Business & Tech
Woburn Flying Car Company Plans To Hire 50 By End Of Year
Terrafugia hopes that within three years you will consider purchasing one of its flying cars for $279,000.
WOBURN, MA -- Terrafugia Inc., the Woburn-based company that wants to make flying cars a reality, plans to hire 50 additional employees by the end of the year. The expansion comes after Zhejiang Geely Holding Group, a Chinese automobile conglomerate, closed its acquisition of Terrafugia. Terrafugia currently has 75 employees.
"The recent jump in staff shows our commitment to breaking ground in the emerging flying car market,” CEO Chris Jaran said in a statement. “One year ago, we had less than 20 employees. With Geely Holdings’ leadership and innovation in the automotive space, we are able to build the team we need to meet on-time deliverables.”
Terrafugia was founded by a group of MIT graduates in 2006. The company expects to deliver its first flying car with a stciker price of $279,000 within three years, according to Terrafugia's Website.
Find out what's happening in Woburnfor free with the latest updates from Patch.
Subscribe to Woburn Patch for more local news and real-time alerts.
Photo by Terrafugia.
Find out what's happening in Woburnfor free with the latest updates from Patch.
Dave Copeland can be reached at dave.copeland@patch.com or by calling 617-433-7851. Follow him on Twitter (@CopeWrites) and Facebook (/copewrites).
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
