Horizon Aircraft - an electric vertical take-off and landing (eVTOL) aircraft developer - commissioned a market research study that indicates a strong return by investors to small- and micro-cap companies.
"Investors are once again being drawn to smaller public companies that offer much more upside potential," Horizon CEO Brandon Robinson commented on the survey results.
Horizon commissioned PureProfile to survey 100 small and micro-cap fund managers in the US, Canada, Europe, the Middle East and Asia with collectively $82.4bn assets under management. The survey was conducted online in July 2024.
It found that 76% of respondents anticipate the level of exposure to small and micro-caps from institutional investors to increase over the next six to 12 months. Some 34% of the fund managers believe allocations could increase by around 25% or more.
Robinson continued: "In our case, offering cutting edge aerospace technology that enables a new way to move people and goods around our crowded planet is a perfect example of how smaller companies are helping to build a better, more sustainable future."
Horizon's eVTOL aircraft, the Cavorite X7, is set to be powered by a hybrid electric system. The aircraft is still undergoing testing of its large-scale prototype. Horizon is in the process of design and manufacturing of a full-scale technical demonstrator aircraft.