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Strategic investment strengthens innovation in aviation and ensures development of the revolutionary Cavorite X7!
A Horizon Aircraft Ltd., operating in the development segment of hybrid electric vertical take-off and landing aircraft (eVTOL), announced some exciting news on December 23rd for aerospace enthusiasts.
The company secured a significant investment of $8,4 million a strategic supporter of the aerospace sector. This strategic financing will not only strengthen the balance sheet of the company, but will also provide the necessary stability in operations, governance and regulatory priorities.
CEO Comments
Brandon Robinson, CEO and Co-Founder of Horizon Aircraft, expressed his enthusiasm: “We are deeply grateful for this second investment from our strategic partner. The continued support through this second tranche of financing puts us in a solid position in terms of working capital to support our initiatives. With this commitment, Horizon Aircraft is on a firm footing, and our focus turns to the development of our full-scale hybrid eVTOL.”
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Cavorite X7 Features
O Cavorite X7, the aircraft that is under development, promises to be an innovation in the aviation sector.
With an estimated gross weight of 5.500 pounds (2.495 kg) and a projected payload of 1.500 lbs (680 kg), this aircraft must reach a top speed of 250 miles per hour (402 km/h) and an average range greater than 500 miles (800 km), counting on fuel reserves, according to the aeroin website.
Innovative hybrid technology
Unlike many aircraft in its category, the Cavorite X7 is designed with a hybrid electric power system.
After vertical takeoff, the aircraft will be able to recharge its batteries during flight, operating in a configuration similar to that of a traditional aircraft.
Thus, it is expected that after landing and completion of the mission, the Cavorite X7 will take less than 30 minutes to recharge your batteries, making you ready for the next mission.
The future of aerospace
This technological advancement represents a milestone in the aviation sector, showing how Horizon Aircraft is at the forefront of innovation in aviation.
With the strategic support received and the vision of a more sustainable future, the company positions itself as a promising leader in the electric aircraft revolution.
Horizon Aircraft Information
With a firm commitment to transforming the way we travel through the air, Horizon Aircraft continues to forge a path of innovation and excellence.
Follow the news and get ready to witness the evolution of aviation with the arrival of the Cavorite X7.
