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Leveraging SunTrax Air's purpose-built testing environment, the initiative will help shape the infrastructure and operational framework needed to support Advanced Air Mobility and future commercial eVTOL operations.

, /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX, EVEXW; B3: EVEB31), a global leader in eVTOL aircraft and integrated services, is announcing a partnership with the Florida Department of Transportation (FDOT) for a focused Advanced Air Mobility (AAM) initiative at SunTrax Air.

The FDOT-led initiative will bring together Eve's expertise in eVTOL aircraft, operations, and services with SunTrax Air's research, testing, and validation capabilities. The effort will focus on delivering insights into the infrastructure, operational procedures, and airspace navigation procedures needed to enable the safe and efficient integration of Advanced Air Mobility into Florida's transportation network.

"Florida recognizes its strategic role in the future of Advanced Air Mobility and is proactively building the ecosystem needed to support it," said Johann Bordais, chief executive officer of Eve Air Mobility. "Chief Will Watts and the FDOT team understand that successfully introducing a new mode of transportation requires alignment across aircraft, infrastructure, operations, and communities. Building on Embraer's longstanding relationship with the state, Eve is proud to bring its expertise to help advance Florida's vision and readiness for eVTOL operations."

Owned and operated by FDOT, SunTrax Air serves as Florida's dedicated Advanced Air Mobility research and development hub, providing a collaborative environment to evaluate technologies, operational concepts, and supporting infrastructure for next-generation aviation.

"This partnership is another step of forward-progress being made in Florida toward achieving the implementation of Advanced Air Mobility," said Jared W. Perdue, P.E., FDOT Secretary. "The unique resources and infrastructure found only at SunTrax will play a key role in Eve's research and testing needed to ensure the safe integration of Advanced Air Mobility into our transportation system."

The partnership builds on the growing relationship between Eve and FDOT. Through ongoing collaboration, the organizations will work to position Florida as a national leader in AAM. Using SunTrax Air's purpose-built research and testing environment, they will evaluate operational concepts, infrastructure readiness, passenger experience, and future ecosystem requirements, creating a foundation that supports Florida's long-term transportation strategy while helping accelerate the commercialization of Advanced Air Mobility.

About Eve Air Mobility

Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock, public warrants and Brazilian Depository Receipts are traded. For more information, please visit www.eveairmobility.com

Image: FDOT at the Farnborough Air Show

Forward-Looking Statement Disclosure 

Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. 

SOURCE Eve Air Mobility

Agreement supports the evaluation of tourism, airport connectivity and future advanced air mobility use cases across key islands.

, /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX, EVEXW; B3: EVEB31) and Moov have signed a Letter of Intent (LOI) for up to 30 electric vertical take-off and landing (eVTOL) aircraft, supporting the companies' joint exploration of advanced air mobility (AAM) opportunities in Cabo Verde and Europe. The initiative will evaluate how eVTOLs can expand tourism and regional mobility offerings across the African archipelago.

Eve and Moov will explore use cases including sightseeing and shuttle services between airports, ports and resorts, as well as regional mobility across São Vicente, Santo Antão, Sal, Praia and Boa Vista. The companies have also identified potential in medical transport services and infrastructure inspections.

According to the World Bank[1], Cabo Verde's tourism sector continued to expand in 2024, with tourist arrivals reaching an estimated 1.18 million, up 16.5% year over year, marking tourism's role as one of the country's key economic drivers. As the archipelago continues to invest in connectivity and visitor infrastructure, companies see an opportunity to explore how eVTOLs can complement existing transportation networks and enhance mobility offerings.

"This LOI with Moov reflects Eve's continued commitment to working with customers and partners that are building practical, high-value advanced air mobility use cases," said Johann Bordais, CEO of Eve. "Cabo Verde offers a compelling combination of tourism demand growth, geographic diversity and infrastructure investment momentum, making it an exciting market to explore how eVTOLs can complement existing transportation networks and develop new segments."

Moov is a Switzerland-incorporated aviation company based in Lugano, building the Atlantic Gateway: a new intercontinental aviation network connecting Europe, Africa and Latin America. As part of its broader vision, the company is also assessing how AAM technologies may support local connectivity and premium travel experiences within its network ecosystem.

"We believe Cabo Verde is uniquely positioned to benefit from innovative mobility solutions that enhance the visitor experience while supporting long-term connectivity and economic development," said Captain Alvaro N. de Oliveira, Founder and CEO of Moov. "By working with Eve, we are exploring how eVTOL aircraft could complement our broader vision for aviation in the mid-Atlantic and open new possibilities for premium, efficient and sustainable transportation."

Moov's leadership team brings decades of aviation and business leadership experience, including airline launch expertise and senior roles across global carriers, air cargo operators, procurement, finance, operations and strategy. The founding and advisory team includes executives with experience at companies such as Azul, Modern Logistics, Swiss International Air Lines, Etihad Airways, FedEx and ASL Aviation Group.

