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]
Company type | Public |
---|---|
NYSE: EVEX | |
Industry | Aerospace, Advanced Air Mobility |
Founded | 15 October 2020[1] |
Headquarters | São José dos Campos, São Paulo, Brazil |
Key people | Johann Bordais (CEO)[2] |
Products | eVTOLs, Urban air mobility infrastructure |
Parent | Embraer |
Website | eveairmobility.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]
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]