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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Website
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Social
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- Legal Name Terrafugia, Inc.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $1.0M
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First Round
First Round
(01 May 2006)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2012 | Amount | Series A - Terrafugia | Valuation |
investors |
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| Dec, 2010 | Amount | Series A - Terrafugia | Valuation |
investors |
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| May, 2010 | Amount | Series A - Terrafugia | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Terrafugia
Terrafugia has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Geely. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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SUV cars are manufactured by Geely in China.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Terrafugia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Terrafugia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Terrafugia Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Sustainable high-speed regional air mobility solutions are provided by Lilium.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Terrafugia
Frequently Asked Questions about Terrafugia
When was Terrafugia founded?
Terrafugia was founded in 2006.
Where is Terrafugia located?
Terrafugia is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Is Terrafugia a funded company?
Terrafugia is a funded company, having raised a total of $5.62M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.04M, raised on May 01, 2006.
How many employees does Terrafugia have?
As of Dec 31, 2022, the latest employee count at Terrafugia is 11.
What does Terrafugia do?
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.
Who are the top competitors of Terrafugia?
Who are Terrafugia's investors?
Terrafugia has 1 investor. Key investors include Geely.
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