The LOI comes at a time of continued investment in Cabo Verde's transport, tourism and strategic infrastructure. Recent airport modernization programs and broader public-private sector investments are reinforcing the country's long-term growth outlook and strengthening the case for new mobility solutions to support tourism, connectivity and sustainable development.

Images: https://eve.imagerelay.com/fl/7eaa7def78864558b5717cae718e843e 

About Eve Air Mobility

Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to advancing the UAM ecosystem, with an advanced eVTOL project, a comprehensive global services and support network, and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock, public warrants and Brazilian Depository Receipts are traded. For more information, please visit www.eveairmobility.com.

About Moov Airways AG

Moov Airways AG is a Swiss-governed aviation platform building the Atlantic Gateway—a new architecture for intercontinental connectivity linking Europe, Africa, and Latin America. Focused on underserved markets, Moov combines aviation expertise, strategic partnerships, and innovative operating models to unlock new opportunities for travel, tourism, trade, and economic development across the Atlantic Basin. The company's leadership team brings more than 150 years of combined business and aviation experience, including four successful airline and air cargo launches. For more information, visit: moov.aero. 

Forward-Looking Statement Disclosure 

Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

[1] Source: World Bank, Cabo Verde Economic Update 2025: Unlocking Inclusive Growth through Increased Resilience and Equal Opportunities.

SOURCE Eve Air Mobility

Publication marks a significant milestone in establishing the environmental certification framework for eVTOLs.

, /PRNewswire/ -- Eve Air Mobility ("Eve" or "the Company") (NYSE: EVEX, EVEXW; B3: EVEB31) welcomes the publication by Brazil's National Civil Aviation Agency (ANAC) of the Proposed Noise Certification Criteria for Eve 100, the Company's electric vertical take-off and landing (eVTOL) aircraft. The proposal is open for consultation until August 08 and represents a major step toward establishing the environmental certification framework for eVTOLs. The publication is a key milestone in the Eve 100 certification process and demonstrates continued progress toward type certification.

"ANAC's publication of the proposed noise certification criteria is an important milestone in the development and certification of Eve 100," said Johann Bordais, CEO at Eve. "We appreciate ANAC's leadership and collaborative approach in developing a framework tailored to this emerging technology aircraft. This initiative supports the safe and responsible introduction of eVTOL operations for urban mobility while promoting international regulatory alignment."

As the aviation industry introduces innovative technologies that differ from conventional aircraft, dedicated certification criteria are necessary to address the unique operational and acoustic characteristics of these vehicles. The proposed criteria are the result of extensive engagement between Eve and ANAC and draw on existing aviation noise regulations, adapting them to the specific characteristics of Eve 100 and its future operations.

The consultation also reflects broader international efforts led by aviation authorities and industry stakeholders to develop harmonized approaches to emerging technologies. Eve continues to actively participate in global regulatory discussions, helping support the development of future noise standards for advanced air mobility.

"Aircraft noise is a critical component of aviation environmental certification and an important factor in public acceptance of urban air mobility," said Isabel Lima, Head of Noise and Vibration at Eve. "Noise certification establishes measurement methodologies and compliance criteria, ensuring that new aircraft are introduced with appropriate environmental protection and consideration for surrounding communities."

As part of the certification process, the proposed criteria are intended to evaluate the acoustic characteristics of Eve 100 throughout phases of flight, supporting a comprehensive understanding of the aircraft's environmental footprint before commercial operations begin.

Noise reduction has been a key consideration throughout the development of Eve's eVTOL. Drawing on a lift-plus-cruise architecture, the aircraft has been designed to deliver a quieter experience than conventional helicopters. Eve's approach to community acceptance is also supported by insights from its Visual & Sound Perception Study, conducted in collaboration with the Royal Netherlands Aerospace Centre (NLR). Using virtual reality and sound simulations, the study engaged more than 100 participants across New York, Orlando and San Francisco to better understand how communities perceive the sights and sounds of eVTOL operations in different urban and suburban settings. Alongside acoustic modeling assessments, engineering prototype flight testing continues to support Eve's efforts to better understand and optimize Eve 100's noise characteristics as the program advances.

Following completion of the consultation period, ANAC will review stakeholder contributions and continue work toward finalizing the applicable certification requirements. Eve continues to work closely with ANAC as the primary certification authority, while pursuing international validation activities that support the future global deployment of Eve 100.

Images: https://eve.imagerelay.com/fl/545b460810be4c698559bb0e836f6d6d 

About Eve Air Mobility

Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to advancing the UAM ecosystem, with an advanced eVTOL project, a comprehensive global services and support network, and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock, public warrants and Brazilian Depository Receipts are traded. For more information, please visit www.eveairmobility.com.

