founder dr. carl dietrich anna mracek dietrich dr. samuel schweighart alex min arun prakash headquarters woburn massachusetts united states 42 28 56 n 71 07 10 w 42.48226 n 71.11946 w 42.48226 ; 71.11946 coordinates 42 28 56 n 71 07 10 w 42.48226 n 71.11946 w 42.48226 ; 71.11946 key people carl dietrich ceo cto anna mracek dietrich coo samuel schweighart vp engineering richard gersh vp business development col. phil meteer ret . test pilot andrew heafitz vp product development website www.terrafugia.com terrafugia 1 t r fu d i is a small privately held american corporation that is developing a roadable aircraft called the transition and a flying car called the tf x. the transition and tf x are designed to be able to fold their wings enabling the vehicles to also operate as street legal road vehicles . first delivery of the transition is scheduled for between 2015 and 2017 . 2 3 terrafugia is the sole registered automobile manufacturer in massachusetts . not verified in body contents 1 founding and financial history 2 transition roadable aircraft 3 darpa transformer tx project 4 terrafugia tf x 5 references 6 external links founding and financial history edit terrafugia was founded by graduates of the department of aeronautics and astronautics at the massachusetts institute of technology and graduates of the mit sloan school of management . their team and business plan was the runner up for the 2006 mit 100k entrepreneurship competition . terrafugia was then incorporated may 1 2006 with much of the initial funding coming from ceo and founder carl dietrich s us 30 000 lemelson mit student prize . the first round of convertible note financing began at eaa airventure oshkosh 2006 and closed december 21 2006 raising us 258 215 . 4 5 five additional rounds of convertible note financing followed . the first round of equity financing closed in 2008 and raised us 1 531 323 . 6 another round of equity financing was initially planned for 2009 ; the second and third rounds of equity financing raised us 2 037 680 in may 2010 and us 960 418 in dec 2010 . 7 8 another equity offering of us 3.5 million was reported in may 2012 of which 1 020 369 had been sold . 9 10 in october 2008 terrafugia reported seeking reservations for airframe number 57 representing an order book of more than us 8 million . 11 12 in march 2009 the company had received fewer than 35 aircraft reservations but by september 2009 they had doubled that to 70 ; 13 as of december 2011 update 100 reservations were on deposit representing potential revenues above us 25 million . 14 transition roadable aircraft edit main article terrafugia transition terrafugia expects initial deliveries of the transition light sport aircraft in 2015 or 2016 . 15 16 the estimated purchase price was originally announced as us 194 000 17 and was increased to us 279 000 as of december 2011 update . 18 as a light sport aircraft the pilot will be required to hold a sport pilot or higher certificate which requires a minimum of 20 hours of dual instruction to obtain as well as passing an faa oral and practical examination . owners will be able to drive amidst normal street traffic from their garage to an airport where the wings can be deployed for take off and flight within a range of 400 nmi 740 km ; 460 mi . it will carry two people plus luggage and will operate on a single tank of premium unleaded gas . 19 the design of the production version was made public at airventure oshkosh on 26 july 2010 and no longer included a front canard . 20 the transition proof of concept s maiden flight on 5 march 2009 lasted 37 seconds and covered 3 000 feet 910 m of the runway at the plattsburgh international airport . 21 the test pilot then conducted 6 additional takeoffs and landings . 17 in june 2010 the faa granted terrafugia an exemption for the transition s extra takeoff weight . 22 the added weight accommodates the transition s road safety features which is needed to comply with federal motor vehicle safety standards . 22 on june 29 2011 the national highway traffic safety administration also granted exemptions allowing the transition to use a polycarbonate windshield to use tires suited for highway and aircraft use but not typically certified for multi purpose vehicle use to not include an electronic stability control system that could inadvertently cut engine power during flight and finally to use regular instead of advanced airbag deployment . 23 after undergoing drive tests and high speed taxi tests the production prototype completed its first flight on march 23 2012 at plattsburgh new york . 24 25 26 the production prototype then made its auto show debut at the 2012 new york international auto show in april 2012 . 27 in june 2012 terrafugia announced that the transition had completed the first of six phases of flight testing . 28 29 by july the second phase of testing was underway expanding the performance envelope in the sky and continuing drive testing on the ground . 30 darpa transformer tx project edit main article transformer flying car transformer tx is a darpa us 65m five year three phase program 31 intended to develop a flying humvee . a phase 1 proposal from aai corporation was awarded a us 3m contract in september 2010 32 and incorporates deployable surfaces technology from subcontractor terrafugia . 