New Horizon Aircraft posts investor deck outlining Cavorite X7 hybrid-electric eVTOL program

• New Horizon Aircraft investor deck highlighted the Cavorite X7, a 7-person hybrid-electric eVTOL targeting 250 mph speed, 500-mile range.
• Design uses transforming wings with 12 embedded electric lift fans for vertical operations, then closes panels for conventional flight for most missions.
• Presentation showed FY2026 cash position of $78.28 million, cash used in operations of $16.49 million, capital raised of $88.19 million.
• Company roadmap targets a full-scale demonstrator ready to test in early 2027, then flight testing, with type certification tracked to 2030.
• Deck cited a patented fan-in-wing system under U.S. utility patent 11,001,377.

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