Eve Air Mobility is Embraer’s dedicated urban air mobility (UAM) subsidiary, originally spun off from EmbraerX (Embraer’s innovation division) to accelerate the development of electric vertical takeoff and landing (eVTOL) aircraft and comprehensive UAM ecosystem solutions.

Key Highlights:

• Public Company: Eve Air Mobility operates as an independent publicly traded company (NYSE: EVEX). [[6]]

• Aircraft Development:

  • Developing a 4-passenger eVTOL aircraft with a range of up to 100 kilometers, combining conventional fixed wings with rotors and pushers for high dispatch reliability. [[19]]

  • Successfully completed the first hover flight of its full-scale eVTOL engineering prototype in December 2025 at Embraer’s test facility in Gavião Peixoto, Brazil—a major milestone validating its aircraft architecture. [[18]]

• Recent Financing:

  • Secured $150 million in financing in January 2026 to accelerate eVTOL development and UAM ecosystem integration. [[28]]

  • Received $88 million from Brazil’s National Development Bank (BNDES) to support development of its manufacturing facility in Brazil. [[10]]

• Commercial Progress:

  • Signed a binding order with Japan’s AirX for up to 50 eVTOL aircraft (February 2026) to serve Tokyo’s urban air mobility market. [[23]]

  • Announced a Letter of Intent with Future Flight Global for 54 eVTOL aircraft at the Paris Air Show 2025. [[8]]

  • Pre-order book valued at approximately $14 billion based on current list pricing. [[14]]

• Beyond Aircraft: Eve is developing a holistic UAM solution including:

  • Vector software platform (launched November 2025) for air traffic management and fleet operations, with a Fleet Operations Module scheduled for 2026 release. [[27]]

  • Urban air mobility infrastructure and services to enable safe, scalable operations.

Eve leverages Embraer’s 50+ years of aircraft certification experience while pursuing an asset-light manufacturing strategy, positioning itself as one of the more conservatively engineered eVTOL programs in the industry.