Horizon Aircraft receives a $2 million grant for Project CRYSTAL, a $10.5 million effort to develop an all-weather eVTOL system. The project, in collaboration with 3C and the University of Toronto, aims to create a vertical propulsion system for safe operation in icing conditions. Horizon’s CEO highlights the potential environmental impact, with the company reporting $17 million in cash for aircraft development. A partnership with Pratt & Whitney Canada for engine integration marks progress towards sustainable aviation. HOVR stock trades 3.88% higher on NasdaqCM at $2.6801.

Read more at Nasdaq.: Horizon Aircraft Secures $2 Mln Grant To Advance All-Weather EVTOL Development