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Stock impact report

Harbinger lands $160M Series C, inks initial FedEx deal for 53 electric trucks [Yahoo! Finance]

Thor Industries, Inc. (THO) 
Last thor industries, inc. earnings: 3/9 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.thorindustries.com/home/default.aspx
Company Research Source: Yahoo! Finance
With this Series C, Harbinger has raised $358 million to date. In addition to the investment, FedEx placed an initial order for 53 Harbinger EVs. By the end of the calendar year, Harbinger expects to deliver the chassis, which will be ready for upfit. The vehicles will be a mix of Class 5 and Class 6 models. These trucks are larger-capacity pickup and delivery vehicles, part of a larger network transformation effort by FedEx. Harbinger notes its proprietary electric platform features acquisition costs competitive with traditional combustion engines. It offers modular battery configurations ranging from 140 to over 200 miles, and driver-centric design improvements. The vehicles include advanced safety features uncommon in medium-duty trucks, such as backup cameras with dynamic trajectory and acoustic vehicle alerting systems. “Any vehicle that holds up to our rigorous on-road testing and offers state-of-the-art safety features with lower total cost of ownership is win-win for dri Show less Read more
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