Wright's goal is to develop a 150-seat all-electric airplane with a 300 mile (nearly 500 km) range that would compete in the 737 style Boeing and Airbus plane market.

Both Boeing and Airbus sold nearly 1,000 of those planes in 2016 – and at around $90 million each, so there is huge potential in electrification.

"These short-haul trips make up 30 percent of all flights, and is a $26 billion market."

Wright already has a partner in British airline EasyJet, which could ultimately be the first to put such a plane into service.

Two scenarios were outlined by Wright. If the outfitted batteries are energy dense enough, the plane will be all-electric. If not, well there is always a range-extended option like Chevrolet Volt.

"Today Wright Electric gave its first preview to the world at Y Combinator's Demo Day, where Silicon Valley's most prestigious startup accelerator puts its new companies in front of investors. Wright Electric announced it's building a 150-seat plane to disrupt the 737 market. It's struck a partnership with budget British airline EasyJet, which could put its design in the air. And it even showed off its own electric plane in the parking lot.