Terrafugia Revenue and Competitors

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.