New Horizon Aircraft is positioning itself to emulate Tesla's success as a company at the forefront of a new era in aviation, dedicated to revolutionizing air travel through innovative and sustainable tech.
Founded in 2013 by a father-and-son team with extensive flying experience, Horizon Aircraft's team of elite aerospace engineers is developing a hybrid eVTOL aircraft called the Cavorite X7. This aircraft uses a patented fan-in-wing design that lets it take off and land vertically like a helicopter but reconfigure en route to fly like a traditional aircraft.
Founded in 2013 by a father-and-son team with extensive flying experience, Horizon Aircraft's team of elite aerospace engineers is developing a hybrid eVTOL aircraft called the Cavorite X7. This aircraft uses a patented fan-in-wing design that lets it take off and land vertically like a helicopter but reconfigure en route to fly like a traditional aircraft.
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00:00The success of Tesla can be attributed to numerous factors, not least its groundbreaking
00:06innovation, market disruption, and commitment to sustainability.
00:11Just as Tesla has redefined the automotive industry, an emerging player seeks to do the
00:16same for the aviation industry.
00:18As the world looks to the skies for the next transportation revolution, New Horizon Aircraft
00:23— NASDAQ HOVR — could be set to be a game-changer for aviation with its hybrid electric vertical
00:29takeoff and landing — EVTOL — aircraft.
00:33New Horizon Aircraft is positioning itself to emulate Tesla's success as a company
00:37at the forefront of a new era in aviation, dedicated to revolutionizing air travel through
00:42innovative and sustainable tech.
00:44Much like Tesla, Horizon is continually innovating and developing new technology for its aircraft
00:50design.
00:51In contrast to many other EVTOL aircraft, the Caverd X7 uses a hybrid electric main
00:57power system, which means it can recharge its battery array mid-flight and post-flight.
01:02Horizon says that this hybrid electric system, coupled with its patented fan-in-wing design,
01:07allows the Caverd X7 to go faster and farther and carry more useful load than its competitors.
01:13According to the company, the X7 will have a maximum range of 500 miles, a maximum useful
01:19load of 1,500 pounds, and a top speed of 250 miles per hour.
01:26Horizon is also innovating with advanced autonomy and control systems that aim to make
01:30flight operations safer and more efficient.
01:33The company's technical innovations will not only allow precise control during takeoff,
01:38landing and flight, but also pave the way for a fully autonomous EVTOL in the future,
01:43pending regulatory acceptance.
01:46In line with its vision, sustainability is a key aspect of Horizon's design philosophy.
01:51The Caverd X7's hybrid electric system reduces fuel consumption, meaning it can operate with
01:57up to 30% less hydrocarbon emissions than conventional aircraft performing similar operations,
02:03according to the company.
02:04Furthermore, as battery technology continues to advance, the Caverd is expected to become
02:10fully electric, which will further reduce its environmental impact.
02:14Additionally, Horizon says its aircraft could bring costs down some 30% even compared to
02:20a helicopter carrying out a similar regional transport mission, and at twice the speed.
02:26With the growing need for efficient and sustainable mobility solutions, EVTOL aircraft have the
02:31potential to transform urban mobility.
02:34With a wing design that allows it to fly farther, Horizon's Caverd X7 sets itself apart from
02:40other EVTOL aircraft as it is also ideal for regional air mobility, RAM, short-haul travel
02:46connecting regions that are underserved by traditional airline routes.
02:51This capability means Horizon could be poised to capitalize on a global RAM market that
02:56is expected to grow to $115 billion by 2035.
03:01In addition to passenger travel for the RAM market, Horizon expects the X7's uses to
03:06range from medical evacuation to natural disaster response, emergency surveillance, and search
03:11and rescue.
03:13The potential for a transformative shift in the aviation industry is immense.
03:18Just as Tesla reshaped the automotive landscape, Horizon Aircraft has the opportunity to do
03:22the same for aviation.