About Wrightspeed
Wrightspeed is a company based in San Jose (United States) founded in 2005. Wrightspeed has raised $29.5 million across 6 funding rounds from investors including California Energy Commission. The company has 25 employees. Wrightspeed offers products and services including RePower Platform and RePower Kit. Wrightspeed operates in a competitive market with competitors including VIA Motors, Libertine, IRP Systems, Hexagon Purus and Punch Powertrain, among others.
- Headquarter San Jose, United States
- Employees 25
- SectorsTransportation, Automotive & Logistics
- Website wrightspeed.com
- Social LinkedIn X Facebook
- Legal Name Wrightspeed Inc
- Total Equity Funding$29.5M (USD)
in 6 rounds
- Latest Funding Round$11.45M (USD), Series B
Aug 2019
- Investors
- Employee Count25
Products & Services of Wrightspeed
Wrightspeed offers a comprehensive portfolio of products and services, including RePower Platform and RePower Kit.
Converts diesel vehicles to electric for reduced emissions and efficiency.
Installs electric systems in trucks to improve performance and safety.
Funding Insights of Wrightspeed
Wrightspeed has successfully raised a total of $29.5M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $11.45 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $29.5M
- Total Rounds 6
- Last Round Series B — $11.45M
- First Round $5M
(Nov 2010)
- Investors Count 1
All 6 funding rounds of Wrightspeed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $11.45M | Series B | – | – | – |
| Mar 2017 | $8M | Series B | – | – | – |
| Jul 2015 | $5.05M | Series B | – | – | – |
| Sep 2012 | $5.8M | Grant | – | – | |
| Dec 2010 | $1.2M | Grant | – | – | |
| Nov 2010 | $5M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in Wrightspeed
Wrightspeed has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include California Energy Commission.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency focused on clean energy investments | 1974 | energy.ca.gov | United States |
Investor details for Wrightspeed
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People of Wrightspeed
2 people are tracked at Wrightspeed (2 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
Ian Sowden | Software Development Director | Leadership |
Suzy Taherian | CFO | Leadership |
Complete people profiles for Wrightspeed
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Timeline of Wrightspeed
3 dated milestones of Wrightspeed across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Wrightspeed is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series B, of $11.4M.
Competitors of Wrightspeed
Wrightspeed 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 VIA Motors, Libertine, IRP Systems, Hexagon Purus and Punch Powertrain, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| viamotors.com | 2010 | Orem, United States | $56.4M | 105 | Electric drive systems for commercial vehicles are provided. | |
| libertine.co.uk | 2009 | York, United Kingdom | $1.63M | 19 | Linear power systems are provided for free-piston engine uses. | |
| irpsystems.com | 2015 | Ness Ziona, Israel | $48M | – | Software-defined electric powertrain systems for micromobility are provided. | |
| hexagonpurus.com | 2018 | Alesund, Norway | – | 688 | Hydrogen-based batteries and systems for electric vehicles are manufactured. | |
| punchpowertrain.com | 1972 | Sint Truiden, Belgium | $42.16M | 67 | Manufacturer of powertrains for electric vehicles | |
| vitesco-technologies.com | 2018 | Hannover, Germany | – | 6,284 | Developer of powertrain system for multi-category vehicles | |
| saietta.com | 2008 | Bicester, United Kingdom | – | – | Electric powertrain systems with motor technology are developed and manufactured. | |
| isecorp.com | 1995 | San Diego, United States | $23.1M | – | Hybrid electric drive systems for heavy-duty vehicles were developed. |
Detailed competitors of Wrightspeed
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Web traffic of Wrightspeed
The website of Wrightspeed (wrightspeed.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 1564% vs previous month
Websites whose visitors overlap most with Wrightspeed. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| commutercars.com | 100% | 2.9K | #5,569,556 | View details | |
| acpropulsion.com | 99% | – | #12,593,763 | View details | |
| aptera.com | 91% | 5.5K | #3,808,672 | View details | |
| isecorp.com | 82% | – | – | View details | |
| alke.com | 82% | 16.8K | #1,458,998 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Wrightspeed
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- 17 similar websites
- Audience overlap
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Latest news on Wrightspeed
Complete news archive for Wrightspeed
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Similar companies to Wrightspeed
10 companies that operate in the same segment as Wrightspeed (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Wrightspeed
Wrightspeed was founded in 2005 and raised its 1st funding round 5 years after it was founded.
Wrightspeed is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Wrightspeed is a funded company, having raised a total of $29.5M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Nov 2010.
Wrightspeed has 25 employees.
Wrightspeed was founded in 2005 in San Jose, United States, where powertrain systems for electric vehicles are developed, targeting the medium-duty commercial fleet sector. The Route system is designed for trucks, incorporating electric drive, regenerative braking, and onboard power generation to address payload and performance needs. Fuel consumption is reduced through this integrated approach, which includes a software-controlled clutchless transmission for operational efficiency.
Wrightspeed's top competitors include VIA Motors, IRP Systems and Libertine.
Wrightspeed offers RePower Platform and RePower Kit.
Wrightspeed has 1 investor. Key investors include California Energy Commission.
Wrightspeed operates through Wrightspeed Inc.