Eve, Embraer's electric vertical take-off and landing vehicle company, has already brought together around 40 partners and already has orders for around 2 units of electric flying vehicles.
Eve is increasing its partnerships to be able to complete its audacious project of vehicles flying vehicles from the year 2026. After a new order announced this Tuesday, the 19th, the company controlled by Embraer already has orders for more than 2 units of electric flying vehicles and approximately 40 partners.
The non-binding letter of intent with Embraer and BAE Systems presented this Tuesday, the 19th, foresees an order with a potential of up to 150 eVTOLs. The purpose is “to analyze the application of aircraft for the defense and security market”. The potential order will be added to Eve's current backlog of 1.910 eVTOLs.
On Monday, Eve declared the signing of a letter of intent with Halo Aviation, a company specializing in private travel services in urban air mobility, for the production and launch of an urban air traffic management software for Eve.
Eve already accumulates partnerships and orders for her flying vehicle project
According to co-CEO of Eve, Andre Stein, the partnerships have great relevance to provide a thriving market for urban flying vehicles (UAM, its acronym in English). "Eve's portfolio of solutions also embraces the complexity of UAM networks, which require holistic and integrated services across the entire ecosystem, bringing together the parties that have an interest in maintaining and improving security, improving performance and decreasing operational costs", says the executive in a note.
The partnerships of the company Eve, subordinate to embraer, to get the flying vehicle project off the ground, there are already a total of nearly 40 investors, according to data exposed by Eve. Among the partners are helicopter operators, lessors (aircraft leasing companies), companies that operate with renewable energies, fixed-wing operators, developers of “vertiports” (place destined for the operation of eVTOLs), among others.
Eve was recently listed on the New York Stock Exchange through a business combination with Zanite, a US-based special purpose acquisition company (Spac) focused on the aviation industry. Embraer remains the majority shareholder of the startup.
Eve will be able to take advantage of Embraer structures to develop flying vehicles
In a recent interview with the Broadcast website, Eve's co-CEO, Stein, reported that Eve has a relevant differential: access to Embraer's engineering, which will assist in the production of flying vehicles, as well as help in the manufacturer's experience. in the certification of aircraft development. With this, Eve will be able to use Embraer's structures to continue the project of your flying vehicles.
Sector may not be profitable due to the popularity of the proposal
As noted by Citi transportation analyst Stephen Trent, the flying vehicle market is promising, but expectations for the business have greatly diminished, globally, over time. "It's a big bet on something that won't generate cash for years," said the analyst to Broadcast.
He also claims that the flying vehicle sector still depends on regulation. “Embraer has a good track record of obtaining certifications in Brazil and Europe for commercial aircraft and executive jets, but new technologies, mostly automated, will depend on regulators. I'm not saying it won't happen, but there are some steps to be taken before we get there”, Trent assesses.
