A few weeks ago we looked at the broken promises of Terrafugia — a flying car company with a product that's always just two years away. Well, we've got an important update. The company is looking for just $30 million more to get their product off the ground.
And you'll never guess when they project Terrafugia's flying car will hit the market... mid-2016!
From the Boston Business Journal:
The MIT-born company has been working on two kinds of cars: the Transition, which is scheduled to be released in mid-2016 and can fly at speeds of up to 100 miles per hour at up to 10,000 feet in the air; and the TF-X, a semi-autonomous plug-in hybrid vehicle which is currently in conceptual design phase and can take off and land vertically and can fly at speeds of up to 200 miles per hour. The TF-X does not have a price tag yet and will take about 8 to 12 years before it's a reality.
Can you believe it?!?! Just two more years, guys! And then all our flying car dreams will come true!