Terrafugia Inc. is developing a car that can fly, having recently completed test flights of its vehicle. The company carried out its first test flight two months prior, a flight that lasted eight minutes and reached about 1,400 feet in Plattsburgh, N.Y. It is described in the report as a six‑year‑old company. Financially, Terrafugia has taken in $1.0 million in equity as part of a $3.5 million offering. To date the company has raised about $7 million in equity. Recent federal securities filings listed three company directors: Lindsay Weaver Jr., Koen Bouwers, and Semyon Dukach.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

May 2012