Horizon Aircraft CFO, Brian Merker, explains how our recent capital raise puts Horizon in a position to fully fund the completion of our Cavorite X7 prototype, and advance the program toward testing, certification and commercial production.
Horizon Aircraft Appoints Richard Alexander as Chief Engineer of Certified Programs.
Former Bombardier engineering leader will help drive the development and certification of Horizon Aircraft's next-generation hybrid eVTOL.
https://t.co/x22Xbk2Pub
Today we announced the pricing of a $25 million financing led by our largest existing U.S. institutional shareholders - a strong vote of confidence in our future.
The proceeds are expected to fully fund completion of the Cavorite X7 prototype and support advancement toward testing, certification, and commercial production.
“This financing reflects strong continued support from our existing institutional investors and further validates the strategic significance of Horizon Aircraft’s next-generation aerospace platform,” said CEO Brandon Robinson.
Read more: https://t.co/cf6sEfRn8P
This is where years of engineering begin to take physical shape! An important milestone in the build of the full-scale Cavorite X7. Receiving the propeller from MT-Propeller marks another step forward as the aircraft continues to come together.
We're pleased to announce the pricing of a $20 million public offering of common shares, supporting the continued advancement of the Cavorite X7 hybrid-electric eVTOL program.
"This financing reflects strong recognition of the strategic importance of Horizon Aircraft's cutting-edge aerospace development. We are now equipped to enhance our ability to develop world-class innovative technologies, accelerate our commercialization timeline, and attract and retain elite talent. This funding is a significant milestone as we have expanded our institutional shareholder base, demonstrating commitment and confidence in our team's ability to execute."
- Brandon Robinson, CEO.
Read the full announcement here: https://t.co/FrEd0yqcJR
@HorizonAircraft's Phil Kelly, a former harrier jump jet pilot and head carrier strike & maritime aviation spoke with @AINonline Editor-in-Chief, Matt Thurber about the Cavorite X7 and Horizon’s unique approach to hybrid-electric VTOL flight.
Not all eVTOLs are created equal.
In this clip from a recent @Stocktwits interview, Brandon Robinson breaks down a key advantage of the Cavorite X7’s hybrid design vs. fully electric machines, it comes down to energy and flexibility.
This isn’t just a new aircraft, it’s a disruptive shift in how point-to-point air travel gets done.
In this clip from a recent @Stocktwits interview, CEO Brandon Robinson highlights why the Cavorite X7 could be a game changer for missions traditionally handled by helicopters.
Today, about half of the global helicopter fleet is used for point-to-point transport, but comes with trade-offs in speed, cost, and weather limitations.
For operators, and investors, that combination points to a clear opportunity to disrupt a massive, established market.
What really drives innovation in defense aviation? Experience!
In this clip from a recent @Stocktwits interview, CEO Brandon Robinson, a former @RCAF_ARC fighter pilot, talks about missions like extracting downed pilots behind enemy lines, and how they exposed major gaps in current aircraft: high costs, complexity, and limited flexibility.
Those experiences helped shape the thinking behind the Cavorite X7, built for efficiency, reliability, and the ability to operate without traditional runways.
With new defense strategies unlocking non-dilutive funding, Horizon Aircraft is well positioned at the intersection of innovation and opportunity.
$HOVR overview and update from CEO Brandon Robinson.
Brandon appears on @RedChip to discuss how the Cavorite X7, a hybrid-electric aircraft takes off vertically, then flies 98% of its mission like a conventional airplane.
A major advantage of the Cavorite X7 over fully electric aircraft is simple: it doesn’t need to stop and charge on the ground.
Hear from Phil, Brian and Jason on how the aircraft “generates over 100 horsepower of electricity in flight,” allowing the batteries to recharge while flying, enabling multiple missions back-to-back with minimal downtime.