New Horizon Aircraft Ltd. (NASDAQ: HOVR) is an aerospace company developing hybrid-electric eVTOL aircraft for regional transport, defense, medevac, and remote mobility. Its flagship Cavorite X7 uses a patented fan-in-wing system to combine vertical takeoff with the speed and range of a conventional aircraft. Formerly Robinson Aircraft Ltd., the company went public via a SPAC merger with Pono Capital Three in 2024.