About Terrafugia
Terrafugia is a company based in Waltham (United States) founded in 2006 was acquired by Geely in November 2017. Terrafugia has raised $5.62 million across 6 funding rounds from investors including Geely. The company has 11 employees as of December 31, 2022. Terrafugia operates in a competitive market with competitors including Ehang, Joby Aviation, Wisk, Archer and Odys Aviation, among others.
- Headquarter Waltham, United States
- Employees 11 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Phone
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Social
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- Legal Name Terrafugia, Inc.
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People of Terrafugia
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Funding Insights of Terrafugia
Terrafugia has successfully raised a total of $5.62M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.02 million completed in May 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Terrafugia
Terrafugia has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Geely.
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SUV cars are manufactured by Geely in China.
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Investor details for Terrafugia
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Investments & Acquisitions by Terrafugia
Investment portfolio details for Terrafugia
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Financial Statements - Terrafugia
Detailed financials for Terrafugia
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Terrafugia Comparisons
Peer comparison for Terrafugia
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Competitors of Terrafugia
Terrafugia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ehang, Joby Aviation, Wisk, Archer and Odys Aviation, among others.
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Autonomous aerial vehicles are provided for consumer and commercial uses.
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Joby Aviation is focused on electric aerial ridesharing solutions.
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Autonomous electric eVTOL vehicles are developed for passenger air transport.
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Electric vertical takeoff and landing aircraft are developed.
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Designer and manufacturer of a VTOL aircraft
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Sustainable high-speed regional air mobility solutions are provided by Lilium.
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Detailed competitors of Terrafugia
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Latest news on Terrafugia
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Frequently Asked Questions about Terrafugia
Terrafugia was founded in 2006.
Terrafugia is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Terrafugia is a funded company, having raised a total of $5.62M across 6 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Terrafugia is 11.
Terrafugia offers multi-utility aircraft which can also be used as a roadable vehicle. TF2 has the three-part transportation system consisting of a passenger or cargo cabin that is transported by an air vehicle and a road vehicle. The vehicle propulsion systems of TF2 consists of 8 electric motors, powered initially by a turbine generator and ultimately powered by batteries. The aircraft is capable of carrying 4 persons on board and has a payload capacity of 635 kgs. It can fly at a maximum speed of 230 km per hour and has a maximum range of 300 km.
Terrafugia has 1 investor. Key investors include Geely.