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Wright Electric, Inc.
company
About
Wright Electric is a leader in the future of sustainable, lower emissions air travel.
- 11 - 50
Details
- Last Funding Type
- Grant
- Last Funding Money Raised
- $647K
- Industries
- Aerospace,Air Transportation,Electric Vehicle,Manufacturing
- Founded date
- Jan 1, 2016
- Number Of Employee
- 11 - 50
- Operating Status
- Active
Wright Electric, Inc. is building technologies for large commercial airplanes. The company is currently developing their flagship Airplane, the Wright 1, which will be a 186-seat single aisle airliner with an 800 mile range. The company hopes to achieve entry to service for the Wright 1 by 2030 and is working with commercial airlines including easyJet and VivaAerobus. In addition to the newly announced U.S. DOE’s ARPA-E funding, the company is funded by Y Combinator, the Clean Energy Trust and venture funds.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
$647K
Wright Electric, Inc. has raised a total of
$647K
in funding over 2 rounds. Their latest funding was raised on
Aug 28, 2020 from a Grant round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 28, 2020 | Grant | $647K | 1 |
US Department of Energy
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
1
1
Wright Electric, Inc. is funded by 1 investors.
US Department of Energy
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
US Department of Energy
|
Yes | Grant |
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