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DateInvestorsAmountRound
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N/A

-
N/A

$30.0k

Seed
N/A

$258k

Debt
N/A

$1.5m

Series A
N/A

$2.0m

Early VC

$960k

Early VC

$1.0m

Early VC

$1.0m

Series C

N/A

Acquisition
Total Funding$6.6m

Recent News about Terrafugia

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Terrafugia is a pioneering company in the field of personal air transportation, aiming to revolutionize everyday travel with its innovative flying cars. The company operates in the emerging market of urban air mobility, focusing on creating vehicles that can seamlessly transition between driving on roads and flying in the air. Terrafugia's flagship products, the Transition and the TF-2, are designed to simplify and enhance personal transportation by combining the functionalities of cars and aircraft.

The Transition is a two-seater vehicle that can switch from driving mode to flight mode in under a minute with the push of a button. It runs on automotive gasoline and can be stored in a standard home garage, eliminating the need for hangar storage and specialized aviation fuel. The TF-2, on the other hand, is a more advanced system that includes a passenger cabin capable of transferring between a road vehicle and an air vehicle, allowing for a seamless journey from start to finish without changing vehicles.

Terrafugia serves a diverse range of clients, including individual consumers looking for innovative transportation solutions and potentially businesses needing efficient travel options. The company's business model revolves around the design, engineering, fabrication, and certification of its vehicles. By leveraging cutting-edge technology in electric propulsion, advanced construction materials, and modern manufacturing processes, Terrafugia ensures the safety and reliability of its products.

Revenue is generated through the sale of these advanced vehicles, as well as potentially through service and maintenance packages. The company is also likely to explore partnerships and collaborations within the transportation and technology sectors to expand its market reach.

Keywords: flying cars, urban air mobility, personal transportation, Transition, TF-2, electric propulsion, seamless travel, advanced engineering, innovative vehicles, Terrafugia.

Tech stack

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