Overview

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Total Equity Funding
$40M in 5 Rounds
Most Recent Funding
$15 Million on June 1, 2015 / Undisclosed Round
Headquarters:
San Jose, CA
Description:
Wrightspeed is evolving vehicle propulsion, using high-power electric drive with micro-turbine generators.
Founders:
Categories:
Automotive, Electronics, Manufacturing
Website:
http://www.wrightspeed.com
Social:

Company Details

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Wrightspeed makes its powertrain, The Route, for medium-heavy duty commercial fleet trucks, a very high fuel-consumption market. While continuing to meet the payload and power expectations of fleet operators, The Route can reduce fuel consumption by 50%. Designed for both efficiency and performance, The Route offers a return on investment unparalleled by competing technologies. Using electric drive, regenerative braking, and a unique approach to onboard power generation using a micro turbine, Wrightspeed's Route is a fully integrated and extremely high power system and the first to use a software controlled "clutchless" transmission. Started by one of Tesla Motors' founding members and based in Silicon Valley, Wrightspeed has extremely strong competencies in systems-approach design, high reliability software, and high power analog electronics.

Funding Rounds (7) - $46.79M

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DateAmount / RoundValuationLead InvestorInvestors
Jun, 2015$15M / Undisclosed0
Nov, 2014$8.5M / Series D0
Mar, 2013$6.5M / Series C0
Feb, 2013$1M / Grant0
Jun, 2012$5.79M / Grant0
Sep, 2011$5M / Series B0
Nov, 2010$5M / Series A0

Current Team (3)

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Board Members and Advisors (1)

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Competitors (5)

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  • BYD is engaged in the research, development, manufacture, and distribution of automobiles, secondary rechargeable batteries, and more.
  • Cummins Engine Company is a manufacturer and distributor of heavy duty engines.
  • Proterra designs and manufactures advanced heavy-duty vehicles powered by clean domestic fuels.
  • VIA Motors is specializes in extended-range electric vehicles (eREVs) - electric trucks, and electric vans.
  • XL Hybrids develops hybrid electric conversion technology for Class 1 through 3 commercial vans and trucks, improving the fuel economy. 

Customers (1)

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  • FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.

Offices/Locations (1)

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  • Headquarters

    2540 Junction Avenue

    San Jose, CA 95134

    USA

Images (6)

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Videos (1)

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