Forward-Looking Statement Disclosure 

Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

SOURCE Eve Air Mobility

First ESG Report Highlights eVTOL Business Model as a Catalyst for Energy Transition, Urban Connectivity, and the Future of Sustainable Flight

, /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX, EVEXW; B3: EVEB31), a global leader in electric vertical take-off and landing (eVTOL) aircraft and urban air mobility (UAM) solutions, has published its inaugural Sustainability Report. The report outlines Eve's environmental, social, and governance (ESG) strategy and demonstrates how its integrated UAM ecosystem supports cleaner transportation, reduced congestion, and more connected cities.

The report reflects Eve's founding belief that urban air mobility represents an opportunity to transform how people move through cities while advancing aviation's transition to a more sustainable future.

"At Eve, sustainability is not a pillar we stand beside; it is the very foundation we build on. This report reflects who we are: a company pioneering the transition to zero-emission air mobility, powered by innovation, driven by purpose, and committed to a future where the skies are accessible, clean, and connected for everyone," said Johann Bordais, chief executive of Eve Air Mobility.

Created from the outset with sustainability at its core, Eve is developing an all-electric eVTOL aircraft expected to produce zero local carbon and particulate emissions during flight, providing a cleaner alternative to traditional aviation and ground transportation in urban environments.

Eve's urban air mobility ecosystem combines three integrated solutions:

eVTOL Aircraft: An all-electric aircraft designed for zero local emissions and low-noise operations. Eve Vector®: Air traffic management software that enables safe, scalable, and efficient Advanced Air Mobility operations. Eve TechCare®: Service and support solutions designed to help operators deploy and maintain fleets worldwide. Together, these solutions are designed to make urban air mobility a practical and sustainable complement to existing transportation networks.

Key ESG Highlights

Environment: Supporting the Energy Transition

Zero-Emission Aircraft: Eve's eVTOL aircraft is powered entirely by electricity and designed for zero local carbon and VOC emissions during operation. Renewable Energy: Eve's manufacturing operations in Brazil are powered by 100% renewable energy. Sustainable Manufacturing: The Company's planned production facility will incorporate energy-efficient technologies, water reuse systems, and sustainable waste management practices. Low Noise Design: Eve's aircraft is engineered for significantly quieter operations than conventional helicopters. Cleaner Production Processes: Water-based inks will be used during aircraft painting and finishing. Green Finance Framework: Supports financing aligned with Eve's sustainability objectives and the United Nations Sustainable Development Goals. Social: Connecting Cities and Empowering People

UAM for Everyone: Expanding access to urban air transportation through integration with existing mobility networks. Great Place to Work® Certified: Recognized in 2024/2025 for fostering an inclusive and high-performing workplace culture. Equal Employment Workplace: In 2025, Eve's workforce of 210 employees benefited from a balanced mix of genders, experience levels, and backgrounds, supported by approximately 800 Embraer employees. Community Engagement: Through its partnership with the Embraer Institute, Eve supports education and community development initiatives. Learning and Development: Employees have access to training programs, language courses, conferences, and postgraduate education support. Governance: Accountability at the Core

Strong Governance: Eve maintains robust oversight through its Global Anticorruption Policy, Code of Conduct, Diversity, Equity, Inclusion and Human Rights Policy, transparent reporting practices, and active stakeholder engagement. Eve's Global Market Outlook identified a $280 billion passenger revenue opportunity over the next 20 years, driven by urbanization, increasing congestion, and growing demand for sustainable mobility solutions. In some of the world's most congested cities, urban air mobility has the potential to improve connectivity while supporting environmental goals.

Eve's ecosystem is designed to reduce congestion, improve air quality, and lower emissions while providing faster point-to-point urban transportation.

"Every city that integrates urban air mobility into its transportation network is a city that takes a tangible step toward a cleaner, less congested, more connected future. Our Sustainability Report is our commitment in writing to being the company that makes that possible," said Larissa Maraccini, vice president, People, Marketing, Communications and ESG at Eve Air Mobility.

Eve Air Mobility's 2025 Sustainability Report is available for download at Eve Air Mobility. The report was prepared in alignment with leading ESG disclosure frameworks and reflects Eve's commitment to transparency, accountability, and continuous improvement.

Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock, public warrants and Brazilian Depository Receipts are traded. For more information, please visit www.eveairmobility.com

Forward-Looking Statement Disclosure 

Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

SOURCE Eve Air Mobility

, /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW / B3: EVEB31) reports its fourth quarter and fiscal year 2025 earnings results.

Year in review

Eve Air Mobility accomplished several milestones in 2025 – a defining year, as we continue to work to shape the global Urban Air Mobility ecosystem.

