Introducing Hyperlapse from Instagram from Instagram on Vimeo.

Taking on the road after Bolt, Instagram, Facebook’s photo social network, has rolled out its new mobile app, called Hyperlapse, which enables iPhone owners to record tracking shots and stunning time-lapse videos. These two shooting techniques promise its users to capture high quality time lapse videos even when in motion, which are devilishly difficult to create with a smartphone.

The technology was built after the acquisition of Luma in August, last year. The original Luma app also enabled users to edit the stabilization, brightness, and other features of videos on mobile devices, after which it participated in the Y Combinator and Stanford StartX startup accelerator programs and later became Instagram’s first acquisition. Usually, such videos are created while you hold your phone or camera still while you film. This app features built-in stabilization technology that allows you to create moving and handheld time lapses with a cinematic look.

While capturing, one can choose a playback speed ranging between 1x-12x and hence save it to your camera roll. The app also allows you to share the video Instagram easily from there, provided they are up to 15 seconds long and will appear in a square format. Unfortunately, one can’t edit or add filters to the video within app.

The application is available for iOS devices, allowing to shoot a video for up to 10 minutes on an iPhone 4, or up to 45 minutes on an iPhone 5.