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Horizon Aircraft secures $8.4 million strategic investment

New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced it has received an investment from a strategic investor (the “Investor”) and aerospace supporter, for aggregate proceeds of $8.4 million (the “Investment”). The strategic financing

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Horizon Aircraft announces shift to 7-seat hybrid electric eVTOL aircraft concept

Horizon Aircraft (the “Company” or “Horizon”) announced that the Company has improved the design of its prototype hybrid electric Vertical Takeoff and Landing (eVTOL) aircraft and is now targeting the future production of a seven-seat capacity model. Initially the Company had planned to design and produce a five-seat aircraft. However, due to positive

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