Eve Air Mobility
Brazilian eVTOL developer spun out of Embraer, building a four-passenger electric air taxi with a global airline partnership network.
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Eve Air Mobility
Eve Air Mobility is a Brazilian eVTOL company that was incubated within Embraer before spinning out as an independent public company in 2022. Eve is developing a four-passenger electric air taxi and an urban air traffic management software platform. The company leverages Embraer’s aerospace engineering resources through a service agreement, giving it access to certification experience and manufacturing capability that pure startups lack. Eve is headquartered in Melbourne, Florida, with operations in Sao Paulo.
Key Products
- Eve eVTOL - Four-passenger electric air taxi with a conventional fixed-wing design and lift rotors, targeting a range of approximately 60 km and cruise speed of 240 km/h. Designed explicitly for simplicity and low maintenance cost.
- UATM Software - Urban air traffic management platform for coordinating eVTOL fleet operations, sold as a separate product to operators and cities.
Business and Funding
Eve went public via SPAC merger with Zanite Acquisition Corp in May 2022, trading on NYSE under EVEX. The company raised approximately $307M through the transaction. Embraer retains a significant ownership stake. Eve has secured over 2,800 conditional pre-orders from more than 25 operators across six continents, including United Airlines, SkyWest, and Azul Brazilian Airlines. The company is pre-revenue on aircraft; some software-related development revenue exists through Embraer’s service agreement.
Why It Matters
Eve’s Embraer lineage is a structural advantage in a sector where most competitors are building aerospace capability from scratch. Embraer has certified aircraft with the FAA and ANAC before; Eve can draw on that institutional knowledge directly. The company’s explicit focus on low acquisition cost and simple maintenance - rather than top-end performance - targets the operator economics problem that will determine whether urban air mobility scales beyond demonstration projects. Its order book breadth across regions makes it one of the better-positioned non-US eVTOL companies for eventual commercial deployment.
