AerospaceAug 11, 2026

TERRAFUGIA

Company Profile Analysis

Book Demo Subscribe Now

Year Founded & Workforce

2005-12-31

200 Employees

Industry

Aerospace

Services

TERRAFUGIA Overview

Company Headquarters: Woburn, Massachusetts, US

Founded: 2006

Workforce: ~200

Company Working: TERRAFUGIA is a wholly owned subsidiary of Zhejiang Geely Holding Group, a global automotive group that owns several well-known international automotive brands. The company was founded by five award-winning MIT graduates and comprises a team of experienced engineers, designers, certification experts, and business professionals. TERRAFUGIA develops next-generation personal air transportation systems such as eVTOL aircraft.

Strategy

TERRAFUGIA is focused on disruptive innovations in the air transportation industry in collaboration with the FAA and US National Highway Traffic Safety Administration (NHTSA). The company aims at solving congestion and other transportation challenges with innovative technologies and regulatory solutions that are in public interest and enhance the level of safety of personal aviation.

Company Snapshot

200

Employees

2005-12-31

Founded

Woburn, Massachusetts, US

Headquarters

SWOT Analysis

Strengths

Support from parent company Zhejiang Geely Holding Group
High R&D investment

Weaknesses

Dependence on the North American market
High cost of production

Opportunities

Expansion in Asia-Pacific, the Middle East, and Europe

Threats

Intense competition from various companies such as Aurora Flight Sciences and A³ by Airbus

Product Offering

TERRAFUGIA
- eVTOL

A plan for every need

Forecast+

Get unlimited access to forecasts, charts, and company data across every research report on Wantstats.

USD49/mo

About the Author

Wantstats Research Team

Wantstats' research desk profiles TERRAFUGIA as part of our ongoing coverage of the Aerospace sector, drawing on public company data, filings, and market intelligence.

Powering the world's best teams.
From next-gen startups to established enterprises.

See our work in action

Start your data driven journey with us!

Book a Demo Now

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

TERRAFUGIA

Company Headquarters: Woburn, Massachusetts, US Founded: 2006 Workforce: ~200 Company Working: TERRAFUGIA is a wholly owned subsidiary of Zhejiang Geely Holding Group, a global automotive group that owns several well-known international automotive brands. The company was founded by five award-winning MIT graduates and comprises a team of experienced engineers, designers, certification experts, and business professionals. TERRAFUGIA develops next-generation personal air transportation systems such as eVTOL aircraft.

Starting from

$4,950