Red Bear Angels portfolio company Harbinger Motors reported a counterintuitive surge: quarterly medium-duty EV truck sales roughly doubled even after federal IRA incentives expired. The company sold 733 commercial electric vehicles in 2025—more than the total number of Class 4–6 EVs registered across the entire U.S. market in 2024. CEO John Harris attributes the momentum to fleet operators' focus on fuel savings (approximately $14,000 per vehicle per year) and near-parity pricing with diesel trucks, signaling a commercial EV market that is maturing beyond policy support. Read more on Harbinger Motors →
