Horizon sees sufficient capital to complete full-scale demonstrator aircraft

“This was a pivotal year across all facets of our business – design, technical testing, personnel hires, and funding,” said Brandon Robinson, CEO of Horizon Aircraft (HOVR). “Our achievements were highlighted in May 2025 by being one of the first eVTOL companies to successfully achieve forward transition flight of a large-scale prototype that uses fan-in-wing technology. This milestone lends tremendous credibility to the design of our Cavorite X7 aircraft that is expected to lead the industry in all major performance categories, including speed, range, and payload.” Horizon Aircraft CFO Brian Merker added, “With added resources from funding efforts in both fiscal 2025 and Q1 of fiscal 2026, we now have approximately $17 million of cash and sufficient capital to complete our full-scale demonstrator aircraft over the next 18 months.”