Terrafugia
Terrafugia is a privately held US aerospace company founded in 2006 that manufactures roadable aircraft (flying cars) for personal transportation. Headquartered in Woburn, Massachusetts, it operates in the nascent personal aviation market with 51-100 employees.
- Company typePrivate
- Founded2006
- HeadquartersWoburn, United States
- Headcount51–100
- GTM typeB2C
- OfferingHardware or Manufacturing
What Terrafugia does
Terrafugia is a privately held US company founded in 2006 and headquartered in Woburn, Massachusetts, that manufactures aircraft designed for personal transportation. Its core product category is the "flying car" or roadable aircraft — vehicles intended to combine road and flight capability for individual owners. The company employs 51-100 people and operates in the early-stage personal aviation segment, a category projected by third-party sources to reach over USD 4 billion globally by 2035 at a 34.2% CAGR.
The company's underlying technology and specific product specifications are not disclosed in available sources. Its business model centers on the development and eventual sale of personal roadable aircraft, a capital-intensive hardware category requiring FAA certification and substantial engineering investment. No pricing details, customer segments, distribution channels, or commercial sales milestones are documented. Between 2006 and 2015, Terrafugia completed seven funding rounds totaling approximately $6.8M, with Haiyin Capital disclosed as an investor in the most recent round. Chao Jing serves as CEO and Kevin Colburn as VP of Operations. The company's website (terrafugia.com) currently returns only a verification page with no accessible corporate, product, or commercial content, representing a significant information gap for any prospective investor, acquirer, or partner.
Terrafugia firmographics
Firmographics- Name
- Terrafugia
- Legal name
- Terrafugia
- Website
- https://terrafugia.com
- Company type
- Private
- Founded year
- 2006
- Headcount range
- 51–100 employees
- Short description
- Terrafugia is a privately held US aerospace company founded in 2006 that manufactures roadable aircraft (flying cars) for personal transportation. Headquartered in Woburn, Massachusetts, it operates in the nascent personal aviation market with 51-100 employees.
- Ownership category
- akta.pro rank
Terrafugia industry classification
Industry- Product category
- Flying Cars / Roadable Aircraft
- NAICS
- Aircraft Manufacturing (336411)
- SIC
- Aircraft (3721), Aircraft & Parts (3720)
- akta.pro primary industry
- Training & Light Sport Fixed-Wing Aircraft Manufacturing (IMABAAAE)
- akta.pro secondary industry
- Amphibious & Seaplane Aircraft Manufacturing (IMABAAAF)
Keywords
Where Terrafugia is headquartered
LocationHeadquarters
- HQ city
- Woburn
- HQ country
- United States
- HQ region
- North America
Markets served
Terrafugia business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations
Terrafugia product offering
Product offeringCore offering
Terrafugia designs, engineers, and manufactures roadable aircraft (flying cars) intended for personal transportation, vehicles that can be driven on public roads and flown as light sport aircraft. Its product range has historically included the Transition roadable aircraft and the TF-X concept, a hybrid-electric vertical takeoff and landing (VTOL) personal aircraft.
Differentiator
Problem solved
Functional benefit
Products and services
- Transition (Roadable Aircraft) A roadable light sport aircraft that can transition between driving on public roads and flying; designed for licensed sport/private pilots who want a single personal vehicle for both road and air travel.
- TF-X Concept A hybrid-electric vertical takeoff and landing (VTOL) flying car concept aimed at consumer personal air mobility, intended to enable door-to-door airborne travel without conventional runway requirements.
Companies that use Terrafugia
Customer profileIdeal customer profiles1 record
Terrafugia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Terrafugia partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights2 records
Terrafugia competitors and assessment
Company assessmentBroad incumbents
- Joby Aviation: Joby is a publicly listed eVTOL developer targeting commercial urban air mobility. It competes with Terrafugia for the same personal/transitional air-transport customer and investor mindshare, but with vastly deeper capital and a different (eVTOL) airframe architecture.
- Archer Aviation: Archer is developing electric vertical-takeoff aircraft for urban air taxi services. It is a category-level competitor in personal aerial transportation, differentiated by airframe architecture but competing for the same end-customer use case.
- Lilium: Lilium is developing the Lilium Jet, an electric vertical-takeoff regional air mobility platform. It competes with Terrafugia in the broader 'personal/family air travel' category and benefits from a much larger capital base.
- Vertical Aerospace: Vertical Aerospace develops the VX4 eVTOL air taxi. It overlaps with Terrafugia in the broader personal air mobility category but operates at a much larger scale with major airline partners.
Direct peers
- PAL-V: PAL-V (Netherlands) builds the Liberty, a roadable gyrocopter that, like Terrafugia's Transition, is designed to drive on roads and fly. PAL-V is the closest direct competitor — both firms sell certified roadable aircraft to private owners.
- Samson Motor Works (Switchblade): Samson Switchblade is a three-wheeled vehicle that converts to a fixed-wing aircraft — directly analogous to Terrafugia's Transition in form factor, target customer (private owner/enthusiast), and light-sport-style certification pathway.
- Klein Vision (AirCar): Klein Vision's AirCar is a roadable aircraft that has completed inter-city flight tests in Europe. It is a direct technical peer to Terrafugia's Transition and competes for the same enthusiast / early-adopter customer.
Emerging players
- Alef Aeronautics: Alef is developing the Model A, a fully electric flying car with road and vertical-takeoff capability. It targets the same personal-air-mobility use case as Terrafugia and represents a next-generation roadable/eVTOL hybrid competitor.
- SkyDrive: SkyDrive (Japan) is developing a compact eVTOL for personal urban mobility. While focused on eVTOL rather than roadable fixed-wing, it competes for the same end-market of personal/family air transport.
- Opener (BlackFly): Opener's BlackFly is a single-seat electric VTOL personal aircraft targeting private owners. It competes with Terrafugia for the enthusiast / private-owner entry point of the personal air mobility market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks6 records
Key highlights5 records
Customer concentration
Terrafugia social profiles
Digital presenceTerrafugia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Terrafugia leadership team
Management profileNumber of profiles
Profiles2 records
Terrafugia funding detail
Funding detailFunding overview
Funding rounds7 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Terrafugia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Terrafugia
What does Terrafugia do?
Terrafugia designs, engineers, and manufactures roadable aircraft (flying cars) intended for personal transportation, vehicles that can be driven on public roads and flown as light sport aircraft. Its product range has historically included the Transition roadable aircraft and the TF-X concept, a hybrid-electric vertical takeoff and landing (VTOL) personal aircraft.
When was Terrafugia founded?
Terrafugia was founded in 2006. It employs 51 to 100 people.
Where is Terrafugia based?
Terrafugia is headquartered in Woburn, United States, in the North America region.
Who are Terrafugia's main competitors?
Broad incumbents on record are Joby Aviation, Archer Aviation, Lilium and Vertical Aerospace. Direct peers are PAL-V, Samson Motor Works (Switchblade) and Klein Vision (AirCar). Emerging players are Alef Aeronautics, SkyDrive and Opener (BlackFly).
Does Terrafugia have an API?
No public API is recorded for Terrafugia.
What industry is Terrafugia in?
Terrafugia's product category is Flying Cars / Roadable Aircraft. Its primary akta.pro industry code is IMABAAAE, Training & Light Sport Fixed-Wing Aircraft Manufacturing, with a secondary code of IMABAAAF, Amphibious & Seaplane Aircraft Manufacturing. Its NAICS code is 336411 and its SIC code is 3721.