Terrafugia is developing the TF-X, a plug-in hybrid vertical takeoff and landing flying car. TF-X will revolutionize personal transportation. TF-X leverages the FAA's NextGen air traffic control data network to allow safe operation of our flying car with as little as five hours of training. Development and certification of the TF-X flying car is a long process. In order to prove the process, Terrafugia has developed the Transition -- the 1st practical flying car. Transition enhances the safety and convenience of personal aviation. Customers will use the Transition for recreation and personal business. They value the enhanced freedom, flexibility, and fun. The Transition fundamentally grows the general aviation market by lowering the barriers for non-pilots to learn how to fly. Terrafugia already has a $30 million order backlog.
Our product roadmap is similar to Tesla: the Transition is analogous to the Tesla Roadster -- the TF-X is analogous to the Model S.