Japan startup targets supercar users with $700,000 hoverbike

A Japanese startup backed by soccer player Keisuke Honda hopes to persuade wealthy consumers to swap their supercar for a 77.7 million yen ($680,000) hoverbike which went on sale on Tuesday.

The "XTurismo Limited Edition" from Tokyo-based drone startup A.L.I. Technologies is equipped with a conventional engine and four battery-powered motors and promises to fly for 40 minutes at up to 100 kph (62 mph).