With the selection of a new pusher motor supplier and the completion of several ground tests, Eve completed the maiden flight of its engineering prototype in December, commencing what has now become a full-fledged and intense flight campaign.  Our prototype has flown a total of 28 times to date, accumulating more than 1 hour of flight time, with telemetry readings that are better than expected.  Also, the campaign has been progressing as planned, with initial hover and on-air maneuvers being performed.  In total, we expect to fly around 300 times with this prototype in 2026; at the current pace, we are well on our way to hitting this milestone.

Simplicity is the DNA of our electric Vertical Take-Off and Landing (eVTOL) aircraft with a Lift+Cruise configuration, eight dedicated propellers for vertical take-off and landing – that do not change position during flight, and fixed wings for cruise flight. Our design also features a dual-electric-motor pusher for horizontal propulsion redundancy, with performance and safety in mind. We believe fewer, simpler parts will help reduce maintenance and operating costs, improve dispatchability for operators, and provide a clearer path to certification.

We continue to be highly engaged with aviation authorities to advance in the certification processes of our aircraft. In Brazil, the National Civil Aviation Agency will soon define the Means of Compliance – a detailed set of rigorous tests that our aircraft must successfully perform to receive Type Certification.  We expect to initiate our certification campaign shortly thereafter.  And, while our six conforming prototypes should be ready to initiate the flight portion of the certification campaign in 2027, we accomplished a tremendous amount with ground tests on rigs, simulations, wind-tunnel tests, and our Iron Bird – a deconstructed eVTOL that replicates the actual aircraft and can be used to accumulate certification credits.

Eve's strengths have resulted in the largest and most diversified backlog, totaling 2.7k LOIs (Letters of Intent).  We also began converting LOIs into firm orders and collecting pre-delivery payments, bringing the total to 100 aircraft under binding agreements.  This, combined with the Services & Support Solutions (Eve TechCare®) contracts, offers long-term revenue visibility and will help Eve smooth cash-flow consumption in the years to come. Eve continues to advance Eve Vector®, our Urban Air Traffic Management software, to optimize and safely scale Urban Air Mobility operations worldwide.

Importantly, last year we met all the milestones we had laid out to the market, including cash consumption of $196 million (adjusted for working capital gains in 4Q25) – mostly in line with the low-end of 2025 guidance.  In total, Eve raised around $400 million in the last six months across a mix of debt and equity instruments, demonstrating strong commitment from the investment community. With total liquidity at its highest level ever – currently at $641 million, and a strong focus on cost discipline and efficiencies with Embraer, we are confident that our financial position is sufficient to fund our Research & Development and operations through 2028.

There is no doubt that 2026 will be a challenging year. We will continue to operate with discipline in a tough environment, and we still have a long and rigorous path ahead.  Still, Eve continues to pave the way for what lies ahead, and the way we closed 2025 says everything about who we are.

Last year's accomplishments reinforced my belief that we have the right team, partners, mindset, and capabilities to move through this phase with confidence, focus, and excellence.  I am incredibly proud of what we achieved together, and even more proud of how we achieved it. We did it with ownership, resilience, and a deep commitment to safety and quality.  I believe we are on the right track.

Let's make 2026 another defining chapter in our journey!

Johann Bordais

CEO

Financial Highlights

Eve Air Mobility is an aerospace company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem that includes aircraft development, Services & Support solutions – TechCare and Vector, an Urban Air Traffic Management (Urban ATM) system. Eve is pre-revenue; we do not expect meaningful revenue, if any, during the development phase of our aircraft, and we expect financial results to be primarily driven by program development costs during this period.

Fourth Quarter 2025

Eve reported a net loss of $63.9 million in 4Q25 versus $40.7 million in 4Q24.  The net loss in 4Q25 was primarily driven by Research & Development (R&D) expenses, which cover costs and activities necessary to advance the development of our UAM suite of products and services, including the Master Service Agreement (MSA) with Embraer. R&D expenses were $59.4 million in 4Q25, vs. $33.7 million in 4Q24, with greater intensity in the development of our eVTOL and greater engagement with third-party suppliers – via engineering services, purchase of parts, and the early stages of the assembly of our conforming prototypes, and the final stages of component design.  Additionally, R&D efforts now demand increased engineering activity with Embraer, incremental program development activities with suppliers, and testing infrastructure.  The MSA primarily drives our R&D costs with Embraer, which performs several developmental activities for Eve, as well as engineering work with third-party suppliers.

Meanwhile, SG&A increased to $7.6 million, from $6.2 million in 4Q24, mostly due to (1) an increase in the number of direct employees at Eve to approximately 200, from approximately 170 at the end of 2024, and (2) a c.8% appreciation of the average Brazilian Real vs. the US dollar.

