Terrafugia Revenue and Competitors

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Boston, MA USA

Location

N/A

Total Funding

Aviation

Industry

Estimated Revenue & Valuation

  • Terrafugia's estimated annual revenue is currently $13.3M per year.(i)
  • Terrafugia's estimated revenue per employee is $221,400

Employee Data

  • Terrafugia has 60 Employees.(i)
  • Terrafugia grew their employee count by -58% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$55.5M210-7%$109.5MN/A

Terrafugia(ter-ra-FOO-gee-ah), Inc. is a wholly-owned subsidiary of Zhejiang Geely Holding Group (Geely Holding) a global automotive group that owns several well-known international automotive brands. Founded in 2006 by five award-winning MIT graduates, Terrafugia's mission is to create practical flying cars that enable a new dimension of personal freedom. Today, Terafugia's team of experienced engineers, designers, certification experts, and business professionals combines aviation and automotive expertise in pursuit of a common vision to disrupt the transportation industry. Terrafugia's first product, The Transition®, is the first step to the practical flying car. A street-legal airplane that converts between flying and driving modes in under a minute, The Transition® integrates proven technology with innovative patented design. The Transition® can fly in and out of over 5,000 public airports in the U.S. and is legal to drive on public roads and highways. Classified as a LSA (light-sport aircraft), The Transition® meets all the necessary certifications for both the FAA and NHTSA and is in the advanced stages of testing in preparation for production. Terrafugia's next generation concept is the TF-2, utilizing innovative VTOL (vertical take-off and landing) technology. The TF-2 is a three-part integrated transportation system for Part 135 short haul operators who want to achieve a new level of convenience, comfort, and efficiency. With a detachable pod configuration your passengers or cargo will be able to travel seamlessly from point A to point B. Terrafugia is derived from the Latin for Escape the Earth. We're Driven to Fly. To learn more visit, www.terrafugia.com.

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Total Funding

60

Number of Employees

$13.3M

Revenue (est)

-58%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Terrafugia News

2022-04-17 - Passenger Drones Market to See Drastic Growth – Post 2022 ...

... Airbus S.A.S. (France), Astro Aerospace (United States), Cartivator (Japan), Lilium GmbH (Germany), Terrafugia (United States).

2022-04-17 - Urban Air Mobility Market Size And Forecast | Volocopter ...

... Size And Forecast | Volocopter, Airbus, Bell Helicopter, Kitty Hawk, Joby Aviation, Terrafugia, Pipistrel, Boeing, Neva Aerospace.

2022-03-22 - Will Flying Cars Ever Really Take Off?

The concept car from Terrafugia is not the first flying car to be thought up by the firm. It's already working on a flying vehicle called...

2019-09-12 - Geely Wants To Bring Air Taxis To China

... “flying” thing, either—company documents obtained by Reuters show the company is currently building a plant to make Terrafugia flying cars.

2019-09-12 - Electric Vertical Take-off and Landing Market 2019 Global Analysis – Airbus SAS, TERRAFUGIA, Joby Aviation, ...

Electric Vertical Take-off and Landing Market 2019 Global Analysis – Airbus S.A.S, TERRAFUGIA, Joby Aviation, KITTY HAWK, PAL-V, ICON ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$35M60-6%N/A
#2
$7.8M605%N/A
#3
$7.4M610%N/A
#4
$7.7M610%$12.5M
#5
$11.6M6248%N/A