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Company type | Subsidiary |
---|---|
Industry | Aircraft manufacturing |
Founded | 2006 |
Founders | Carl Dietrich Anna Mracek Dietrich Samuel Schweighart Alex Min Arun Prakash |
Headquarters | , United States |
Key people | Chao Jing, CEO Kevin Colburn, VP & General Manager Josh Elvander, VP Engineering[1] |
Parent | Zhejiang Geely Holding Group |
Website | www |
Terrafugia[2] (/ˌtɛrəˈfuːdʒiə/) is a Chinese-owned corporation, based in Woburn, Massachusetts, United States that is developing a roadable aircraft called the Transition and a flying car called the TF-X. The Transition and TF-X are designed to be able to fold their wings, enabling the vehicles to also operate as street-legal road vehicles.
In January 2021, Terrafugia announced that the Transition received a Special Light-Sport Aircraft (LSA) airworthiness certificate from the FAA for the Transition to be flown only, with road use approval to follow in 2022.[3]
In February 2021 the company had laid off the majority of its employees, planned to close its US operations and re-establish in China.[4]