Eve Air Mobility

Last updated
Eve Air Mobility
TypePublic
NYSE:  EVEX
Industry Aerospace, Advanced Air Mobility
Founded15 October 2020;3 years ago (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

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]

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. [12]

Ownership and leadership

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. [13]

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References

  1. 1 2 3 4 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. ↑ "EXCLUSIVO: Embraer contrata XP para buscar sócio para Eve". Valor Econômico (in Portuguese). 15 November 2023. Retrieved 17 November 2023.
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