Styled like a sports coupe, the bizarre hybrid – which has four wheels and two wings – builds speed along a runway before lifting into the air.
Stefan Klein, founder of Klein Vision, said AirCar 'fulfills a lifelong dream' to bring passenger flight 'into the hands of everyday people'.
'With the launch of our production prototype, we are one step closer to transforming how the world moves – merging the road and the sky into a new dimension of personal mobility,' he said.
Klein Vision estimates the vehicle will go on sale in the first three months of 2026 – but it won't come cheap.
A company spokesperson told MailOnline that the vehicle will start at $800,000 (£600,000) but could go up to $1 million (£750,000) depending on specs.
Following successful test flights, Klein Vision said the latest version of is AirCar prototype is now being worked on and tested.
But new promo images give an idea of what 'AirCar 2' will look like when it performs its first flight, due to happen in September.
AirCar traverses about 980 feet (300 metres) of runway space reaching speeds up to 124mph but has a cruising speed of 155mph once in the air.
It runs on regular petrol-pump fuel and can carry two people to a maximum altitude of 18,000 feet thanks to a propeller between the fuselage and tail.
Although powered by petrol, AirCar will go electric 'as soon as the energy density of the batteries is good enough', co-founder Anton Zajac told The Next Web.
When it does go on sale, AirCar will be suited for leisure trips or as a commercial Uber-style taxi service, its developers say.
At the touch of the button, the pilot can unfold and release two wings in preparation for take-off in the space of two minutes, which are safely refolded and stored in the body of the vehicle upon landing.
Last year, KleinVision completed the first passenger flight of AirCar with none other than French musician Jean-Michel Jarre on board.
While seated in the quirky hybrid vehicle, Jarre and a pilot travelled around two miles in the space of 10 minutes over Piešťany Airport in Slovakia.
Jean-Michel Jarre, a pioneer in the electronic and ambient music genres, described the experience as like being in a 'Jules Verne book' – a reference to the 19th century novelist known for sci-fi works including 'Around the World in Eighty Days'.
'One second you speak to the driver, and next, you are up there in the air – an amazing experience,' Jarre said.
Also last year, James May, former host of Top Gear, visited Klein Vision and witnessed the AirCar in action at an international airport in Slovakia
And in the UK, £20 million of government funding has been allocated for the Civil Aviation Authority (CAA) to make flying taxis a reality.
Last week, Mike Kane, the UK government's Transport Minister, said there will be flying taxis over British skies in just three years' time – with the first piloted flying taxi flight by 2026.
So if you purchase the AirCar, it might not be authorised to fly in the UK by next year.
According to Morgan Stanley, the global market for flying cars is expected to hit $1 trillion in 2040, before jumping to a whopping $9 trillion in 2050.
Widespread adoption of flying vehicles will make use of the vast empty space in the air while greatly reducing congestion on roads.
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