Flying car developer Terrafugia is progressing on its mission to establish a viable roadable aircraft. The company (Booth N2009) was purchased late last year by China’s Zhejiang Geely Holding Group, and with this capital infusion has since expanded its Woburn, Massachusetts headquarters and opened a new research and development facility in the San Francisco Bay area, adding 105 new jobs in the process.
It is currently finishing development of a newly-enhanced prototype of its Transition, which it says will be ready for customer deliveries in 2019. “We are now ideally positioned to realize the company’s vision of creating the world’s first flying car, and are taking practical steps towards this,” noted Terrafugia CEO Chris Jaran.
This week at Heli-Expo 2018, the company unveiled its next generation concept, the TF-2, which carries a detachable pod that can carry either passengers or cargo.