Terrafugia is a small, privately held corporation in Woburn, Massachusetts that is developing the Transition, a roadable aircraft. Their general aviation airplane is designed to fold its wings enabling it also to operate as a street-legal road vehicle. Terrafugia was founded by graduates of the Department of Aeronautics and Astronautics at the Massachusetts Institute of Technology and graduates of the MIT Sloan School of Management.

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dbpedia-owl:Company/industry
dbpedia-owl:Organisation/foundationDate
  • 2006-01-01 00:00:00 (xsd:date)
dbpedia-owl:Organisation/keyPerson
dbpedia-owl:Organisation/keyPersonPosition
  • Carl Dietrich, CEO/CTO
    Anna Mracek Dietrich, COO
    Samuel Schweighart, VP Engineering
    Richard Gersh, VP Business Development
    Col. Phil Meteer, Ret., Test Pilot
    Andrew Heafitz VP Product Development
dbpedia-owl:Organisation/locationCity
dbpedia-owl:foundationDate
  • 2006-01-01 00:00:00 (xsd:date)
dbpedia-owl:industry
dbpedia-owl:keyPerson
dbpedia-owl:keyPersonPosition
  • Carl Dietrich, CEO/CTO
    Anna Mracek Dietrich, COO
    Samuel Schweighart, VP Engineering
    Richard Gersh, VP Business Development
    Col. Phil Meteer, Ret., Test Pilot
    Andrew Heafitz VP Product Development
dbpedia-owl:locationCity
dbpprop:abstract
  • Terrafugia is a small, privately held corporation in Woburn, Massachusetts that is developing the Transition, a roadable aircraft. Their general aviation airplane is designed to fold its wings enabling it also to operate as a street-legal road vehicle. Terrafugia was founded by graduates of the Department of Aeronautics and Astronautics at the Massachusetts Institute of Technology and graduates of the MIT Sloan School of Management. Their business plan was the US$10,000 Business Venture Runner-up in the 2006 MIT $100K Entrepreneurship Competition. Terrafugia was then incorporated May 1, 2006, with much of the initial funding coming from CEO and founder Carl Dietrich's US$30,000 Lemelson-MIT Student Prize. The first round of convertible note financing began at AirVenture Oshkosh 2006 and closed December 21, 2006 raising US$258,215. Five additional rounds of convertible note financing followed. The first round of equity financing closed in 2008 and raised US$1,531,323. Another round of equity financing is planned in 2009. In October 2008, Terrafugia reported seeking reservations for airframe number 57, and a more than US$8 million backlog.
dbpprop:foundation
  • 2006 (xsd:integer)
dbpprop:founder
  • Dr. Carl Dietrich Anna Mracek Dietrich Dr. Samuel Schweighart
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dbpprop:homepage
dbpprop:industry
dbpprop:keyPeople
dbpprop:locationCity
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  • United States
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dbpprop:name
  • Terrafugia
dbpprop:reference
dbpprop:relatedInstance
dbpprop:type
  • Private
dbpprop:wikiPageUsesTemplate
rdf:type
rdfs:comment
  • Terrafugia is a small, privately held corporation in Woburn, Massachusetts that is developing the Transition, a roadable aircraft. Their general aviation airplane is designed to fold its wings enabling it also to operate as a street-legal road vehicle. Terrafugia was founded by graduates of the Department of Aeronautics and Astronautics at the Massachusetts Institute of Technology and graduates of the MIT Sloan School of Management.
rdfs:label
  • Terrafugia
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  • Terrafugia
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