PAL-V EUROPE NV (Personal Air and Land Vehicle) is a Dutch company who are developing a roadable aircraft, the PAL-V ONE.
The PAL-V ONE in flight is an autogyro or gyrocopter, with a foldable pusher propeller providing forward thrust and a free-spinning rotor providing lift. Directional stability is provided by twin boom-mounted tailfins.
It has a tricycle undercarriage with relatively large wheels.
On the ground, the propeller and rotor are stopped and power is diverted to the wheels, allowing it to travel as a three-wheeled car. Unusually, it leans into turns like a motorcycle, a solution pioneered by the Carver vehicle, also produced by a Dutch company.
PAL-V ONE landing
PAL-V ONE prepared for driving
PAL-V ONE on the road
The PAL-V One has two seats and a 160 kW flight certified gasoline engine, giving it a top speed of 180 km/h (112 mph) on land and in air, and a Maximum Takeoff Weight of 910 kg.
A prototype model has been test flown in 2012. The company is seeking funds to develop the type for production. Estimated unit price in 2012 was around $300,000.
In May 2014 the manufacturer announced the flying car will be taken in production, with an exclusive limited edition 45 units at 500,000 euro each, with orders being taken from later that year, and first deliveries in 2016/2017.