"The arena's first flying vehicle that you may purchase has been unveiled on the geneva global motor display in switzerland the days ate not far when people will own their private flying cars,"
The firm claims the two-person vehicle has a top road speed of about 100 miles per hour (mph) while it can reach 112 mph in the air. With a maximum altitude of 11,000 feet, the air range is estimated to top out at around 350 miles.
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Transforming from road to air isn't quite as simple as pushing a button, requiring manual intervention, but Pal-V claims this can be done in less than 10 minutes.
The first limited edition model will retail at an expected 499,000 euros ($621,500) with only 90 available for sale. Thereafter a "Liberty Sport Edition" will be available for an expected price of 299,000 euros.