The unveiling of Eve’s eVTOL prototype has generated significant excitement in the aviation industry. With nearly 3,000 pre-orders from various companies, the demand for these innovative aircraft is evident, even before production has commenced. This strong market interest underscores the potential of eVTOLs to revolutionize urban transportation and short-distance air travel.
In a landmark moment for the burgeoning urban air mobility industry, Eve Air Mobility, a subsidiary of renowned Brazilian aircraft manufacturer Embraer, has unveiled the prototype of its highly anticipated electric vertical takeoff and landing (eVTOL) aircraft. This revolutionary flying taxi, showcased on July 3rd at Eve’s Gavião Peixoto plant in Brazil, marks a significant leap towards the future of urban transportation.
The electric flying vehicle market is poised to become a lucrative business, with the potential to grow to a thousand billion dollars by 2040, according to Marcello Motta, an analyst at JPMorgan. Motta suggests now is the time to invest in the most promising company in the industry, and he recommends Eve Holding Inc, a Brazilian subsidiary of Embraer, as a prime target for investors.
Eve, the Brazilian company that currently has an order book worth $5 billion, could produce electric planes on several continents. Shares of aircraft manufacturer Embraer rose more than 16 percent to over 23 reals in Brazil and more than 15 percent to over 16 dollars on Wall Street after the company announced that its electric aircraft subsidiary Eve will be listed on the New York Stock Exchange (NYSE).
Embraer, Embraer’s main engine supplier, will also start experiments similar to those of Airbus, with the Brazilian manufacturer also starting scientific testing of flights using only sustainable kerosene.
To achieve the aviation industry’s net carbon neutrality target for 2050, a Brazilian manufacturer has unveiled plans for a new family of aircraft. In the Energy project, Embraer is exploring sustainable concept types capable of carrying up to 50 passengers. The manufacturer has entered into partnerships with an international consortium of universities, aeronautical research institutes and small and medium-sized companies.
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