In 2006, Carl Dietrich and a few of his friends at MIT won the prestigious Lemelson-MIT Prize for their project to make a flying car. They followed up the project by establishing a company, Terrafugia (meaning “escape the earth”), on May 1, 2006. Last week, on May 5, 2013, exactly 6 years later, they have announced their flying car, the TFX, and released a video advertisement promising its availability within 8 years, at a similar price as today’s high end luxury cars (wow!!). The TFX has all you would want from a flying car – vertical takeoff & landing (no runways), 4 seats, can be driven on normal roads, a flying speed of 200mph, a hybrid engine, flies itself and can fit into a regular sized garage. It has been heralded as the world’s first true/practical flying car. Carl’s enterprising company lives by the motto “Driven to Fly”.
Check out the video – http://www.terrafugia.com/tfx-vision/