The Terrafugia flying car, created a decade ago by a handful of MIT grads, just made another huge leap toward becoming an actual product thanks to its new owner. The South China News reported that Geely, the company that also owns Volvo, agreed to acquire Terrafugia. Reports indicate Geely was particularly interested in the Terrafugia’s FAA approval last year allowing the transforming car to be certified as a light sport aircraft. The exemption means Terrafugia can create a road- and air-legal vehicle that weighs up to 1,800 pounds.
Is a Winged Volvo in Our Future?
Key Takeaways:
- Geely, the owner of Volvo, has acquired Terrafugia, a company developing flying cars, marking a significant step towards bringing their product to market.
- A primary driver for the acquisition was Terrafugia's FAA approval to certify its transforming vehicle as a road- and air-legal light sport aircraft.
- Terrafugia's models include the Transition, with folding wings for garage storage, and the more advanced TFX, which features vertical lift capabilities and a hybrid propulsion system.
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