Three companies in the Czech Republic have teamed up to make an awesome bicycle capable of flying.

For now, the bike is still in development and controlled remotely, but its designers hope that it will eventually be piloted by the rider.

At present the bike is only capable of 5 minutes' flight before it must be recharged, but designers believe that will change.

"Because the capacity of batteries doubles about every ten years, we can expect that in the future the capacity would be enough for the bike to used for sports, tourism or similar things," said Milan Duchek, the technical director of Duratec Bicycles.