This document presents a 5-level three-phase cascaded hybrid multilevel inverter. It consists of a standard 3-leg inverter with an H-bridge connected in series to each leg, using separate DC voltage sources of 24V and 48V. The control signals are generated using a FPGA controller with PWM modulation. A simulation model was developed in PSCAD/EMTDC. Experimental results show the output voltages have 5 levels with THD between 15.6-18.3% and the output currents are close to sinusoidal with THD between 2.7-4.2%. The hybrid multilevel inverter topology reduces the number of switches and capacitors compared to other multilevel inverter structures.