Eve Holding Inc
NYSE:EVEX
Eve Holding Inc
High above the crowded streets and bustling avenues, Eve Holding Inc. envisions a future where urban air mobility takes center stage. Founded as a spin-off of the aviation giant Embraer, Eve is crafting its niche by focusing on the development and commercialization of electric vertical takeoff and landing (eVTOL) aircraft. These innovative flying machines are designed to alleviate urban congestion and offer a sustainable, time-efficient alternative to conventional transportation. Built on Embraer’s foundation and expertise, Eve leverages decades of aviation experience, which is reflected in its engineering acumen and robust relationship network within the aerospace industry.
The heart of Eve's business model lies in designing these eVTOL aircraft to be not just technologically advanced but also economically viable. The company generates revenue by navigating the intricate regulatory landscapes to secure necessary certifications and by partnering with stakeholders to build a comprehensive urban air mobility ecosystem. This includes operational leasing, charging infrastructure, maintenance services, and software solutions that facilitate seamless operation and integration into today's urban environments. Through strategic collaborations and joint ventures, Eve positions itself as a leader in the emerging market, aiming to transform airborne commuting into a mainstream solution and, thereby, creating new revenue streams in a pioneering industry.
High above the crowded streets and bustling avenues, Eve Holding Inc. envisions a future where urban air mobility takes center stage. Founded as a spin-off of the aviation giant Embraer, Eve is crafting its niche by focusing on the development and commercialization of electric vertical takeoff and landing (eVTOL) aircraft. These innovative flying machines are designed to alleviate urban congestion and offer a sustainable, time-efficient alternative to conventional transportation. Built on Embraer’s foundation and expertise, Eve leverages decades of aviation experience, which is reflected in its engineering acumen and robust relationship network within the aerospace industry.
The heart of Eve's business model lies in designing these eVTOL aircraft to be not just technologically advanced but also economically viable. The company generates revenue by navigating the intricate regulatory landscapes to secure necessary certifications and by partnering with stakeholders to build a comprehensive urban air mobility ecosystem. This includes operational leasing, charging infrastructure, maintenance services, and software solutions that facilitate seamless operation and integration into today's urban environments. Through strategic collaborations and joint ventures, Eve positions itself as a leader in the emerging market, aiming to transform airborne commuting into a mainstream solution and, thereby, creating new revenue streams in a pioneering industry.
Funding Secured: Eve raised $230 million in new funding, boosting its cash position to a record $412 million and extending its cash runway to 2.5 years.
Flight Testing Progress: The company is in the final stages of prototype testing and expects its first flight by year-end or early next year.
Production & Certification: Eve remains on track for type certification and commercial entry into service in 2027.
Order Backlog: Eve's pre-order backlog is approximately 2,800 aircraft, valued at nearly $14 billion, with additional revenue potential from aftermarket services.
Cash Burn Discipline: Cash consumption is tracking toward the low end of $200–250 million guidance for 2025, with optimization efforts ongoing.
Middle East Expansion: Eve signed an agreement with Bahrain to support eVTOL adoption, potentially starting test flights in the region in 2027 and targeting operations in 2028.
