EV startup Harbinger snags $400M in commercial vehicle chassis orders
EV startup Harbinger grabbed $400 million in vehicle orders and announced a $73 million Series A funding round.
EV startup Harbinger grabbed $400 million in vehicle orders and announced a $73 million Series A funding round.
First-quarter financials were iffy and cash was tight, but Workhorse electric stepvan manufacturing made progress.
A FedEx delivery driver just completed a 260-mile drive using a BrightDrop Zevo 600 electric van, setting a Guinness World Record.
BrightDrop announced FedEx has ordered 2,000 additional electric vans and is in discussions for up to 20,000 more. Walmart also has placed an order for EVs, planning to add 5,000 to its home delivery fleet.
Walmart plans to rapidly expand its InHome Delivery service, hiring 3,000 drivers to handle deliveries.
Electric Last Mile Solutions has delivered its first Class 1 all-electric cargo van to a customer, beating a Q4 goal for the first delivery.
Rising container rates and the semiconductor shortage could hurt electric vehicle startups Arrival and ELMS, but not enough to dampen the outlook, according to the analysts at Cowen.
Research firm Cowen issued a positive report on electric vehicle maker Electric Last Mile Systems, citing its experience management and low capital need.
DPDHL is making large commitments related to sustainable aviation, electric last-mile delivery vehicles and social impact projects in its recently released sustainability road map.
DHL Express was pleased with a trial of nine Lightning eMotors electric Ford Transit vans and is now ordering an additional 89 units to deploy in New York and California.
In today’s edition of The Daily Dash, the FreightWaves Last Mile Logistics Summit was held on Thursday; Hyliion details its secret sauce; and FMCSA expands a pilot program for drivers under the age of 21.
Workhorse gets another shot in the arm with the announcement of a $70 million loan. Shares continue their hot streak, up more than 30% on the news.
Workhorse said its electric delivery van will enter production in the next few weeks, with various configurations and sizes to be offered eventually.
Lightweight electric van maker expects to build 300-400 units this year as transition to production inches forward while costs remain high amid Q4 revenue of just $3,000.
Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts.