The California-based company has announced that it will be launching its Aero-X hoverbike in 2017 at an estimated price of USD 85,000.
The company is already accepting refundable deposits of USD 5,000 on its website.
The Aero-X is designed to carry two people up to a height of 3 metres (10 feet) above the ground and reach speeds of up to 72 km/h, 'Gizmag' reported.
With carbon fibre rotors taking the place of wheels, the Aero-X will be able to take-off and land vertically without the need for a runway or forward speed, the company said.
The hoverbike is also reported to be as easy to ride as a motorcycle, as pilots will be able to use the handlebar grips, situated at knee level, to control the bike.
Drivers will only need about a weekend of training to be able to fly the bike easily, the company claims.
The bike is expected to run for about 75 minutes on a full tank of fuel, the report said.
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