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FedEx Fuels Harbinger’s $160M Raise While Einride Goes Public in New Wave of Electric Trucking Bets

Money is flowing into more electric trucking companies as the industry still grapples with a years-long slump in freight demand and slow electric vehicle (EV) adoption. FedEx is co-leading a 160millionfundingroundintomediumdutyelectricandhybridvehiclemanufacturerHarbinger,placinganinitialorderfor53ofitsEVs.MorefromSourcingJournalAtthesametime,SwedishbasedautonomoustruckingtechnologycompanyEinrideispreparingtogopublicviaaSPACatavaluationof160 million funding round into medium-duty electric and hybrid vehicle manufacturer Harbinger, placing an initial order for 53 of its EVs. More from Sourcing Journal At the same time, Swedish-based autonomous trucking technology company Einride is preparing to go public via a SPAC at a valuation of 1.8 billion, foll ...