Horizon Says New SPAC Deal Will Fund Development of New Cavorite X7 eVTOL Demonstrator
After combining with Cayman Islands-based special purpose acquisition company Pono Capital Three, Horizon Aircraft will be reincorporated in British Columbia.
Horizon Aircraft is developing a hybrid-electric eVTOL vehicle called the Cavorite X5.
Horizon Aircraft is expanding the size of its Cavorite eVTOL aircraft with a new technology demonstrator designated as the X7. (Image: Horizon Aircraft)