Wright Electric, founded in 2016, is an aerospace company focused on decarbonizing industries that are traditionally challenging to decarbonize, such as aviation. Their main objective is to create innovative solutions that significantly reduce carbon emissions in these sectors. The company is working on developing technology and infrastructure that will contribute to a more sustainable future in high-emission industries. Wright is headquartered in Malta, New York.

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Management Team

Jeffrey Engler
Co-Founder & Chief Executive Officer
Doug Griswold
Co-Founder & Program Manager

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Is Wright’s a public company?

No, Wright’s is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.

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Wright does not have an official ticker symbol because this company is not currently publicly traded.

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News Highlights

Charged EVs | Wright Electric aims to develop EV battery with 1,000 Wh/kg specific energy

Wright Electric, provider of electric propulsion systems for regional aircraft, has launched an initiative to develop batteries targeting 1,000 watt hours per kilogram (Wh/kg) pack-level specific energy. “When I founded Wright, the best vehicle batteries had [specific energy] below 250 Wh/kg,” said Jeff Engler, CEO of Wright. “Now several large manufacturers are advertising cells at double that capacity, and we have visibility into new battery chemistries that could get us to our target of 1,000 Wh/kg.”

Wright Logs 1-MW Output With Electric Motor Generator

Wright Electric has achieved a 1-MW power output with the electric motor generator it is developing for future airliners. During this week’s Paris Airshow, the U.S. company also announced it has signed a Space Act Agreement with NASA to conduct altitude testing of the powertrain at the NASA Electric Aircraft Testbed (NEAT), starting in early 2024. The testing will evaluate how the motors perform in high-altitude operations as thinner air can cause short-circuiting and electromagnetic interference.
Updated on: Jul 24, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.