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Wrightspeed

Description

Developer of electric vehicle powertrains designed to improve engine performance of commercial medium-duty trucks. The company's electric vehicle powertrains use electric drive, regenerative braking and an unique approach to onboard power generation using a micro turbine which is fully integrated and extremely high power system and the first to use a software controlled clutchless transmission, enabling vehicle manufacturers to reduce fuel consumption and increase overall efficiency and performance of trucks.

2005

Founded

PRIVATE

Status

11-50

Employees

Series F

Latest Deal Type

$8M

Latest Deal Amount

$53.3M

Total Amount Raised

Description

Developer of electric vehicle powertrains designed to improve engine performance of commercial medium-duty trucks. The company's electric vehicle powertrains use electric drive, regenerative braking and an unique approach to onboard power generation using a micro turbine which is fully integrated and extremely high power system and the first to use a software controlled clutchless transmission, enabling vehicle manufacturers to reduce fuel consumption and increase overall efficiency and performance of trucks.

Website:

www.wrightspeed.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Road

Other Industries

Electrical Equipment

Primary Office

650 West Tower Avenue Alameda, CA 94501United States +1 (866) 960-9482
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Wrightspeed Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Wrightspeed Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Wrightspeed Investors (2)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
California Energy CommissionGovernment000 0000000 0000
Firsthand Technology Value FundVenture CapitalMinority000 0000000 0000
California Energy Commission Government
Firsthand Technology Value Fund Venture Capital

Wrightspeed Executive Team (5)

NameTitleBoard
Seat
Contact
Info
Ian WrightFounder, Board Member, President & Chief Executive Officer
David WagensellerChief Financial Officer
Ian WelchDirector of Business Development
Thomas BurrowSenior Test Engineer
Greg AndersonVice President, Manufacturing
Ian Wright Founder, Board Member, President & Chief Executive Officer
David Wagenseller Chief Financial Officer
Ian Welch Director of Business Development
Thomas Burrow Senior Test Engineer
Greg Anderson Vice President, Manufacturing

Wrightspeed Board Members (4)

NameRepresentingRoleSinceContact
Info
Alex AuWrightspeedBoard Member000 0000
David Welch Ph.DSelfBoard Member000 0000
Ian WrightWrightspeedFounder, Board Member, President & Chief Executive Officer000 0000
Kevin LandisFirsthand Capital ManagementFounder, Chief Investment Officer & Chief Executive Officer000 0000
Alex Au Board Member Wrightspeed
David Welch Ph.D Board Member Self
Ian Wright Founder, Board Member, President & Chief Executive Officer Wrightspeed
Kevin Landis Founder, Chief Investment Officer & Chief Executive Officer Firsthand Capital Management
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