
The Airspeeder is the future of racing, combining F1 cars and drone racing.

The low altitude quadcopter aircraft has been designed by Australian start-up Alauda Racing.

The electric powered Airspeeder will participate in a competitive racing league.

It has been conceived and designed over two years by tech and space entrepreneur Matt Pearson.

"We've merged an F1 car with a racing drone and turned it into something completely new," Pearson tells CNN's Supercharged.

"It's easier to build a hovering, flying car. What we wanted to do is race and when you want to race, you need an enormous amount of power very, very fast."

Powered by lithium ion batteries, the Airspeeder will reach speeds of over 200kmph.

The wooden propellers, the removable 50-megawatt electric motors (equivalent to 80 wall sockets), and the aluminum frame are all designed by Alauda.

The vehicles will also have sensors to prevent collisions and airbags to protect pilots.

The new racing series is scheduled to start in 2020/21 and has chosen a circuit race format -- like Formula One.

The Airspeeder will feature at Goodwood Festival at the FoS Future Lab.