TERRAFUGIA | Wantstats

Company ProfileStandardSep 28, 2026

TERRAFUGIA

Company Profile Analysis

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Year Founded & Workforce

2006

200 Employees

Industry

Aerospace

Services

eVTOL

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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

2006

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

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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.

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