Our next article included a video of the public demonstration of The Transition® in action. Click here to review the article and/or view the video of the demonstration.
Once testing and approvals are complete the next phase will be manufacturing and delivering on the existing backlog of orders. Although the future of Terrafugia is dependent on their ability to reach the production phase of The Transition® they have already started to map out the next generation of “Flying Cars”. So what comes after The Transition®? Introducing the TF-X; the following video brings the vision to life.
The future looks exciting but as with any startup until they get to the point where production lines are operating for The Transition®, generating revenue, the risk is significant. Terrafugia is a privately held company and is not traded on any public stock exchange. At this time, the SEC requires that all investors in Terrafugia must meet the definition of an accredited investor. Detailed information is only available to those who certify they are accredited investors. Information can be requested here.
The Transition® is targeted toward a niche market. One still must drive it over to the local airport to take flight and the Transition provides a flexibility that cannot be matched with a separate car and airplane. The TF-X™ would appeal to a much wider audience. According to the company website development of TF-X™ is expected to last 8-12 years.