The team announced its international public debut in mid-2019, and has now unveiled a full-sized, fully functioning electric flying racing car – the Airspeeder Mk3.

The Mk3 is going be raced this year and Alauda Aeronautics is currently building a number of identical racing vehicles at its technical headquarters in Adelaide, South Australia, that will be supplied to teams for the first races around electronically governed courses later this year. But they won't be manned.

They are intended to serve as a flying test bed that will gather data on vehicle dynamics, performance, safety and powertrain technology to inform the design and specs of the upcoming manned Mk4 racers, so pilots will control the unmanned flyers remotely. But the company is promising spectators plenty of thrills and excitement from the 2021 Airspeeder Mk3 racing series.

"The unveiling of the world's first full-sized electric flying racing car is a landmark moment in the dawn of a new mobility revolution," said Pearson. "It is competition that drives progress and our racing series is hastening the arrival of technology that will transform clean-air passenger transport, logistics and even advanced air mobility for medical applications. The world's first electric flying car races will take place this year and will be the most exciting and progressive motorsport on the planet."