Total cash consumption in 4Q25 was $32.1 million, vs. $39.9 million in 4Q24, and was positively impacted by a temporary deferral of a $21.3 million invoice with Embraer, as part of the MSA contract.  If this invoice had been paid last year, cash consumption would have been $53.4 million.  Engineering services with Embraer and third-party suppliers account for most of the accounts payable, and Eve typically reimburses Embraer for engineering/infrastructure costs 45 days after services are rendered. In contrast, third-party suppliers' payments are connected to specific program milestones.

Full Year 2025

Net loss in 2025 was $224.3 million, vs. $138.2 million the year before. R&D expenses reached $194.7 million in 2025, up from $129.8 million in 2024, and SG&A expenses increased to $30.7 million, up from $26.5 million in 2024.  As with the quarterly numbers, the higher accumulated costs and expenses are primarily driven by increased developmental activities necessary to advance our program.

Eve employed approximately 930 full-time collaborators – including personnel contracted through the MSA with Embraer and its subsidiaries, as of 4Q25, versus c.900 at the end of 2024.

In 2025, cash consumption (operating activities + capital expenditures) was $175.2 million, and was also positively impacted by the temporary working-capital gain observed in 4Q25.  The invoices with Embraer were paid in early 2026, so the normalized level of cash consumption was c.$196.5 million last year, slightly below the $200 to $250 million range we had expected to invest in our program.  Our cash consumption continues to reflect our disciplined cost control and continued synergies with Embraer.

Eve's Cash, Cash Equivalents, and Financial Investments totaled $392.5 million at the end of 2025, and total liquidity – including undrawn credit lines with the BNDES (Brazil's National Development Bank)- reached $541.4 million. We believe the funding is sufficient to support our operations and program investments through 2028.  The increase in our cash position during the year, despite the cash deployed in our program, reflects a new loan raised during 4Q25 with an export credit agency and the August 2025 $230 million Registered Direct Equity Offer.

Eve has drawn $118.2 million of the total funds made available by the BNDES thus far and, including unused portions of a grant awarded to Eve last June, still has another $148.9 million available for future withdrawals.

We believe the credit lines offer attractive terms and conditions, and are aligned with Eve's early-stage development, including a long-term maturity and amortization grace period, which we expect will support Eve as it continues to advance its eVTOL program.  We expect to continue drawing from these facilities as our development program advances, to optimize our cash position and capital.

For additional information, please access the full 4Q25 and FY2025 Earnings release, available at the Investor Relations website ir.eveairmobility.com

Webcast details

Management will discuss the results on a conference call on Tuesday, March 17, 2026, at 8:00 AM (Eastern Time). The webcast will be publicly available in the Upcoming Events section of the company website: www.eveairmobility.com 

To listen by phone, please dial 1-844-676-6050 or 1-412-634-6902. A replay of the call will be available until March 31, 2026, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 10206616.

About Eve Holding, Inc.

Eve is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'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 eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve has been listed on the New York Stock Exchange, where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". In December 2025, the Company was listed on the B3, Brazilian Stock Exchange, under the ticker EVEB31. The information on, or accessible through, any website referenced herein is not incorporated by reference into, and is not a part of, this release.

For more information, please visit www.eveairmobility.com

Forward Looking Statements

Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors which the company is not currently aware of that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements, other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

Investor Relations
Lucio Aldworth
Caio Pinez
[email protected]
https://ir.eveairmobility.com/

Media:
[email protected]

SOURCE Eve Holding, Inc.

Eve Holding remains a speculative 'Buy' after achieving its first eVTOL flight milestone in December 2025. EVEX has $641 million in pro-forma liquidity, covering approximately 2.5 years of projected free cash flow burn. Certification and production ramp-up risks remain significant, with first deliveries realistically expected in 2028–2029.

Key Takeaways Archer Aviation advances toward U.S. air taxi launch with FAA-backed pilot program and Starlink deal.Eve Holding expands globally with Australia partnership and up to 50-aircraft order from Japan's AirX.EVEX outperformed ACHR recently, while trading at a lower valuation multiple than ACHR. With traffic congestion worsening in major cities, the demand for advanced transportation solutions like electric air taxis is gaining momentum. This trend is driving growth in the electric vertical takeoff and landing (eVTOL) space, benefiting companies such as Archer Aviation (ACHR - Free Report) and Eve Holding (EVEX - Free Report) . Progress on regulatory approvals, strong pre-order activity from airlines and operators, and ongoing improvements in battery technology, autonomy and low-noise propulsion systems are further strengthening the sector’s outlook.

Archer Aviation is focused on both manufacturing and selling its eVTOL aircraft to partners while also planning to operate its own air taxi network. In contrast, Eve Holding is building not only its aircraft but also a broader urban air mobility ecosystem, which includes service support and air traffic management solutions.

Additionally, the White House executive order issued in July 2025 to accelerate eVTOL integration has boosted investor interest in the space. This brings up an important question for investors: between ACHR and EVEX, which stock offers better upside potential?

