Wright Electric

Wright Electric

Private
New YorkEnergy & Sustainabilityhttps://www.weflywright.com

Last Round

Grant

Aug 19, 2024

Total Funding Raised

$3.99M

Momentum Score

25 /100

Company Overview

Wright Electric, Inc. is an American aerospace company founded in 2016 with the goal of decarbonizing the aviation industry. The company is developing technologies for large, zero-emission electric aircraft, including ultra-lightweight motors, generators, and advanced battery solutions. Its flagship projects are the 'Wright Spirit,' a 100-passenger aircraft designed for one-hour flights, and the 'Wright 1,' a 186-seat airliner with a target range of 800 miles. Wright Electric is a graduate of the Y Combinator accelerator and collaborates with government agencies such as NASA, the U.S. Department of Energy, and the Department of Defense. The company has received federal grants to advance its battery development and aims to bring its first zero-emission regional jets into service.

Sector

Energy & Sustainability

Verticals

Aviation & Drones, Clean Transportation, Defense Tech, Energy Storage, Electric Vehicles

Business Model

B2B

Customer Profile

Government Contracts, Hardware Sales, Services & Consulting

AI Layer

Non-AI

Keywords

electric aircraftelectric propulsionmegawatt-class motorssustainable aviationelectric aviationzero-emission aviationaircraft retrofithigh-power inverterselectric airlinerhybrid-electric aircraftaviation decarbonizationaerospace R&Daircraft battery systemsaerospace and defense

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Caplight Momentum Score

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Wright Electric Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Wright Electric Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
GrantAug 19, 2024
GrantOct 14, 2020
StrategicApr 12, 2018
SeedMar 21, 2017

Key People

Founding team and executive leadership

Jeffrey Engler

CEO

Executive Team

Colin Tschida

Chief Technology Officer

Executive Team

Wright Electric Investors

Notable investors and investment history

InvestorRounds
JetexStrategic
Y CombinatorSeed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Sep 30, 2025

    Partnered with the U.S. Department of Defense since 2016.

  • Sep 30, 2025

    Collaborating with the U.S. Department of Energy since 2016.

Wright Electric Filings

SEC and related filings with document metadata.

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Wright Electric Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersNew York
Employee Range45
Year Founded2016
Last FundingAug 19, 2024

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