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Terrafugia, Inc. designs and manufactures flying vehicles, including the Transition roadable aircraft.
Founded in 2006 in Woburn, US, Terrafugia designs and manufactures flying vehicles, notably the Transition, a roadable aircraft for private owners and aviation enthusiasts. The company was acquired by Zhejiang Geely Holding Group Co., LTD. in November 2017 for an undisclosed amount. CEO Chao Jing leads it. As of November 2017 it had raised USD 1.020 mn across four rounds, at a valuation of USD 18.305 mn. It is at the Series C stage.
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