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Horizon Aircraft

AviationNasdaq: HOVRLindsay, ON

Developing the Cavorite X7, a seven-seat hybrid-electric VTOL aircraft using patented fan-in-wing technology to take off vertically then fly as a conventional fixed-wing aircraft. Has flown a 50%-scale prototype.

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About

Company site: horizonaircraft.com

Developing the Cavorite X7, a seven-seat hybrid-electric VTOL aircraft using patented fan-in-wing technology to take off vertically then fly as a conventional fixed-wing aircraft. Has flown a 50%-scale prototype.

  • Filed its FY2026 annual report in July 2026, reporting 58 employees and 66,825,837 Class A ordinary shares outstanding. sec.gov

  • Completed flight testing of a 50%-scale Cavorite X7 prototype through hover and transition to forward flight, and is assembling a full-scale demonstrator. sec.gov

  • Selected BETA Technologies in July 2026 to supply flight control computers and software for the Cavorite X7. aerospaceglobalnews.com

  • Marshall Aerospace delivered a six degrees-of-freedom flight dynamics model for the Cavorite X7 in June 2026. evtolinsights.com

  • Pre-revenue per its FY2026 10-K: "We have not yet started commercial operations", with first Cavorite X7 delivery not expected before 2029. sec.gov

  • A half-scale Cavorite X7 prototype completed hover, wind tunnel and forward-transition flight testing in 2025; the full-scale demonstrator is still being built. sec.gov

  • Its INSAT application, for a project of $10.5 million with up to 40% of costs reimbursable, succeeded in October 2025; $308,000 had been recorded as receivable by May 31, 2026. sec.gov

  • Reported $78.3 million in cash at its May 31, 2026 year-end, which it says gives more than 24 months of liquidity to complete the full-scale demonstrator. sec.gov

  • Says its first full-scale Cavorite X7 prototype is on track to begin initial testing in the first quarter of calendar 2027. Nothing full-scale has flown. sec.gov

  • Registered a $50 million at-the-market equity programme with JonesTrading in September 2026. This is capacity registered, not proceeds raised. sec.gov

  • Its 10-K targets a Transport Canada type certificate under CAR 523 Normal Category Level 2 before 2030, with no aircraft deliveries expected until 2029 at the earliest. sec.gov

  • Began wind-tunnel ice-protection testing in July 2026 with the University of Toronto. The $10.5 million is the total project size; INSAT reimburses up to 40% of costs, not the full amount. sec.gov

  • Its government funding is at different stages: the INSAT $308,000 sits in accounts receivable at 31 May 2026, the CCAA $35,000 was received during FY2026, and the DAIR $75,000 is recorded as approved. sec.gov

Products & Services

Company site: horizonaircraft.com

Products Horizon Aircraft publishes on its own site. Each card links to the page it was taken from.

Cavorite X7

Hybrid-electric VTOL aircraft

Hybrid-electric VTOL aircraft with 12 fan-in-wing lift fans that close under sliding panels for fixed-wing cruise. A half-scale prototype has flown through hover and transition; the first full-scale prototype is in assembly and has not flown.

Learn more

Partnerships

Publicly announced partnerships.

Marshall Aerospace

Delivered a six degrees-of-freedom flight dynamics and control model for the Cavorite X7 (June 2026).

Cert Centre Canada

Engaged as Applicant's Representative for Transport Canada type certification under CAR 523 Normal Category Level 2. Its 10-K also calls it the Flight Test Centre of Excellence.

RAMPF Composite Solutions

Named in July 2026 as a confirmed manufacturing partner for the Cavorite X7 main fuselage and empennage structures.

North Aircraft Industries

Named in the July 2026 manufacturing-partnership announcement as the partner for Horizon's patented wing architecture; RAMPF covers the fuselage and empennage.

V-Star Powered Lift Aviation

Non-binding letter of intent (July 2026) for five firm aircraft with options on up to 95 more. Not a booked order; no deposit had been paid at announcement.

Discovery Air Chile

Letter of intent (January 2025) under which Horizon would lease five Cavorite X7 aircraft by 2028. No value disclosed.

University of Toronto

Collaborator on wind-tunnel ice-protection testing for the Cavorite X7 under the INSAT-funded Project CRYSTAL.

MHI RJ Aviation Group

Engineering services partner announced April 2026: MHIRJ designs and optimises flight test instrumentation for the Cavorite X7.

Government & Grants

Government support actually received. Unpublished amounts are left out.

  1. Initiative for Sustainable Aviation Technology (INSAT), Government of Canada — contribution (reimbursement of eligible project costs)

    C$308.0K2025sec.gov
  2. Canadian Council for Aviation & Aerospace (non-profit sector council) — grant reimbursing co-op student wages

    C$35.0K2026sec.gov
  3. Green Fund, Downsview Aerospace Innovation and Research (DAIR) - eVTOL wing engineering funding approved, not confirmed received

    C$75.0K2024sec.gov

Recent News

  1. Jul 9, 2026Product

    Horizon Aircraft picks BETA flight control system for Cavorite X7 hybrid VTOL

    Horizon Aircraft selected BETA Technologies to supply the flight control computers and software for its Cavorite X7 hybrid-electric VTOL aircraft, supporting development, testing and certification of the programme.

  2. Jun 12, 2026Partnership

    Horizon Aircraft advances Cavorite X7 flight model through partnership with Marshall Aerospace

    Horizon Aircraft and Marshall Aerospace completed a flight dynamics and control model to support development and certification of Horizon’s hybrid-electric VTOL aircraft, working with Marshall’s Aero Engineering Services.

  3. Apr 13, 2026Partnership

    Horizon Aircraft partners with MHIRJ to develop Cavorite X7 VTOL aircraft

    Horizon Aircraft partnered with MHI RJ Aviation Group to further develop the Cavorite X7. MHIRJ engineering services will design and optimize flight test instrumentation, with the flight test programme anticipated to start in early 2027.

  4. Feb 6, 2026Product

    Horizon refines Cavorite X7 prototype configuration

    Aviation Week reported from the Singapore Airshow that Horizon Aircraft is simplifying the configuration of its full-scale fan-in-wing Cavorite X7 hybrid-electric VTOL prototype, assembly of which is underway, compared with the 22-ft-wingspan subscale demonstrator that used 14 lifter units.

  5. Jan 23, 2026Product

    Horizon Aircraft unveils key advances for its full-scale Cavorite X7 hybrid-electric VTOL aircraft

    Horizon Aircraft shared technical updates on the full-scale Cavorite X7, following the May 2025 transition flight of its large-scale prototype that validated its patented fan-in-wing technology. The refined design was developed with mobility designer Andrea Mocellin.

People

Sourced from the company's own pages or announcements.

E. Brandon Robinson

Co-Founder & Chief Executive Officer

E. Brian Robinson

Co-Founder & Chief Aircraft Architect

Tom Brassington

Chief Technology Officer

Brian Merker

Chief Financial Officer

Technology Focus

Company site: horizonaircraft.com

Terms the company uses about its own work.

Hybrid-electric eVTOLFan-in-wing technologyCavorite X7Regional Air MobilityFlight into known icingLight composite manufacturing

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