New Horizon Aircraft posts investor deck outlining Cavorite X7 hybrid-electric eVTOL program

New Horizon Aircraft Ltd. Class A

New Horizon Aircraft Ltd. Class A

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  • New Horizon Aircraft investor deck outlined its Cavorite X7 hybrid-electric eVTOL concept, targeting 250 mph speed, 500-mile range, all-weather operations.
  • Design centers on a patented fan-in-wing system with 12 electric lift fans and transforming wings, shifting to conventional fixed-wing flight for most missions.
  • Financing snapshot showed cash position of $19.67 million in YTD FY2026, versus $7.55 million in FY2025 and $1.82 million in FY2024.
  • Cash used in operations totaled $11.79 million in YTD FY2026, versus $9.31 million in FY2025; capital raised reached $24.73 million, versus $15.19 million.
  • Program timeline pointed to a full-scale aircraft ready to test in early 2027; certification track shown as flight testing in 2027 through type certification by 2030.


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