New Horizon Aircraft posts investor deck outlining Cavorite X7 hybrid-electric eVTOL design, performance targets

New Horizon Aircraft Ltd. Class A

New Horizon Aircraft Ltd. Class A

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  • New Horizon Aircraft outlined plans for its Cavorite X7, a 7-seat hybrid-electric eVTOL targeting 250 mph top speed, 500-mile range.
  • Design centers on a patented fan-in-wing system using 12 electric lift fans with transforming wings for vertical takeoff and landing.
  • Program timeline targets a full-scale aircraft ready to test in early 2027, with type certification finishing in 2030 via Transport Canada.
  • Presentation cited a cash position of USD 75 million+, operating cash use of about USD 3.5 million per quarter, runway of 24+ months.
  • Stock price shown at USD 2.61; capital raised listed at USD 125 million+; headcount at 52 full-time employees.


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