Designs and builds hybrid-electric vertical takeoff aircraft (the Cavorite X7) for regional air taxi and transport markets—think Uber but with planes that don't need runways.
No revenue reported across three years of data. Company is pre-commercial, burning CAD 0.03B in operating losses (fiscal 2026) with no sales to offset R&D and development costs.
None visible. The company has no revenue, no customers, and no defensible position yet. eVTOL is crowded (Joby Aviation, Lilium, Archer) with better-funded competitors racing the same regulatory approvals and market entry.
Key events, in time order
Q4 results confirm $78.3M cash; Cavorite X7 moves to full-scale construction
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