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Wednesday, December 15, 2010

Wrightspeed wins $1.2M electric truck grant

Wrightspeed Inc. said on Monday it has won a $1.2 million grant from the California Energy Commission for the development of its Digital DriveSystem retrofit kit for medium-duty fleet trucks.

The San Jose company's system can be used to electrify fleet trucks.

"Commercialization of the Wrightspeed Digital DriveSystem will provide valuable diagnostic verification and validation to ensure that electric drive technology meets defined performance and efficiency goals. The Golden State's investment in green technology will yield rich dividends benefiting both the economy and environment," said California Energy Commission Vice Chair James Boyd in a prepared statement.

Wrightspeed founder and CEO Ian Wright estimates that his company's technology will displace at least 3,000 gallons of fuel per year per high-usage vehicle.

The company last month raised $5 million in a first round of funding from an unnamed private investor.

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