Terrafugia was founded in 2006 to combine driving and flying in a new and practical way. Their founding team of award-winning MIT-trained aerospace engineers and MBA’s are committed to making general aviation safer, more convenient, more fun, and more accessible.
The company was one of three award winners in the MIT $100K Business Plan Competition in 2006. That summer, they launched the company publicly at EAA AirVenture in Oshkosh, WI where they met their first angel investors and received their first refundable deposits for the Transition®.
The Transition® is a two-place, fixed wing street legal aircraft that fits in a single car garage and is designed to be flown in and out of general aviation airports. It is designed to be easy and fun to fly and is extremely simple to convert between flying and driving modes.
See more at: http://www.terrafugia.com/