The flying vehicle will be able to take off and land from grass surfaces as well as asphalt and will travel at roughly 124 mph while in the sky.
“We are now scaling up quite fast, building the team, and the plan is that in 2017 we’ll be able to announce… the first flying roadster. The point is not only to showcase that it’s possible to marry together a plane and a car, but to really commercialize it,” Co-Founder and CEO Juraj Vaculik told CNBC.
Mechanically the car is ready to go now, but the company said that they will spend the next two years working out regulatory issues, which they are certain they will overcome.
The first model is expected to cost hundreds of thousands of dollars, but it is likely that the price will be driven down as the technology becomes more common.
The AeroMobil prototype was on display at last week’s SXSW festival.
Check out the most recent promotional video for the AeroMobil 3.0 below:
John Vibes writes for True Activist and is an author, researcher and investigative journalist who takes a special interest in the counter culture and the drug war.