The PAL-V ONE stands for Personal Air & Land Vehicle. It’s reportedly performs like a sports car (3 wheeled motorcycle, technically) on the ground and transforms into a gyrocopter within minutes. The PAL-V can reach speeds up to 112 mph on both land and in the air. At $295,000 its not exactly the most affordable means of transportation and drivers will need a sport pilots license to operate the vehicle. Check out the video at the bottom!