Jeff Engler fired up a start-up, Wright Electric, about a year ago. Last week, he presented at the Y Combinator Winter 2017 Demo Day – a semi-annual event where venture capitalists can meet the latest in venturesome mendicants. Tech Crunch describes the firm’s goals, which include electric flights between London and Paris on no fossil fuels – ambitious to say the least. “Wright Electric wants to build the world’s first electric airplane (at least the first 150 seat electric airliner). One of the main reasons airlines like Southwest can offer low fares is that they pre-purchase gas, but Wright sees an opportunity to make flights even cheaper by using electric planes instead. The company is targeting the 30 percent of all flights that are 300 miles or less, and is partnering with EasyJet to start. As technology improves, it believes its planes will be able to go after the $26 billion short-haul flight market.” Jeff has managed to attract a …
