Horizon Aircraft and ZeroAvia Announce Plans to Explore Hydrogen eVTOL Propulsion

TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of one of the world’s first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, and ZeroAvia, a global leader in hydrogen-electric powertrains, today announced plans to work together on developing regional hydrogen-electric VTOL air travel. 

Together, the companies will cooperate on exploring zero-emission, regional eVTOL power systems with the intention to evaluate ZeroAvia’s ZA600 hydrogen-electric powertrain in the Cavorite X7, Horizon Aircraft’s unique fan-in-wing eVTOL. As well as investigating the integration of ZeroAvia’s powertrain, the partnership will accelerate research into the necessary infrastructure and certification guidelines to unlock a zero-emission pathway for Horizon Aircraft.

"We are a company that continues to focus on what is best for operators of our aircraft. We have been impressed with ZeroAvia's recent flight demonstrations of hydrogen-electric propulsion systems and the company’s traction with regulators. We are thankful for the opportunity to explore hydrogen solutions for the regional air mobility market which could develop into a viable solution to deliver clean, fast, and highly efficient air travel," said Brandon Robinson, CEO and Co-founder at Horizon Aircraft.

Val Miftakhov, Founder & CEO of ZeroAvia, said, “More and more eVTOL companies are looking to hydrogen-electric propulsion as the breakthrough that can extend range potential and durability of electric propulsion systems. Horizon Aircraft has developed an exciting application and performed successful prototype testing, and they are taking another leadership step in exploring hydrogen as a potential propulsion option for the Cavorite X7.”

The planned collaboration with ZeroAvia represents an innovative move forward for Horizon Aircraft as it considers all operational and practical technologies. The company is developing strong aerospace partnerships while building momentum towards certification and commercial readiness.

For more information about Horizon Aircraft, please visit the Company’s website or watch its innovative technology in action on the Company’s YouTube channel.

About Horizon Aircraft

Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company that is developing one of the world’s first hybrid eVTOL that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. Horizon Aircraft’s unique designs put the mission first and prioritize safety, performance, and utility. Horizon intends to successfully complete testing and certification of its Cavorite X7 eVTOL and then scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.

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Forward-Looking Statements

The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon’s industry and market size; (v) financial condition and performance of Horizon, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon; (vi) Horizon’s ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon’s Cavorite X7 eVTOL; (viii) the targeted future production of Horizon’s Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company’s public filings with the Securities and Exchange Commission (“SEC”), including the disclosures under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2024, filed with the SEC on August 15, 2024, as amended on March 17, 2025, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC and accessible at These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon does not give any assurance that Horizon will achieve its expectations.

Contacts

Investors:

Matt Chesler, CFA

FNK IR

(646) 809-2183

Media:

Edwina Frawley-Gangahar

EFG Media Relations