Wrightspeed Raises $5 Million Series A

Posted Nov 8, 2010

Wrightspeed is a manufacturing company that developers electric drive systems. The company has raised $1.5 million from a private investors. The CEO of Wrightspeed is Ian Wright, who is also a co-founder in Tesla Motors.

Wright is no longer with Tesla as he left long before the company had an IPO. Wright created Wrightspeed to make hybrid electric drive systems for high performance cars.

Wrightspeed plans to sell ?technology [that] will displace at least 3,000 gallons of fuel per year per high usage vehicle.? Wrightspeed is based in San Jose, California.

[TC GreenTech]