The Japanese start-up ALI Technologies, which had hoped to reimagine urban transport with a futuristic hoverbike, has filed for bankruptcy. Its US parent company said the move was part of a ...

A Japanese start-up is hoping to convince motorists to swap their cars for a $680,000 (£495,000) hoverbike. ALI Technologies' XTurismo Limited Edition went on sale in Japan, earlier on Wednesday.

A Japanese startup launched pre-sales for a $684,000 (77.7 million yen) hoverbike on Tuesday. ALI Technologies said that its XTurismo Limited Edition hoverbike can reach speeds of up to 100 ...

(Bloomberg) -- Star Wars-inspired hoverbike maker A.L.I. Technologies Inc. filed for bankruptcy due to mounting research and development costs and slow adoption of the next-generation vehicles.

A.L.I. Technologies, the Japanese startup that unveiled a futuristic hoverbike concept, has officially filed for bankruptcy. The company cited its inability to sustain operations amid escalating ...