EVE-100 has a backlog of 2,800 orders totaling $8.6bn; company awaits ANAC certification

04/17/2024

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Daniel Moczydlower — Foto: Divulgação/Embraer

The first full-scale model of the EVE-100 electric aircraft, developed by Embraer’s Eve Air Mobility, is expected to be ready by the end of 2024. The pilot project will be used to carry out the first flight tests of the electric vertical take-off and landing vehicle (eVTOL), which is under the regulatory stage at the National Civil Aviation Agency of Brazil (ANAC).

EVE-100

The schedule was unveiled to Valor by Embraer X CEO Daniel Moczydlower on Tuesday (16) at the WebSummit event in Rio de Janeiro. Commercial operation of the eVTOL should start in 2026, the year when the company expects the certification process by ANAC to be completed.

The testing and development stage aims to provide the agency with reports and data. There is no specific regulation yet for eVTOLs, as the model is new to international aviation.

According to Mr. Moczydlower, flight tests with the pilot model of the vehicle would start by the end of this year at the Embraer factory located in the municipality of Gavião Peixoto, São Paulo.

“One of Eve’s biggest competitive advantages is that it will use the entire Embraer infrastructure. That makes us faster, with a lower development cost,” he highlighted.

The electric aircraft project was originally incubated by Embraer X and is currently being led by Eve Air Mobility, a company listed on the New York Stock Exchange with Embraer as its main shareholder.

EVE-100 has a backlog of 2,800 orders, totaling $8.6 billion. Among its customers are helicopter operators, airlines, leasing companies, and shared flight platforms from all continents in the world.

Eve Air Mobility reported that, of the total, 335 vehicles were ordered in Brazil—100 by Avantto, 50 by Helisul, 50 by OHI (Revo), 40 by FlyBIS, 25 by Flapper, and 70 by Voar. “The first lot of orders should be delivered as soon as ANAC certifies the vehicles,” said Mr. Moczydlower.

“We expect to produce few units in the first years and accelerate the pace in 2027 and 2028,” the CEO added. The first factory will be set up in Taubaté, São Paulo. The business model does not include direct sale of the aircraft to individuals. Commercial use is expected to be similar to air taxi companies, with flights of 10 to 15 minutes.

The potential of the urban air mobility market in the world is estimated at two billion passengers per year from 2030 to 2035, according to Embraer X. The company plans to democratize air transport with short-haul urban trips at affordable prices.

“We are estimating that flights could come to a price range that would not be much higher than what you would spend in a taxi stuck in traffic for two hours,” said Mr. Moczydlower.

Shared trips, the use of electric batteries, and the cost of maintenance are regarded as some advantages of Embraer’s eVTOLs. The vehicle will be fully electric and capable of transporting four passengers plus the pilot for up to 100 kilometers.

*Por Paula Martini — Rio de Janeiro

Source: Valor International

https://valorinternational.globo.com/