Showing posts with label Boston Business Journal. Show all posts
Showing posts with label Boston Business Journal. Show all posts

Wednesday, June 4, 2014



By David Harris, Jun. 3, 2014, Boston Business Journal

The idea of a flying car might seem like something out of a science fiction novel, but it may soon become a reality.

All it'll take is about $30 million in funding and some patience.

Terrafugia, a Woburn manufacturer of flying cars has been working on its vehicles for almost eight years. The MIT-born company has been working on two kinds of cars: the Transition, which is scheduled to be released in mid-2016 and can fly at speeds of up to 100 miles per hour at up to 10,000 feet in the air; and theTF-X, a semi-autonomous plug-in hybrid vehicle which is currently in conceptual design phase and can take off and land vertically and can fly at speeds of up to 200 miles per hour. The TF-X does not have a price tag yet and will take about 8 to 12 years before it's a reality

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