This design is basically a gyrocopter built on a motorbike.
The developer says "The slim line, aerodynamic 3-wheel vehicle is as comfortable as a luxury car, but has the agility of a motorbike, thanks to its patented cutting-edge 'tilting' system. The single rotor and propeller are folded away until the PALV is ready to fly. Airborne, the PALV flies under the 4,000 foot floor of commercial air space."
"It can be driven to the nearest airfield or helipad and, because it flies below 4,000 feet, can take off without filing a flight plan. Lift is generated by the forward speed produced by the foldable push propeller on the back. The autogyro technology means that it can be steered and landed safely even if the engine fails. "
John Bakker, a Dutch entrepreneur working closely with Spark design engineering and other partners, is developing the PALV.