US-based flying-car developer, Terrafugia which operates under Chinese automakers Zhejiang Geely Holding Group has opened up bookings for its first line-up of products.

The two-seat aircraft, christened as Transition, can switch between driving and flying modes in less than a minute. Deliveries of the model are scheduled to begin next year, Terrafugia said.

As a part of its initial stage, the models are planned to be sold only in the US and the company is yet to disclose the pricing. The Transition features foldable wings and can fly up to a speed of 160kph with the help of a four-cylinder turbocharged petrol engine. It also supports a hybrid-electric powertrain while on the ground.

The company also plans on displaying the concept of its second product this month which is expected to hit the markets by 2025. Reports suggest that it will be capable of vertical take-off as well as landing.

Based out of Woburn, Mass, Terrafugia was founded in 2006 by a group of MIT alumnus. It was occupied by Geely in 2017 and has quickly joined the list of several companies pursuing flying car technology.

Other auto giants which have portrayed their interest in the aerial tech included Audi and Airbus which demonstrated a mobility concept based on an ultralight, two-seater passenger cabin that can be attached to a car or a drone.