Exclusive | Electric-Truck Maker Harbinger Raises $160 Million

Harbinger Motors raised $160 million and secured an order from transportation giant FedEx as the company ramps up production of its medium-duty electric vehicles.

The Series C funding round was led by FedEx along with recreational-vehicle manufacturer Thor Industries and asset-management firm Capricorn Investment Group’s technology impact fund. FedEx placed an initial order for 53 trucks as part of its investment.