Tailwinds for ACHRIn March 2026, Archer Aviation moved a step closer to commercial operations as the U.S. Department of Transportation and the Federal Aviation Administration selected its partners in Texas, Florida and New York for the White House’s eVTOL Integration Pilot Program (eIPP). This program creates a clear pathway to introduce electric air taxis in the United States and supports the launch of a new category of aircraft, marking a major milestone for the industry.

In February 2026, Archer Aviation announced a collaboration with Starlink to bring high-speed, reliable internet connectivity to its Midnight air taxi. Under this agreement, the company will integrate Starlink’s low-Earth-orbit satellite system into its aircraft, enabling stable and low-latency connectivity during operations.

Tailwinds for EVEXIn March 2026, Eve Air Mobility expanded its presence globally by entering into a strategic partnership with Alt Air, an Advanced Air Mobility company based in Sydney, Australia. As part of this collaboration, Alt Air is also working with Skyports Infrastructure to support future eVTOL operations across New South Wales and Queensland. This development highlights Eve Holding’s efforts to build a strong network and support the rollout of urban air mobility services in new markets.

In February 2026, Eve Holding signed its second binding order with Tokyo-based AirX, a leading air mobility service provider in Japan. The deal includes the purchase of up to 50 eVTOL aircraft, strengthening the company’s order pipeline. This agreement reflects growing customer confidence in Eve Holding’s offerings and supports the expansion of sustainable air mobility solutions in Japan.

How Does the Zacks Consensus Estimate Compare for ACHR & EVEX?The Zacks Consensus Estimate for Archer Aviation’s 2026 loss per share implies a year-over-year decline. The stock’s near-term bottom-line estimates have moved south over the past 60 days.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Eve Holding’s 2026 loss per share suggests a year-over-year improvement. The stock’s 2026 bottom-line estimates have moved south over the past 60 days.

Image Source: Zacks Investment Research

Stock Price Performance: ACHR vs. EVEXEVEX has outperformed ACHR in the past month. Shares of EVEX have lost 13.3% compared with ACHR’s decline of 21.9%.

Image Source: Zacks Investment Research

Valuation for ACHR & EVEXEVEX trades at a forward 12-month Enterprise Value/Sales (EV/S F12M) multiple of 26.53X compared with ACHR’s 70.05X, making the former relatively more attractive from a valuation perspective.

ConclusionBoth Archer Aviation and Eve Holding are benefiting from the growing demand for electric air taxis. ACHR is making progress in regulatory approvals and partnerships, which supports its plans to launch services.

However, Eve Holding appears to have a stronger position, given its improving earnings outlook, better price performance and more attractive valuation. The company is expanding globally through new partnerships and strengthening its order book with recent deals.

EVEX currently carries a Zacks Rank #3 (Hold), while ACHR carries a Zacks Rank #4 (Sell).

You can see the full list of today’s Zacks Rank #1 (Strong Buy) stocks here.

Posted by Defense World Staff on Apr 19th, 2026

Shares of Eve Holding, Inc. (NYSE:EVEX – Get Free Report) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.4680.

EVEX has been the topic of a number of analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $7.50 target price on shares of EVE in a research report on Wednesday, March 18th. JPMorgan Chase & Co. cut their target price on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Finally, Cantor Fitzgerald cut their target price on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th.

View Our Latest Research Report on EVEX

EVE Price Performance EVEX stock opened at $2.96 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a market capitalization of $1.03 billion, a P/E ratio of -4.28 and a beta of 0.97. The business’s 50-day moving average is $2.82 and its two-hundred day moving average is $3.81. EVE has a 1 year low of $2.34 and a 1 year high of $7.70.

EVE (NYSE:EVEX – Get Free Report) last posted its quarterly earnings results on Monday, March 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). Analysts anticipate that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EVE Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in EVE by 144.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after buying an additional 3,121 shares during the last quarter. Canal Insurance CO purchased a new position in EVE during the 3rd quarter worth approximately $38,000. SG Americas Securities LLC grew its stake in EVE by 52.3% during the 1st quarter. SG Americas Securities LLC now owns 17,001 shares of the company’s stock worth $42,000 after buying an additional 5,840 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in EVE during the 3rd quarter worth approximately $42,000. Finally, Avidian Wealth Enterprises LLC purchased a new position in EVE during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE (Get Free Report)

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.

See Also Five stocks we like better than EVE

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Key Takeaways Archer Aviation stock fell 26.3% in 3 months and 33.2% in a year, lagging sector benchmarks.Archer Aviation holds nearly $2B liquidity, but posted $618.2M net loss and $432.9M cash outflow in 2025.ACHR trades at 103.67X forward earnings, with valuation hinging on commercialization progress. Archer Aviation (ACHR - Free Report) is still in the pre-revenue phase where execution milestones matter more than near-term sales. That framing has not stopped the stock from selling off. Shares fell 26.3% over the past three months and 33.2% over the past year, far worse than the cited aerospace sub-industry and sector comparisons.

