# New Horizon Aircraft Ltd. (HOVR)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Price:** $2.07 (-8.41%)

> New Horizon Aircraft Ltd. is an aerospace company developing hybrid-electric vertical takeoff and landing aircraft for regional transportation. The company's primary product is the Cavorite X7, a six-passenger aircraft featuring a patented HOVR wing design that combines electric fans for vertical takeoff and landing capabilities with a turboprop engine for conventional forward flight. This hybrid power system enables extended range and speed performance compared to traditional electric aircraft while reducing fuel consumption. The Cavorite X7 accommodates one pilot and up to six passengers with substantial cargo capacity, making it suitable for regional air mobility applications. The aircraft incorporates an onboard generator for self-charging capabilities and represents a bridge technology toward fully electric aviation as battery technology advances. Headquartered in Lindsay, Ontario, and publicly traded on the Nasdaq exchange, New Horizon Aircraft focuses on transforming regional transportation through innovative aerospace solutions designed to serve businesses, communities, and environmental sustainability goals.

Financial data not yet available for this company.

Source: [CompaniesByCap](https://companiesbycap.com/company/HOVR)