This hoverbike costs $680,000

The 'XTURISMO Limited Edition' can fly for 40 minutes at up to 62 mph

Japanese startup A.L.I. Technologies has been developing it since 2017

(SOUNDBITE) (Japanese) CEO OF A.L.I. TECHNOLOGIES, DAISUKE KATANO, SAYING:"We would like it to be used first by people who are very interested in new mobility. Another aim is to be used in rescue operations in disasters that have great contributions to society or to be used in areas where it is difficult for people to travel.

The company says it will start accepting orders from October 26

Delivery is planned for the first half of 2022