The nacelles feature steerable blades beneath which control the direction of flight.
Each propeller pair has partial overlap and when not in use they can be folded over each other to further reduce the parking footprint and make packing and transportation easier.
[2] Hoverbike is constructed from carbon fibre composite and aluminium and is powered by a petrol engine.
It can carry a 130-kilogram (290 lb) payload at a speed of 96 kilometres per hour (60 mph) and has a ceiling of 3,044 meters (9,987 ft).
Malloy Aeronautics Ltd continues to work in the area of VTOL technology and is currently building heavy lift electric unmanned logistics drones.