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Volvo’s Parent Company Geely Acquires Flying Car Startup Firm
Chinese automaker Geely, which also owns Volvo and Lotus has acquired a flying car startup company named as Terrafugia.
Chinese automaker Geely, which also owns Volvo and Lotus has acquired a flying car startup company named as Terrafugia.
Terrafugia is a private aviation company aims to produce a practical flying car or a street-legal aircraft. The plan is to develop a vehicle which can transform into an aircraft.
Terrafugia has already done several test flights on the prototype model. But the flying car requires a runway to take off unlike the other prototypes capable of vertical take off. And this flying car is not autonomous; a pilot has to be onboard to fly the vehicle.
The aircraft features a folding wing mechanism which garnered a contract for the Transformer TX. In 2013, the company announced the plans to develop a vertical takeoff prototype dubbed as TF-X. TF-X is a fully autonomous vehicle with plug-in hybrid tiltrotor.
DriveSpark Thinks!
Geely is known for buying struggling automakers around the world. The company already owns Volvo, Proton and Lotus. It will be interesting to see whether Geely will use the new tech from Terrafugia to launch flying cars.
