System and method to construct vertical and/or short takeoff and landing (V/STOL) aerial vehicles capable of being folded into compact size, and capable of be combined with one or more such vehicles to form bigger composite aerial vehicles. Airframe of the vehicle comprises a plurality of wings on lateral or periphery of thrust generators, wherein arrangements of wings make it possible to optionally fold wings without moving thrust generators. Folding transforms such vehicles into ground vehicles which can share roads and house parking lots with conventional ground vehicles. Therefore such vehicles can be used as V/STOL flying cars. Means are provided for attaching to and detaching from one or more similarly equipped vehicles in flight or before takeoff, so that multiple vehicles can form a large composite vehicle. Compactness, combinability and V/STOL capability enable versatile applications.