A new hoverbike has been developed by a Japanese drone company that can fly for 40 minutes and costs $680,000.

The XTurismo Limited Edition is a drone manufactured by a firm that employs some of the same technologies in its smaller flying gadgets. It has a traditional engine as well as battery-powered motors that allow it to fly for 40 minutes at speeds of up to 100 kilometres per hour (60 miles per hour).

The device was recently demonstrated on a Tokyo racetrack to show off its capabilities. It isn't as quiet as some other electric vehicles on the market, and it isn't inexpensive. The XTurismo is priced at 78 million yen ($680,000), and the manufacturer claims that wealthy early adopters will be needed to help the hoverbike reach its full potential.

They hope that one day, rescue crews will be able to utilise them to reach difficult-to-reach locations. They also want the general public to use them to get around in their daily lives.