For many the fly car from the famous Back To The Future film franchise remains the stuff of dreams.

But a team of scientists are working hard to make that dream a reality using innovative new technology.

Amazing footage shows the progress the team have made in creating a huge 'hover vehicle' that travels across the surface without actually touching it, paving the way for a Back To The Future-like flying car.

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Amazing footage shows the progress a team of scientists have made in creating a huge 'hover vehicle' that travels across the surface, paving the way for a Back To The Future like flying car

The technology uses magnets to hover just centimeters above the surface, gliding effortlessly at speed.

Dubbed the r'Pod, advances in technology could one day see the machine travel across vast distances at immense speed, reducing the need for roads and therefore congestion.

The idea stems from the popular film franchise that sees character Marty McFly use a flying DeLorean car to travel back in time.

Amir Khan, Design and Analysis Lead at rLoop said: 'Static levitation is achieved using hover engines which are rotary halbach arrays.

'We create a relative motion between magnet and conductive surface which in turn causes change in net magnetic flux and induces eddy currents in the conductor.

'Those eddy current produce a force field which has two components. One is the lateral force which is referred to as normal force and another component is the lift force which enables the hovering.'

Dubbed the r'Pod, advances in technology could one day see the machine travel across vast distances at immense speed, reducing the need for roads and therefore congestion

Amazing footage shows the progress the team have made in creating a huge 'hover vehicle' that travels across the surface without actually touching it, paving the way for a Back To The Future-like flying car (the DeLorean from the popular franchise)

Ilyas Vali, Co-founder of rLoop said: 'I'm immensely proud that we have created this world first - a technology that we saw only in films in the eighties is becoming a reality today.

'What rLoop has demonstrated is not only the ability to make a 350kg vehicle hover above the ground, using magnets, statically for the first time.

'But it also shows that this technology is scalable and can operate outside a vacuum and outside a hyperloop tube.

'It means the potential for this technology has already exceeded it's initial remit and I'm incredibly excited about how it may be applied in the future.'