Joby Aviation successfully completed test flights of its electric vertical takeoff and landing aircraft between JFK Airport in Queens and Manhattan this week, demonstrating a potential new form of urban transportation that could significantly reduce travel times.

The fully electric aircraft completed the journey in under 10 minutes, a trip that typically takes much longer by ground transportation. The aircraft, which resembles a hybrid between a helicopter and a drone, is capable of speeds up to 200 mph according to the company.

Joby Aviation describes the aircraft as operating at what it calls a "premium car service" price point, though specific pricing details were not disclosed. The company emphasizes that the aircraft is designed to be quieter than traditional helicopters.

The test flights represent part of ongoing efforts to develop electric air taxi services for urban areas. The aircraft's futuristic design features vertical takeoff and landing capabilities, allowing it to operate from smaller spaces than traditional aircraft.

The demonstrations in New York come as various companies are working to introduce electric aircraft for commercial passenger service. These vehicles are designed to provide faster transportation options in congested urban areas while producing less noise and emissions than conventional aircraft.