That’s right, an Australian man named Chris Malloy has built a real-life hoverbike, and he intends to mass produce it. The production version will “be able to travel at upwards of 170 mph, and you can take it to 10,000 feet.” Click here for the first picture in gallery. Continue reading for a smoke test video — untethered flight coming soon.

…a production run of 100 a year will peg them at $40,000 each, and if 1,000 are ordered, that cost could drop to something comparable to a performance motorcycle.

[via DviceHover-Bike]