Japanese flying bike XTURISMO creator A.L.I. Technologies files for bankruptcy

ideal2ch / Twitter

A.L.I Technologies, the startup and creator of the $777,000 flying bike XTURISMO, has filed for bankruptcy.

The Tokyo-based company had hoped to redesign urban transport and mobility with Star Wars-inspired hoverbikes, filed for bankruptcy on January 3, 2024.

In 2022, the company launched its first hoverbike model, the XTURISMO, designed to fly a few meters above ground.

The XTURISMO flies for 40 minutes at speeds of up to 62 mph (100 km/h) using its petrol-electric Kawasaki hybrid engine.

Although the prototype provided much excitement when it launched, orders were not as rapid. On top of its price tag of $777,000, the XTURISMO required drivers to have a pilot’s license (except in Japan). 

A partner at law firm Shoosmiths familiar with administrative laws was quoted by the BBC to have cited regulatory barriers as a factor for the hoverbike to have limited use.

“Following an evaluation of the viability of other areas of the company’s business… we discontinued our non-core operations formerly carried out by our wholly owned indirect subsidiary, ALI,” the company said in its regulatory filing (Form 8-K).

author avatar
Jean Carmela Lim
Journalist[br][br]Jean is a member of AeroTime’s editorial team, working as an aviation writer and based in Manila, Philippines. Previously, she worked in operational aviation roles in Manila, Philippines and Seoul, South Korea before moving to Australia to work in corporate and government travel. In 2012, Jean established her own luxury and adventure travel blog, Holy Smithereens. She is also a contributor for World Travel Market London, one of the biggest annual events in the travel sector. She covers trends and issues in hospitality and luxury travel for a B2B market, interviewing key personalities in the industry.
Related Posts

AeroTime is on YouTube

Subscribe to the AeroTime Hub channel for exclusive video content.

Subscribe to AeroTime Hub