About Wright Electric
Wright Electric is a company founded in 2016. It operates as a Direct-to-Consumer (D2C). The company has 14 employees as of December 31, 2024. Wright Electric offers products and services including DenseGen 3750, Wright Dynamo, and Wright Spirit. Wright Electric operates in a competitive market with competitors including Beyond Aero, Skydweller, Heart Aerospace, Zunum Aero and VoltAero, among others.
- Employees 14 as on 31 Dec, 2024
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Wright Electric Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
NASA
& 3 more
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Employee Count
14
as on Dec 31, 2024
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Products & Services of Wright Electric
Wright Electric offers a comprehensive portfolio of products and services, including DenseGen 3750, Wright Dynamo, and Wright Spirit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Containerized genset designed for aerospace and defense applications.
Commercial generator with 30 kW power output capacity.
Propulsion system extending aircraft life and reducing costs.
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Funding Insights of Wright Electric
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Seed - Wright Electric | Valuation |
investors |
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| Aug, 2016 | Amount | Grant - Wright Electric | Valuation |
investors |
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| Jun, 2016 | Amount | Grant - Wright Electric | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wright Electric
Wright Electric has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include NASA, MassCEC and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Accelerator & incubator focused on clean energy firms
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Founded Year | Domain | Location | |
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Business growth is driven through technology transfer and partnerships.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wright Electric
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wright Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wright Electric Comparisons
Competitors of Wright Electric
Wright Electric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Beyond Aero, Skydweller, Heart Aerospace, Zunum Aero and VoltAero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hydrogen-powered electric aircraft are developed for aviation applications.
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| domain | founded_year | HQ Location |
Solar-powered unmanned perpetual flight vehicles are developed for various industries.
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| domain | founded_year | HQ Location |
Multi-seater commercial electric airplanes are developed by Heart Aerospace.
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| domain | founded_year | HQ Location |
Hybrid electric aircraft are developed for regional passenger flights.
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| domain | founded_year | HQ Location |
Electric-hybrid aircraft and powertrains are developed for aviation uses.
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| domain | founded_year | HQ Location |
Hybrid-electric propulsion systems for aviation are manufactured and developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wright Electric
Frequently Asked Questions about Wright Electric
When was Wright Electric founded?
Wright Electric was founded in 2016.
How many employees does Wright Electric have?
As of Dec 31, 2024, the latest employee count at Wright Electric is 14.
What does Wright Electric do?
Wright Electric is focused on the development of advanced aerospace and defense technologies. Solutions are provided in the form of ultra-lightweight motors, generators, and batteries. The company operates within the aerospace sector, targeting aircraft propulsion systems and defense applications. Products like DenseGen 3750 and Wright Dynamo are designed to offer compactness and efficiency. Collaboration is sought for programs aimed at enhancing aircraft service life and reducing operational costs.
Who are the top competitors of Wright Electric?
Wright Electric's top competitors include Beyond Aero, Skydweller and Heart Aerospace.
What products or services does Wright Electric offer?
Wright Electric offers DenseGen 3750, Wright Dynamo, and Wright Spirit.
Who are Wright Electric's investors?
Wright Electric has 4 investors. Key investors include NASA, MassCEC, Y Combinator, and MTTC.