Flying cars, that perennial dream for futurists that always seem to be at least five years away, may be a little closer to reality than we realize. A lot of prototypes have been showcased recently, and a lot of money is being tossed around. More people than ever seem to buy into the crazy notion that in the near future we'll be buzzing between rooftops in private, autonomous drones. Today, Munich-based Lilium Aviation announced an important milestone: the first test flight of its all-electric, two-seater, vertical take-off and landing (VTOL) prototype.

In a video provided by the Munich-based startup, the aircraft can be seen taking off vertically like a helicopter, and then accelerating into forward flight using wing-borne lift.