Wikispeed was founded by Joe Justice and is headquartered in Seattle, Washington. In 2011, Joe Justice gave a TedTalk explaining the management style implemented by the Wikispeed team.
Wikispeed innovates by applying scrum development techniques borrowed from the software world. They use open source tools and lean management methods to improve their productivity.
On July 24, 2012, Wikispeed announced that they would accept Bitcoin as payment.
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.