Chris Malloy, an Australian inventor is building a bike that according to him could fly and hover above the ground at low altitudes but at a high speed. It could even replace the conventional helicopters hovering over rough terrain tasked to do aerial surveys, search-and-rescue operations and missions, and cattle capture.
This futuristic bike weighs more than 240 pounds and has an experimental airspeed of 172 miles per hour. Theoretically, it could fly as high as 10,000 feet and uses regular unleaded fuel with a 7.9-gallon tank.
The proposed hoverbike would be operated by a pilot sitting between twin dual-blade propellers using motorcycle-like controls. And in case of an emergency, parachutes would be attached to the frame.
While the vehicle has not yet reached production phase, its actual price has not been firmed up. Needless to say, it would be expensive though, but still cheaper to own a chopper or an airplane.