FedEx is buying 2,000 electric trucks for $300M, and investing in the company building them

Image for article FedEx is buying 2,000 electric trucks for $300M, and investing in the company building them
News Source : The Next Web

News Summary

  • FedEx has ordered 2,000 electric delivery trucks from Harbinger, a Californian startup, for the United States and Canada.
  • The order is worth $300M and the vehicles arrive before the end of 2027.
  • Europe’s equivalent companies, Volta Trucks and Tevva, both went under, and a European logistics depot needs ten to twenty times its current power capacity to run an electric fleet.
  • FedEx wants its whole pickup and delivery fleet electric by 2040.
FedEx has ordered 2,000 electric delivery trucks worth $300M from Harbinger, a Californian startup it also backed with a Series C investment last year.

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