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Terrafugia is turning the dream of a practical flying car into reality. We are creating the transportation of the future today.

  • Stage Prototype Ready
  • Industry Consumer Products
  • Location United States
  • Currency USD
  • Founded May 2006
  • Employees 24
  • Website

Company Summary

Terrafugia makes flying cars that bring a new dimension of freedom, to our customers' lives. Seventy five percent of our early adopters are pilots who already know how to fly. We have worked with regulators to gradually and responsibly lower the barriers to getting more non-pilots into the air by leveraging our advanced technologies and simplified user interfaces. Terrafugia is positioned to lead the creation of a $1T flying car industry.


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    Carl Dietrich

    Carl received his BS, MS, and Ph.D. from the Aero/Astro Department at MIT. In 2000, he was recognized as the youngest of sixteen exceptional Aero/Astro graduates under the age of 35. In 2006, he was the winner of the prestigious Lemelson-MIT Student Prize for invention, and in 2009 the Boston Business Journal "40 Under 40". He is a private pilot and a member of EAA, AOPA, and ASTM committee F37 that writes the rules for light sport aircraft.

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    Anna Dietrich

    With BS and MS degrees from the Aero/Astro Department at MIT, Anna spent time at both GE Aviation and Boeing Phantom works prior to co-founding Terrafugia. She was named one of the Boston area's top 15 Innovators by the Boston Globe in and was one of the 10 women selected for the 6th annual Mass High Tech Women to Watch Award in 2009. Anna is on the Board of Directors of Women in Aviation International (WAI). She is also a private pilot.

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    Richard Gersh
    VP Bus. Development

    Dick joined Terrafugia with over 25 years of executive-level experience in all phases of financial service and insurance company operations and risk management. Dick has his MBA from the University of Massachusetts and a M.Ed. from Suffolk University. He is pursuing a private pilot license.

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    Andrew Heafitz
    VP Engineering

    Andrew is a graduate of MIT with his BS and MS in Mechanical Engineering. In 2002 Andrew was the recipient of the Lemelson-MIT Student Prize. He brings eighteen years’ experience in composite automotive construction and testing to the Terrafugia team. Andrew has designed, built, and raced light-weight composite solar cars across the Australian outback.


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    John Mutkoski, Goodwin Procter
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Previous Investors

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    Ken Morse, Co-founder 3Com, Former Managing Director, MIT Entrepreneurship Center
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    Semyon Dukach (MIT Blackjack Team -- "Busting Vegas"), CEO
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    Butch Weaver -- Qualcom, Koen Bouwers, CEO Scense|50+ others