AeroMobil is officially rolling out to buyers in 2020

Is it a bird? Is it a plane? No, it is a flying car.

It may not be quite like the Jetsons, but for over a million dollars you too can soon fly around in a car.

A Slovakian company called AeroMobil has unveiled its version of a flying car, a light-framed plane whose wings can fold back, like an insect, and is boosted by a hybrid engine and rear propeller.

AeroMobil revealed the final, commercial design for its flying car at the supercar show Top Marques Monaco on Thursday. But the vehicle won’t come cheap; AeroMobil says it will cost between €1.2 million and €1.5 million ($1.3 million and $1.6 million), with deliveries beginning in 2020.

Aeromobil’s two-seater is designed to overcome traffic jams, allow faster travel over medium distances, and make travel easier in areas with few roads.

It transforms from car mode to air in less than 3 minutes. It has around 434 miles of driving range, too, or around 466 miles of flight range operating at 75 percent of its maximum speed. Top ground speed for the AeroMobil car-plane is around 100 mph, while it can do around 224 mph while gunning it during flight.

With the flying car, AeroMobil aims to make personal transportation more efficient by offering the choice of transport on the road or in the sky – and forever putting an end to traffic jams.

AeroMobil is accepting pre-orders for its flying car, but is only producing 500 units. AeroMobil CEO Juraj Vaculik said their ultimate goal is to launch a version of the vehicle as part of a shared mobility service in the future.