Eve Air Mobility has signed a binding agreement with Revo to supply up to 50 eVTOL aircraft, marking a significant step forward in urban air mobility in Brazil.

Target Information

Eve Air Mobility (NYSE: EVEX; EVEXW) has entered into a significant agreement with Revo, an advanced urban air mobility (UAM) operator based in São Paulo, Brazil, and its parent company, Omni Helicopters International S.A. (OHI). This binding agreement facilitates the purchase of up to 50 electric Vertical Takeoff and Landing (eVTOL) aircraft, along with the necessary entry into service and aftermarket support. This milestone signifies Eve's transition from developmental stages to active implementation, thereby reinforcing its leadership position in the eVTOL market.

The partnership aims to utilize Eve's eVTOL aircraft in Revo's operations, with the initial delivery expected in the fourth quarter of 2027. São Paulo is a particularly fitting location for this service, as it is home to over 400 registered helicopters and experiences almost 2,000 daily takeoffs and landings, positioning it as one of the most dynamic markets for aerial mobility.

Industry Overview in Brazil

The UAM sector is rapidly evolving in Brazil, driven by urban congestion and a growing demand for innovative transportation solutions. Major cities like São Paulo endure heavy traffic, often resul