Archer’s Share Move Frames the SetupACHR’s pullback stands out versus the reference group. Over three months, the Zacks sub-industry and the Zacks Aerospace sector declined 3.1% and 5.6%, while the S&P 500 rose 2.6%. Over one year, the sub-industry and sector gained 23.5% and 24.8%, while the S&P 500 advanced 33.7%.

Image Source: Zacks Investment Research

ACHR’s Liquidity Offers Near-Term RunwayArcher ended fourth-quarter 2025 with nearly $2.0 billion of total liquidity, including $1,964.7 million in cash, cash equivalents, and short-term investments. On the balance sheet, current assets totaled $2,076.1 million and total stockholders’ equity was $2,202.8 million. Total debt was modest at $80.3 million combined current and long-term.

The company expects investment to step up to support certification work, manufacturing scale, and initial market deployments. The intent is to fund progress through the next set of execution gates rather than rely on limited revenue contribution today.

Archer’s Loss Profile Is the Key Trade-OffThe financial backdrop remains heavy. Archer posted a net loss of $618.2 million in 2025 and had nearly $2.3 billion in cumulative losses since inception at year-end 2025. That reality explains why the market is sensitive to any slippage in the path to operations.

Management guided first-quarter 2026 adjusted EBITDA loss of $160 million to $180 million and described the step-up as deliberate and tied to execution milestones. The company is signaling that the near-term priority is moving programs forward, even if losses widen.

Operating cash outflow was $432.9 million in 2025, reflecting higher program activity while revenues remained limited. Until certification and early operations arrive, burn and liquidity trajectory are likely to stay central to the 
valuation debate.

ACHR Revenue Is Early and Non-Core So FarRevenue is still essentially a placeholder. Archer reported $0.3 million in revenue in 2025, compared with $0 in 2024. The increase came from initial lease income tied to hangar space at Hawthorne Municipal Airport, recognized over monthly lease periods.

Management’s commercialization framing is different. The company expects significant commercial revenues to follow completion of aircraft certification and the ramp-up of its production and services model. For investors, that timing matters because lease income is not the core thesis. Certification progress and the transition from testing to early deployments are.

Archer’s Valuation Multiples Reflect UncertaintyDespite the drawdown, the stock’s quoted forward 12-month multiple remains elevated versus broader benchmarks. The shares were cited at 103.67X forward 12-months earnings versus 2.44X for the Zacks sub-industry, 2.74X for the Zacks sector, and 5.19X for the S&P 500.

Historical ranges underline how unstable valuation can be for a company at this stage. Over five years, the forward multiple range cited spans from 39.36X at the low to 3942.4X at the high, with a five-year median near 104.01X. The valuation table also shows wide swings in EV-to-sales ranges over time, reinforcing that multiples can move sharply as expectations shift.

That sensitivity is not unique to Archer. eVTOL peers like Joby Aviation, Inc. (JOBY - Free Report) and Eve Holding, Inc. (EVEX - Free Report) also trade on milestones and funding conditions more than near-term revenue scale. For Archer specifically, the wide dispersion in out-year Street revenue estimates for 2027 to 2028 highlights uncertainty around scaling pace and mix.

ACHR Decision Lens Based on the Report’s ViewA constructive re-rating path is tied to execution proof points: finalization of remaining certification plans, initiation of Type Inspection Authorization work as soon as 2026, and visible progress through the U.S. Department of Transportation eVTOL Integration Pilot Program, including demonstration flights targeted for the second half of 2026. International progress also matters, including additional Midnight deliveries in 2026 under the UAE program and the build-out of certified vertiports across Abu Dhabi.

Valuation would likely come under pressure if the opposite occurs. Delays that defer operations, extend the elevated spending window, or increase reliance on higher-cost funding would raise the risk that multiples compress further.

Zacks RankACHR currently has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

, /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW / B3: EVEB31) reports its first quarter 2026 earnings results.

Financial Highlights

Eve Air Mobility is an aerospace company dedicated to developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem. This includes aircraft development, Services & Support solutions like Eve TechCare® and Eve Vector®, an Urban Air Traffic Management system. Eve is pre-operational.  We do not expect meaningful revenue, if any, during the aircraft development phase. Financial results during this period are expected to be driven mainly by program development costs.

