Eve, the first spin-off from EmbraerX, is launched to shape the future of Urban Air Mobility

Melbourne, Florida, October, 2020 – Eve Urban Air Mobility Solutions, Inc. (Eve) has been launched as a new, independent company dedicated to accelerating the Urban Air Mobility (UAM) ecosystem.

Eve is developing a full portfolio of solutions to enable the UAM market and ultimately benefit people’s lives, including the progression and certification of the company’s electric vertical takeoff and landing vehicle (eVTOL), the associated comprehensive services and support network, and the creation of urban air traffic management solutions.

André Stein, former head of strategy for EmbraerX, has been appointed CEO of Eve.

Eve will benefit from greater focus, speed, and agility, allowing the company to innovate and execute at an accelerated pace in order to fully capitalize on the global UAM opportunity.

Having been incubated for almost four years within EmbraerX, now is the right time to establish Eve as an independent company. “We value the vast potential of the UAM market, as it represents a new business segment in which we foresee significant opportunities for Embraer. Innovation and diversification are key pillars of Embraer’s new strategic plan, which will increase revenue and improve profitability over the next few years,” said Francisco Gomes Neto, President and CEO of Embraer.

“That is why I am eager to announce Eve, the first company to graduate from EmbraerX. Eve stands primed to create a new frontier in transportation with intelligent, environmentally friendly, autonomous-ready aircraft and the associated ubiquitous support and urban air traffic management solutions.” As part of the company’s initiative to accelerate the UAM revolution, EmbraerX has been part of the Uber Elevate Network since its inception in 2017.

“Eve’s launch is an important next step in commercializing Embraer’s eVTOL designs while building on Embraer’s ability to design, certify, and deliver safe, globally-accepted aircraft. We look forward to our continued partnership to make aerial ridesharing a reality,” said Eric Allison, Head of Uber Elevate.

Benefitting from a startup mindset, backed by Embraer’s more than 50-year history of aerospace expertise, Eve today unveils a unique and valuable market proposition. Eve’s human-centred eVTOL design represents an actual, certifiable product development, as evidenced by the first flight of the engineering simulator in July 2020, and the company is harnessing the expertise of both Embraer and Atech, a subsidiary of the Embraer Group, in providing globally-recognized air traffic management software to create the solutions that will help safely scale the UAM industry going forward.

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About Eve Urban Air Mobility Solutions (Eve) Eve is a new, independent company dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a startup mindset, backed by Embraer’s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced electric vertical takeoff and landing vehicle (eVTOL) project, comprehensive global services and support network, and a unique air traffic management solution. Eve is the first company to graduate from EmbraerX. For more information, visit www.eveairmobility.com.

About EmbraerX EmbraerX is a market accelerator committed to developing solutions that transform life’s experiences. This Embraer S.A. disruptive innovation subsidiary is based on Florida’s Space Coast in Melbourne, integrated with the Company’s engineering team in Brazil, and dedicated to collaborating with global innovation communities.

The EmbraerX team of innovators, creators, thought-leaders, and designers combines human-centred design thinking with business-building and engineering expertise to tackle some of the biggest mobility problems facing humanity today. For more information, visit EmbraerX.com About Embraer Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defence & security.

The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services. Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year. Embraer is the leading manufacturer of commercial jets up to 150 seats.

The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.

About Atech Recognized as a Brazilian “System House”, Atech is a subsidiary of the Embraer Group and has always been guided by innovation in order to help transform the country.

With unique expertise in systems engineering and situational awareness technologies and support for decision making, Atech works to develop innovative solutions with applications in the areas of air traffic, command and control systems, cybersecurity, instrumentation and control systems, embedded systems, simulators and logistics.

The company is responsible for the development and modernization of the entire system for the management and defence of Brazilian airspace. For its performance, the company is recognized and certified as a Strategic Defense Company by the Brazilian Ministry of Defense.