Eve Air Mobility

Eve’s expanded cash runway should be sufficient to fund the company’s operations through late 2026.

Eve Air Mobility is now aiming to fly its full-scale engineering prototype “early next year,” CEO Johann Bordais says.

Among air taxi OEMs, Eve Air Mobility was the only gainer, rising around 5% to $2.81.

The 1% weekly gain in the AAM Stock Composite came during a week when the S&P 500 traded flat.

Constructed at Embraer’s Gavião Peixoto site in Brazil, the first Eve prototype was rolled out at a company event in July.

Two startups join short list of companies that have unveiled full-scale prototype electric vertical-takeoff-and-landing vehicles.

Eve Air Mobility, Embraer’s advanced air mobility spinoff, has rolled out the first of six Eve prototypes to support the eVTOL program through developmental flight testing.

After the initial funding wave, investors grow leery of unfulfilled promises by startups.

Embraer spinoff Eve Air Mobility has secured a further $94 million in equity financing from multiple investors.

Utah has launched a project to establish an advanced air mobility (AAM) ecosystem in the state ahead of the 2034 Winter Olympic Games.

The AAM Stock Composite rose 4.3% last week, boosted by a better than 10% increase in EHang.

Textron eAviation has acquired the assets of Germany’s Amazilia Aerospace.

Embraer, Eve Air Mobility and Groupe ADP are collaborating to establish services infrastructure at Paris Le Bourget Airport.

Embraer spinoff Eve Air Mobility says it is on track to complete assembly of its first full-scale prototype before the end of the second quarter.

China’s EHang has filed a shelf registration to sell up to $100 million in new shares via a public offering on the Nasdaq stock exchange.

Eve Air Mobility has chosen Korea Aerospace Industries to supply the pylons for its electric air taxi, the first supply deal for the OEM in the AAM market.

A widening gap between the well-capitalized and poorly capitalized startups suggests that not all the publicly traded players will make it to entry into service

Eve Air Mobility has chosen the name Vector for its in-development urban air traffic management solution, with first deliveries now planned for 2026.

Automaker Stellantis has completed the open-market purchase of an additional 8.3 million shares in eVTOL vehicle developer Archer Aviation.

A sharp rally in Canadian hybrid air taxi startup Horizon Aircraft contributed to a 6.5% increase in the AAM Stock Composite last week.

Eve Air Mobility has selected Spain’s Aciturri to supply wing skins, spars and leading and trailing edges for its eVTOL aircraft.

Aura Aero is to receive €13.2 million ($14.1 million) in government funding to support development of the Era hybrid-electric 19-seat regional airliner.

Eve Air Mobility has signed an agreement with Yugo to study the potential for urban air mobility and eVTOL flights in Southeast Asia.

With a vast population, fast-growing middle class and stifling urban congestion, India looks ripe to be a major early launch market for UAM services.

Aviation Week ranks the 15 leading companies in the nascent eVTOL market.