Eve reported a net loss of $68.8 million in 1Q26 versus $48.8 million in 1Q25. The higher net loss in 1Q26 was mainly due to increased Research & Development expenses. These costs and activities are necessary to advance our suite of UAM products and solutions, including the Master Service Agreement (MSA) with Embraer. R&D expenses were $59.1 million in 1Q26 compared to $44.7 million in 1Q25. This increase reflects the intensifying R&D activity, including eVTOL development, greater engagement with suppliers, and the allocation of Embraer engineering resources to our project. R&D also required additional program development activities and more testing infrastructure. The MSA primarily drives our R&D costs with Embraer, which performs several critical activities for Eve.

Selling, General & Administrative (SG&A) decreased to $7.2 million in 1Q26 versus $7.9 million in 1Q25. This was mostly due to higher payroll-related costs associated with employee Restricted Stock Units (RSUs) recognized in the prior year. The decrease came despite an 11% appreciation of the Brazilian Real versus the US Dollar and a higher number of direct employees at Eve. Our staff now stands at approximately 200, compared to roughly 180 in 1Q25 

Eve's total cash consumption in 1Q26 was $68.6 million, compared to $25.4 million in 1Q25. This reflects the greater intensity of our design and development activities. In 1Q26, cash consumption included an $11 million payment under the MSA with Embraer, that had been deferred from the previous quarter. Excluding this payment, adjusted cash consumption in 1Q26 was $57 million. Eve's Cash, Cash Equivalents, and Financial Investments totaled $441.1 million at the end of 1Q26. This is our highest cash balance ever. Total liquidity, including undrawn credit lines with the Brazil's National Development Bank (BNDES), also reached a record level of $577.7 million, driven by a new 5-year syndicated loan of $150 million issued in January 2026. We believe this funding is sufficient to support our operations and program investments through 2028.

For additional information, please access the full 1Q26 Earnings release, available at the Investor Relations website ir.eveairmobility.com

Webcast details

Management will discuss the results on a conference call on Tuesday, May 05, 2026, at 8:00 AM (Eastern Time). The webcast will be publicly available in the Upcoming Events section of the company website: www.eveairmobility.com

To listen by phone, please dial 1-877-407-0752 or 1-201-389-0912. A replay of the call will be available until May 19, 2026, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13760047.

About Eve Holding, Inc.

Eve is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'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 eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve has been listed on the New York Stock Exchange, where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". In December 2025, the Company was listed on the B3, Brazilian Stock Exchange, under the ticker EVEB31. The information on, or accessible through, any website referenced herein is not incorporated by reference into, and is not a part of, this release. For more information, please visit www.eveairmobility.com

Forward Looking Statements

Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors which the company is not currently aware of that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements, other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

Investor Relations
Lucio Aldworth
Caio Pinez
[email protected]
https://ir.eveairmobility.com/

Media:
[email protected]

SOURCE Embraer S.A.

A game with more than two decades of virtual space combat, piracy and commerce is apparently fertile ground for training future AI models. Google DeepMind this week announced plans to use the popular roleplaying game Eve Online on Wednesday for training, Bloomberg reports. 

Eve Online is a massively multiplayer online roleplaying game, or MMORPG, developed by Iceland's CCP Games. Players explore and interact with each other in a vast universe, forming corporations and taking part in a wide range of activities like mining and space combat. DeepMind is also taking a minority stake in Fenris Creations, the new name for CCP Games that was also announced on Wednesday. 

Although a minority stake, DeepMind's investment is in the millions of dollars, Fenris Creations CEO Hilmar Veigar Pétursson told Bloomberg. 

According to a company blog post, the developer will be independent, with its own board of directors, "giving us a more direct structure for the kind of far-reaching decisions that Eve requires." It had been owned by South Korea's Pearl Abyss, publisher of recent fantasy hit Crimson Desert, but was sold back to its management last week.

Eve Online launched 23 years ago and has gained a massive following, so it makes sense that the AI lab has taken an interest in training its models on the game.

While it's currently unclear what type of player data Google is parsing through with its AI models, Eve Online is particularly notable for its emergent player-driven narratives and large-scale battles -- many of which last multiple hours and involve virtual assets valued at hundreds of thousands of dollars. The game's perceived real-world stakes inform player decision-making, which is perhaps what makes Google so interested in this particular MMO.

"Games have always been a huge part of my life -- I've been a gamer since I was a kid, and I started my career designing and programming complex AI simulation games like Theme Park," Google DeepMind CEO Demis Hassabis said in a statement. "They've also been at the heart of many of Google DeepMind's breakthroughs -- like Atari DQN, AlphaGo, AlphaStar and SIMA -- because they're the perfect training ground for developing and testing AI algorithms."

Hassabis said the goal is to explore different gaming experiences and "advance AI research safely inside a player-driven universe as amazingly complex as Eve Online."

According to the blog post, DeepMind will research player behavior on isolated servers of the game so as to not affect the live game itself. As time goes on, the research will likely expand, and Eve Online will also use the research to improve the game in the future.