Geely acquires flying car start-up Terrafugia

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There has been a huge spike of interest among many with respect to flying cars. Latest reports suggest that Uber and Airbus are already working on it. Big car makers have been absent in this regard, but now everything is changed. Volvo parent Geely has jumped on the bandwagon of flying cars by acquiring Terrafugia. Terrafugia are a start-up company which deals with flying cars. Not much is known about the transaction between Geely and Terrafugia, but according to report by The Detroit Bureau, they are leaders in the industry.

Terrafugia TF-X Geely acquires flying car start-up Terrafugia

Terrafugia Transition has logged in many hours, so they know how things are done. Terrafugia Transition made its debut way back in the year 2012 at New York Auto Show. It was dubbed as world’s first practical flying car. It was designed in such a manner that it could be driven on the road and also as light sport aircraft in air. When it is airborne, it can cruise at 105 mph and has the top speed of 115 mph. When it’s driven on road, it has an average speed of 65 mph which is quite slow.

Geely acquires flying car start-up TerrafugiaGeely acquires flying car start-up TerrafugiaGeely acquires flying car start-up TerrafugiaGeely acquires flying car start-up Terrafugia

The two-seater flying car runs on premium unleaded gasoline and has been designed to fit into a single car garage. To adjust this flying car, the wings are automatically retracted and deployed under a minute. They are also working on the advance TF-X which has hybrid four-seater. It can fly itself automatically and can takeoff and land vertically. Geely plans for this flying car is still a huge mystery. However, extra funding would be a great boon for them.

Geely acquires flying car start-up TerrafugiaGeely acquires flying car start-up TerrafugiaGeely acquires flying car start-up TerrafugiaGeely acquires flying car start-up Terrafugia

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