33 34 terrafugia tf x edit main article terrafugia tf x on may 7 2013 terrafugia announced the successor of transition called the tf x. tf x is a plug in hybrid tilt rotor vehicle and would be the first fully autonomous flying car . it has a range of 500 miles per flight and batteries are rechargeable by the engine . it is expected to hit the market at least six years after transition 2023 . references edit terrafugia inc. summary screen . the commonwealth of massachusetts secretary of the commonwealth corporations division . retrieved 2009 04 06 . woodyard chris 2013 05 06 . terrafugia s next flying car envisioned as tilt rotor usa today . lawler richard 21 april 2015 . terrafugia s flying car project is still a couple of years away . engaget . retrieved 22 april 2015 . terrafugia 2007 02 14 . upcoming 2007 events . terrafugia newsletter 4 . retrieved 2009 03 23 . terrafugia sec form d 2007 01 04 . terrafugia sec form d 2008 11 11 . terrafugia sec form d 2010 05 18 . terrafugia sec form d 2010 12 23 . terrafugia sec form d 2012 05 24 . seiffert don may 25 2012 . terrafugia gets 1m tests flying car . mass high tech business news . retrieved june 5 2012 . external link in publisher help aopa reporting points flying car or pipe dream carl dietrich . foege alan 2008 12 08 . the car of the future it flies . cnn . retrieved 2009 03 23 . carl dietrich terrafugia ceo ; evelyn rusli forbes 2009 09 29 . inside terrafugia s flying car adobe flash podcast . event occurs at 1m10s . retrieved 2009 10 29 . since the transition s first flight in march the number of orders has more than doubled to 70 . hussey matt 2011 12 31 . wait no longer the flying car is finally ready for takeoff . wired.co.uk . retrieved april 4 2012 . dietrich carl . ceo terrafugia pdf . terrafugia . archived from the original pdf on 2011 08 16 . retrieved 30 june 2011 . welsh jonathan . flying car slowed by roadblocks . wall street journal . retrieved 27 june 2013 . a b roush wade 2009 03 18 . terrafugia achieves maiden flight . xconomy . retrieved 2009 03 18 . durbin dee ann april 3 2012 . terrafugia flying cars cost 279 000 each already have 100 pre orders video . the christian science monitor . associated press . retrieved april 4 2012 . harris mark january 11 2009 . world s first flying car prepares for take off . the times . london . retrieved 2009 03 19 . flying car moves closer to first delivery . terrafugia . 2010 07 26 . retrieved 27 july 2010 . page lewis 18 march 2009 . world s first proper flying car makes debut flight . the register . retrieved 2009 03 18 . a b grady mary 23 june 2010 . faa grants extra weight to terrafugia . avweb . retrieved 2010 08 03 . department of transportation national highway traffic safety administration 2011 06 29 . terrafugia inc. ; grant of application for temporary exemption from certain requirements of fmvss no. 110 tire selection and rims for motor vehicles fmvss no. 126 electronic stability control systems fmvss no. 205 glazing materials and fmvss no. 208 occupant crash protection . federal register . 76 125 38270 38279 . 76 fr 38270 . retrieved 30 june 2011 . docket no . nhtsa 2010 0154 first flight for terrafugia . retrieved 2 april 2012 . major milestone takes flying car closer to first delivery pdf . terrafugia.com . april 2 2012 . retrieved april 2 2012 . jim patten 25 march 2012 . flying car road tested at lawrence municipal airport . eagletribune.com . retrieved 25 march 2012 . welsh jonathan april 5 2012 . flying car maker offers show special discount . driver s seat . wall st. journal . retrieved 2012 07 30 . phase 1 flight testing a success for transition street legal airplane . terrafugia . retrieved 28 june 2012 . jonathan welsh 28 june 2012 . flying car completes first round of flight tests . wsj.com . retrieved 1 july 2012 . terrafugia s transition street legal airplane continues flight and drive testing pdf . terrafugia . retrieved 30 july 2012 . baratti l. flying car company tagged for transformer tactical vehicle team exec digital 18 december 2010 . accessed 27 december 2010 . award notice . 2010 09 27 . contract award number fa865010c7068 contract award dollar amount 3049562 contractor awardee aai corporation 124 industry ln hunt valley md 21030 3342 line feed character in quote at position 23 help huang gregory t. terrafugia aurora flight sciences metis design take wing in 65m darpa program to design flying humvee xconomy 2 december 2010 . accessed 16 december 2010 . mckeegan noel . terrafugia to contribute darpa flying car program gizmag 30 november 2010 . accessed 16 december 2010 . external links edit terrafugia official website v t e flying cars and roadable aircraft roadable aircraft historical aerauto pl .5 c aerocar aca ac 35 ave mizar bryan autoplane convair model 116 convair model 118 curtiss autoplane fulton airphibian gwinn aircar skroback roadable airplane wagner aerocar waterman arrowbile modern aeromobil darpa tx haynes aero skyblazer i tec maverick labiche fsc 1 pal v one parajet skycar plane driven pd 1 roadable glastar samson switchblade scaled composites model 367 bipod terrafugia transition flying cars historical chrysler vz 6 curtiss wright vz 7 piasecki vz 8 airgeep sky commuter modern moller m400 skycar skyrider x2r terrafugia tf x urban aeronautics x hawk xplorair related topics hovercar jet pack personal air vehicle comparisons winged tank avcen jetpod retrieved from https en.wikipedia.org w index.php title terrafugia & oldid 735705173 categories aircraft manufacturers of the united statescar manufacturers of the united statescompanies based in massachusettscompanies established in 2006roadable aircrafthidden categories cs1 errors external linkscs1 errors invisible characterscoordinates not on wikidataall articles with unsourced statementsarticles with unsourced statements from july 2011articles containing potentially dated statements from december 2011all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction