It will strengthen Astro’s ability to pursue commercialisation and allow the visions of both Astro and Horizon to align, creating a powerhouse in the eVTOL market. The Cavorite X5 is a vertical take-off, 5 passenger, regional aircraft with patented fan-in. Ms Trompeter said: “The completed acquisition will propel the development of the Cavorite X5 forward. Astro Aerospace presents the flying prototype of the Cavorite X5. Favorite Song: Saturn Doll (based on Satin Doll) by Count Spacey and His. More than 200 test flights of an existing sub-scale prototype have been successfully completed. Favorite Beauty Parlor: The Constellation Beauty Salon.
It travels up to 500km at a speed of 450km per hr, offering significant advantages over current conventional aircraft including increased safety, lower operating costs, a reduced noise footprint, and lower carbon emissions.
Astro cavorite plus#
The hybrid-electric aircraft carries four passengers plus one pilot, and is built for operational realities such as inclement weather, traffic avoidance and low-time pilots. The Cavorite X5 is the world’s first eVTOL to fly the majority of its mission as a normal aircraft. A full-scale, certified prototype of the Cavorite X5 is expected by the end of 2024. The 1:2 prototype will be built at Horizon’s production facility in Lindsay, Ontario, and is expected to be completed by early 2022. Through Mr Robinson’s leadership, Horizon acquired private funding to build the Cavorite X5 eVTOL prototype which will now be continued by Astro through a committed investment. In a January 2021 interview with Loz Blain of New Atlas, Brandon Robinson described how the X5 grew out of the Robinsons’ concept for a hybrid-electric amphibious aircraft. In addition, the Astro product line includes single passenger, piloted multiple passenger and cargo aircraft designs. Astro’s latest investor deck touts both the Elroy and the Alta, but gives pride of place to the Cavorite X5, the long-range, hybrid-electric VTOL concept developed by Horizon.
Astro cavorite full#
Its offerings position the company as one of only a few businesses in the eVTOL space to offer both full electric and hybrid aircraft options. “Astro’s respected industry reputation and available funding, together with Horizon’s engineering and design talent, will complement its existing product lines, ALTA and ELROY, and will accelerate the development of Horizon's revolutionary eVTOL, the Cavorite X5."Īstro now has a complete product offering across both commercial and industrial applications - the company will now have three eVTOL models under development - Alta, Elroy and the Cavorite X5. He said: “This completed acquisition is a huge opportunity for both companies’ eVTOL projects to progress exponentially. Horizon co-founder and CEO Brandon Robinson has been made president of Astro Aerospace Ltd.
Ms Trompeter brings more than 16 years’ experience in mergers and acquisitions and 15 years in financial management experience to the position. Patricia Trompeter, currently a member of Astro’s board of directors has been appointed as CEO. US-based Astro Aerospace Ltd, a developer of eVTOL (electric vertical take-off and landing) aerial vehicles and drones, has acquired Horizon Aircraft Inc, a privately owned developer of advanced eVTOLs which has a facility in Ontario, Canada.
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