PAL-V stands for a hybrid of a car, a motorbike and a gyrocopter: a Personal Air and Land Vehicle or a flying car. PAL-V is an initiative of Dutch entrepreneur John Bakker. John takes the one step further. The Carver technology has been developed by another Dutchman, Chris van den Brink.
Carver One is a closed fast three wheel tilting vehicle. The first production model has been on show at the Geneva Motor Show from 7-18 March 2007. Unfortunately they had to apply for bankruptcy in 2009. Some Carvers were produced however. and Carver Technology seems having survived.
The PAL-V project is yet in its first phase: looking for investors. Not a bad idea.