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Geely, the Chinese company behind the automaker Volvo, recently announced their acquisition of Terrafugia, a company founded by five MIT graduates that is working on a prototype flying car. This move positions Geely to join a quickly growing flock of companies jockeying for the first mass-marketed flying car.

Terrafugia, a ten-year-old company, has already produced the “Transition,” a bulky vehicle with unfoldable wings that can go from driving to flying, with a horizontal takeoff like an airplane, in a few minutes. The company states that the Transition is already road legal, and they are  already accepting $10,000 deposits for those who’d like to reserve one.

Electrek reports that Terrafugia also developed an electric version of their vehicle, the TF-X, last year. The TF-X will reportedly feature vertical take-off and landing (VTOL), like a helicopter, and will have a range of 500 miles.

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Geely, the Chinese company behind the automaker Volvo, recently announced their acquisition of Terrafugia, a company founded by five MIT graduates that is working on a prototype flying car. This move positions Geely to join a quickly growing flock of companies jockeying for the first mass-marketed flying car.

Terrafugia, a ten-year-old company, has already produced the “Transition,” a bulky vehicle with unfoldable wings that can go from driving to flying, with a horizontal takeoff like an airplane, in a few minutes. The company states that the Transition is already road legal, and they are  already accepting $10,000 deposits for those who’d like to reserve one.

Electrek reports that Terrafugia also developed an electric version of their vehicle, the TF-X, last year. The TF-X will reportedly feature vertical take-off and landing (VTOL), like a helicopter, and will have a range of 500 miles.

Subscribe now to get full and unlimited access to AppBrain Intelligence. You'll have access to:

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Geely, the Chinese company behind the automaker Volvo, recently announced their acquisition of Terrafugia, a company founded by five MIT graduates that is working on a prototype flying car. This move positions Geely to join a quickly growing flock of companies jockeying for the first mass-marketed flying car.

Terrafugia, a ten-year-old company, has already produced the “Transition,” a bulky vehicle with unfoldable wings that can go from driving to flying, with a horizontal takeoff like an airplane, in a few minutes. The company states that the Transition is already road legal, and they are  already accepting $10,000 deposits for those who’d like to reserve one.

Electrek reports that Terrafugia also developed an electric version of their vehicle, the TF-X, last year. The TF-X will reportedly feature vertical take-off and landing (VTOL), like a helicopter, and will have a range of 500 miles.


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