GraceFinance · Source-backed public company research
New Horizon Aircraft Ltd. (HOVR)
Nasdaq · Manufacturing · Aircraft
Core research established · 4/4 core data layers currently established
What New Horizon Aircraft Ltd. does
Overview We are an advanced aerospace Original Equipment Manufacturer (“OEM”) that is designing and building a next generation hybrid-electric Vertical Takeoff and Landing (“eVTOL”) aircraft for the Regional Air Mobility (“RAM”) market. Our aircraft aims to offer a more efficient way to move people and goods at a regional level, from 50 to 500 miles, help to connect remote communities, and improve our ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The product we are building is a hybrid electric 7-seat aircraft, coined the Cavorite X7, that can take-off and land vertically like a helicopter. However, unlike a traditional helicopter, for the majority of its flight the aircraft will fly in a configuration much like a traditional airplane.
Open the company story
The live GraceFinance page shows source-backed financial changes, management context, guidance, confirmed events, risks, and connected history only when the applicable evidence and relationships have been established. Missing research stays visible instead of being inferred.