Eve Air Mobility

Summary

Eve Air Mobility is a Brazilian subsidiary of Embraer which produces electric vertical take-off and landing (eVTOL) aircraft and urban air mobility infrastructure.[3] The company was founded on 15 October 2020.[1] EVE is a brand that was idealized by the innovation division of Embraer called EmbraerX.[1]

Eve Air Mobility
Company typePublic
NYSE: EVEX
IndustryAerospace, Advanced Air Mobility
Founded15 October 2020; 3 years ago (15 October 2020)[1]
HeadquartersSão José dos Campos, São Paulo, Brazil
Key people
Johann Bordais (CEO)[2]
ProductseVTOLs, Urban air mobility infrastructure
ParentEmbraer
Websiteeveairmobility.com

Embraer's objective with this new company is to accelerate the creation of solutions to make the Urban Air Mobility (UAM) market a reality.[1] The main project of the company is the eVTOL EVE, that concept was presented to the public on 8 May 2018, before the creation of the company.[4]

The first simulator flight of EVE was conducted by Embraer in the city of Rio de Janeiro in September 2021, with the purpose to test the future route for eVTOLs.[5] In the first months of 2022, the company was listed on NYSE priced at US$2.9 billion under the code EVEX in partnership with the American fund Zanite Acquisition Corp.[6]

On 12 December 2021, Embraer and BAE Systems announced plans to embark on a joint study to explore the development of Eve's vehicle for the defence and security market.[7] As of January 2022, Embraer signed contracts with seventeen companies for 1,735 orders of eVTOLs, valued at US$5 billion,[8] already aiming the global market leadership.[9]

On 10 February 2022, Embraer requested to National Civil Aviation Agency of Brazil (ANAC) the certification for the eVTOL EVE.[10] In 2022, the company went public on the New York Stock Exchange following the company's merger with Zanite Acquisition Corp.[11] In June 2023, Embraer announced the first production line of EVE in the city Taubaté, interior of the state of São Paulo, Brazil.[12]

As of March 2024, Embraer signed contracts with twenty-eight companies for 2,850 orders of eVTOLs, valued at US$8 billion.[13]

Ownership and leadership edit

As of November 2023, Embraer holds a 90% stake of EVE, the rest of the shares are divided between investor companies such as United Airlines, SkyWest, Republic Airlines, Rolls-Royce, and the shares listed on NYSE.[14]

References edit

  1. ^ a b c d Leonardo Guimarães (15 October 2020). "Embraer cria subsidiária para acelerar desenvolvimento de carros voadores" [Embraer creates subsidiary to accelerate development of flying cars]. CNN Brazil (in Portuguese). Retrieved 27 January 2022.
  2. ^ "EVE website". Embraer EVE. Retrieved 27 January 2022.
  3. ^ Thiago Vinholes (11 September 2021). "Conheça a Eve, a marca de carros voadores da Embraer" [Meet Eve, Embraer's flying car brand]. CNN Brazil (in Portuguese). Retrieved 27 January 2022.
  4. ^ "EmbraerX Unveils First eVTOL Concept". Embraer EVE. 8 May 2018. Retrieved 27 January 2022.
  5. ^ "Eve, da Embraer, vai testar rota para "carro voador" no Rio de Janeiro" [Eve, from Embraer, will test route for “flying car” in Rio de Janeiro]. Poder360 (in Portuguese). 16 September 2021. Retrieved 27 January 2022.
  6. ^ "Eve, an Embraer company, to List on NYSE Through Business Combination with Zanite Acquisition Corp". Zanite. 21 December 2021. Retrieved 27 January 2022.
  7. ^ "BAE Systems and Embraer to explore potential defence variants for the Eve eVTOL aircraft". embraer.com. 12 December 2021. Retrieved 27 January 2022.
  8. ^ Tatiana Bautzer (21 December 2021). "Eve, da Embraer, será listada na NYSE com valor de US$ 2,9 bilhões" [Embraer's Eve to be listed on NYSE with a value of US$ 2.9 billion]. CNN Brazil (in Portuguese). Retrieved 27 January 2022.
  9. ^ Janaina Lage (21 December 2021). "Eve terá a liderança do mercado de carro voador, diz presidente da Embraer" [Eve will lead the flying car market, says Embraer president]. O Globo (in Portuguese). Retrieved 27 January 2022.
  10. ^ Luísa Laval (10 February 2022). "Embraer formaliza à Anac pedido de registro para 'carro voador'" [Embraer formalizes request to ANAC for 'flying car' registration]. UOL (in Portuguese).
  11. ^ "Eve Holding, Inc. Announces Completion of Business Combination Between Zanite Acquisition Corp. and EVE UAM, LLC" (Press release). PR Newswire. May 9, 2022.
  12. ^ Caroline Aragaki (20 July 2023). "Embraer e Eve anunciam primeira fábrica de carro voador no Brasil" [Embraer and Eve announce first flying car factory in Brazil]. CNN Brazil (in Portuguese). Retrieved 9 November 2023.
  13. ^ "Com quase 3 mil encomendas, carro voador da Embraer passa por regulamentação na Anac" [With almost 3,000 orders, Embraer's flying car undergoes regulation at Anac]. G1 (in Portuguese). 13 March 2024.
  14. ^ "EXCLUSIVO: Embraer contrata XP para buscar sócio para Eve". Valor Econômico (in Portuguese). 15 November 2023. Retrieved 17 November 2023.