A new hoverboard concept from ARCA SPACE CORPORATION is being prepared for shipment by April 2016 and it will set you back exactly $19,900. That’s a lot of scratch for a hoverboard and for a product that really hasn’t been tested or proven. The board looks pretty massive and uses electricity instead of magnets like other hoverboard concepts. ARCA’s full description and vision statement follows in the below quote from their YouTube video which follows immediately afterwards.

ARCA Space Corporation announced today that it has created ArcaBoard. For the first time in history, every person will be able to fly whenever they want, wherever they want. ArcaBoard represents the first revolutionary breakthrough in motion since the the bicycle, automobile and airplane.

ArcaBoard, an electric powered flying machine with 272 horsepower and 203,000 watts of installed power is the most powerful and lightest personal vehicle ever created. ArcaBoard represents total freedom of movement, total freedom of travel. ArcaBoard is a personal vehicle that can move in every possible direction including upwards. The retail price is $19,900 and is available for order now. Shipments will start April 15, 2016.

“ArcaBoard represents a revolution in motion. For the last 17 years we have developed aerospace technologies that looked to the sky. We took our knowledge and applied it to everyone’s dreams. Dreams of flying,” said Dumitru Popescu, CEO of ARCA Space Corporation.

ArcaBoard is built from composite materials, it has a length of 145x76x15 cm (57x30x6 inches) and a weight of 82 kg (180 lbs). This technology allows a person with a weight up to 110 kg (243 lbs) to be able to fly.

The vehicle is able to fly up to 30 cm (1 ft) and with speeds up to 20 km/h (12.5 mph) and the overall performance is limited by the onboard sensors. The maximum endurance is 6 minutes, but with the ArcaDock accessory the user can be back in action in 35 minutes.