A startup company specializing in drones showed off its “hoverbike,” a flying vehicle that will soon be available mainly for people with a lot of money and private land on their hands.

A Japanese start-up is hoping to convince motorists to swap their cars for a $680,000 (£495,000) hoverbike. ALI Technologies' XTurismo Limited Edition went on sale in Japan, earlier on Wednesday.

ALI Technologies' hoverbike was heavily publicised - with ... nothing less than a "new method of movement". The bike went on sale in 2021 for a price of $680,000 (£534,000).

A Japanese startup launched pre-sales for a $684,000 (77.7 million yen) hoverbike on Tuesday. ALI Technologies said that its XTurismo Limited Edition hoverbike can reach speeds of up to 100 ...

(Bloomberg) -- Star Wars-inspired hoverbike maker A.L.I. Technologies Inc. filed for bankruptcy due to mounting research and development costs and slow adoption of the next-generation vehicles.