The footage shows a prototype of what looks like a passenger copter which also resembles a flying car.
The vehicle, which has a crew of one, is equipped with eight blades, which are installed along the perimeter of the copter and run on battery power.
Changing direction can be achieved by altering the inclination of the "flying car" with the help of control joysticks installed directly in front of the one and only passenger seat.
The maiden flight was performed in the presence of Sergey Chemezov, head of Rostec, a Russian state corporation dealing with the development, production and export of hi-tech industrial products for civil and defense sector.
The company was formed in August 2013 when the manufacturers Izhmash and Izhmekh were merged and formally renamed after the well-known Soviet assault rifle.