Wikispeed was founded by Joe Justice and is headquartered in Seattle, Washington. In 2011, Justice gave a TEDx talk explaining the management style implemented by the Wikispeed team.[7]
In May of 2012, Joe Justice launched an Indiegogo campaign to crowdfund further refinement of their prototype design into a market-ready kit car. Justice did not seek development funding from "traditional venture capital" in an effort to avoid forcing the Wikispeed project "into commercial short-term money-making".[4] The campaign sought roughly $50,000 over a period of two months.[4] The campaign failed.
Wikispeed innovates by applying scrum development techniques borrowed from the software development industry. They use open source tools and lean management methods to improve their productivity.[8]
On January 6, 2015, Wikispeed announced that they have been unable to create a working engine module since their second model and called on the community for help. On February 15, 2015, Wikispeed announced an update that they have produced another working engine module.[9]
