{"id":"d2a66248-23b2-482e-a898-95a4ae84ef20","name":"Horizon Aircraft","slug":"horizon-aircraft","description":"Canadian eVTOL company headquartered in Toronto, Ontario, developing the Cavorite X7 — a 7-seat hybrid-electric VTOL aircraft using patented HOVR fan-in-wing technology. The X7 takes off vertically on electric motors, then wings conceal the fans and it transitions to gas-powered forward flight at twice the speed of a helicopter. [Horizon](/companies/horizon-robotics) Aircraft went public via SPAC merger in 2024 and is listed on NASDAQ as HOVR. Large-scale prototype is flying. Missions: medevac, search & rescue, business travel, critical cargo, remote communities, defense ISR. $17M cash on hand as of fiscal 2026.","status":"active","founded":0,"hq":"Toronto, Ontario, Canada","hqLat":43.6534817,"hqLng":-79.3839347,"hqGeocodedAt":"2026-08-23T21:05:47.491Z","hqAddress":null,"hqPrecision":null,"website":"https://www.horizonaircraft.com","fundingTotal":null,"type":"hardware","roles":["robot_maker"],"reviewStatus":"reviewed","heatIndex":54,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://en.wikipedia.org/wiki/Horizon_Aircraft","title":"Horizon Aircraft - Wikipedia","sourceName":"Wikipedia"},{"url":"https://www.horizonaircraft.com/the-aircraft/","title":"The aircraft","sourceName":"Horizon Aircraft"},{"url":"https://www.horizonaircraft.com/horizon-aircraft-announces-shift-to-7-seat-hybrid-electric-evtol-aircraft-concept/","title":"Horizon Aircraft Announces Shift to 7-Seat Hybrid Electric eVTOL Aircraft Concept","sourceName":"Horizon Aircraft"},{"url":"https://www.horizonaircraft.com/wp-content/uploads/2025/10/Cavorite-X7-Brochure.pdf","title":"Cavorite X7 brochure","sourceName":"Horizon Aircraft"}],"keyFacts":[{"label":"Products","value":"Cavor X7 hybrid-electric eVTOL"},{"label":"Ticker","value":"NASDAQ: HOVR"},{"label":"Cash","value":"$17M (fiscal 2026)"},{"label":"Technology","value":"Patented HOVR fan-in-wing — electric VTOL, gas-powered cruise"},{"label":"Certification","value":"First fan-in-wing VTOL flight completed"},{"label":"Cavorite X7 configuration","value":"Horizon Aircraft describes the Cavorite X7 as a hybrid-electric VTOL aircraft designed for one pilot and six passengers, with a fan-in-wing HOVR configuration ([The aircraft](https://www.horizonaircraft.com/the-aircraft/)).","sourceUrl":"https://www.horizonaircraft.com/the-aircraft/"},{"label":"Conventional-flight transition","value":"Horizon says the Cavorite design combines vertical takeoff and landing with conventional forward flight through its hover-wing architecture ([Seven-seat hybrid-electric eVTOL concept](https://www.horizonaircraft.com/horizon-aircraft-announces-shift-to-7-seat-hybrid-electric-evtol-aircraft-concept/)).","sourceUrl":"https://www.horizonaircraft.com/horizon-aircraft-announces-shift-to-7-seat-hybrid-electric-evtol-aircraft-concept/"},{"label":"Published X7 performance targets","value":"Horizon lists an intended 800-kilometer range and 680-kilogram VTOL payload for the Cavorite X7 in its product brochure ([Cavorite X7 brochure](https://www.horizonaircraft.com/wp-content/uploads/2025/10/Cavorite-X7-Brochure.pdf)).","sourceUrl":"https://www.horizonaircraft.com/wp-content/uploads/2025/10/Cavorite-X7-Brochure.pdf"}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-17T18:07:53.933Z","updatedAt":"2026-09-29T22:13:41.620Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/horizon-aircraft","url":"https://registry.deploy.report/companies/horizon-aircraft","name":"Horizon Aircraft","description":"Canadian eVTOL company headquartered in Toronto, Ontario, developing the Cavorite X7 — a 7-seat hybrid-electric VTOL aircraft using patented HOVR fan-in-wing technology. The X7 takes off vertically on electric motors, then wings conceal the fans and it transitions to gas-powered forward flight at twice the speed of a helicopter. [Horizon](/companies/horizon-robotics) Aircraft went public via SPAC merger in 2024 and is listed on NASDAQ as HOVR. Large-scale prototype is flying. Missions: medevac, search & rescue, business travel, critical cargo, remote communities, defense ISR. $17M cash on hand as of fiscal 2026.","identifier":"d2a66248-23b2-482e-a898-95a4ae84ef20","address":"Toronto, Ontario, Canada","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":4,"primary_source_types":["knowledge-base","secondary-established-publication"]}}}