By Evan Ackerman

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Early this year we wrote about Aerofex, a California company developing a personal hover vehicle and planning to begin selling a commercial model in 2017. Now a second company, based in the U.K., has unveiled its own plans to build a full-scale hoverbike.

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In addition to raising money from private investors, Malloy Aeronautics is taking to Kickstarter to fund its hoverbike project. The project is still getting off the ground, so to speak, so Kickstarter backers won’t be getting an actual hoverbike as reward but are promised a cool quadrotor with impressive payload capability and an unusual design (overlapping rotors and a foldable frame) …[Read more].