March 23, 2018 5:15 PM ET

Aerospace and Defense

Company Overview of Terrafugia, Inc.

Company Overview

Terrafugia, Inc. engages in the research, development, manufacture, and marketing of flying cars. It develops Transition, a folding-wing and two-seat roadable aircraft that is designed to fly like a light sport aircraft in the air and drive like a car on the ground. The company was founded in 2006 and is based in Woburn, Massachusetts. As of November 13, 2017, Terrafugia, Inc. operates as a subsidiary of Zhejiang Geely Holding Group Co.,Ltd.

23 Rainin Road

Woburn, MA 01801

United States

Founded in 2006





Key Executives for Terrafugia, Inc.

CEO & Director
Co-Founder, CTO & Director
Age: 42
COO & VP of Engineering
Chief Engineer
Director of Programs & Certification
Compensation as of Fiscal Year 2017.

Terrafugia, Inc. Key Developments

Terrafugia, Inc. Presents at 2018 Science and Technology Forum and Exposition, Jan-08-2018 through Jan-12-2018

Terrafugia, Inc. Presents at 2018 Science and Technology Forum and Exposition, Jan-08-2018 through Jan-12-2018. Venue: Gaylord Palms, Kissimmee, Florida, United States. Presentation Date & Speakers: Jan-10-2018, Carl Dietrich, Co-Founder, CTO & Director.

Terrafugia, Inc Announces Management Changes

Terrafugia, Inc. announced its new Board of Directors, the new Terrafugia Board of Directors will be compromised of seven individuals. Mr. Nathan Yu Ning, Geely Holding Vice President of International Business and Executive Advisor to the Board will become the Chairman of Terrafugia with three other appointees from the Geely Holding Company including Geely Holding Vice Chairman Mr. Yang Jian and Frank Li Yifan, Geely Holding Vice President of Strategic Investment and New Business, Mr. Ian Zhang, Geely Holding Deputy CFO and Director of Auditing. Chris Jaran - former Managing Director for Bell Helicopter China - has been announced as a board member and Chief Executive Officer effective immediately. Terrafugia founder Carl Dietrich will serve on the board of Directors and transition to the newly created role of Chief Technology Officer (CTO) and continue to work on the market actualization of flying car technology. Mr. Koen Bouwers, a seasoned executive, will continue to serve on the Terrafugia board as he has since 2008.

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Recent Private Companies Transactions

June 27, 2017

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