Eve Air Mobility Unveils Teaser Video of First eVTOL

Eve Air Mobility Unveils Teaser Video of First eVTOL

MELBOURNE, Fla. – May 8, 2024 – Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) today unveiled a teaser video of its first full-scale eVTOL non-conforming prototype as it continues production of the aircraft at its facility in Brazil. Eve released the video on its social media channels and will continue to share more updates on its progress in the coming months.

Watch Video: https://www.youtube.com/watch?v=5PL1wKTe9j8

“We are making great progress on the assembly of our first eVTOL prototype and we are on schedule to complete production and begin flying,” said Johann Bordais, CEO, Eve Air Mobility. “From the beginning, we have been consistent and steadfast taking an holistic approach to Urban Air Mobility by understanding the required ecosystem and infrastructure necessary for eVTOL flights, developing services and operations solutions to support our customers on Day 1 and launching Vector, an innovative air traffic management software solution. We are excited to start sharing our progress with our eVTOL development.”

Eve is uniquely positioned having been spun out of Embraer-X, Embraer’s business and innovation accelerator. Through its relationship, Eve is able to take advantage of Embraer’s more than 50 years of experience of developing, designing and certifying aircraft as it develops its eVTOL. Additionally, customers will also benefit from having access to an already established global network of service and support locations, critical to ensuring reliable, safe and efficient operations.

Eve’s eVTOL aircraft utilizes eight dedicated propellers for vertical flight and fixed wings to fly on cruise, with no change in the position of these components during flight. The latest concept includes an electric pusher powered by dual electric motors that provide propulsion redundancy with the goal of ensuring the highest levels of performance and safety. While offering numerous advantages including lower cost of operation, fewer parts, optimized structures, and systems, it has been developed to offer efficient thrust with low sound.

Last year, the company announced that its first eVTOL production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. The company has begun assembly of its first full-scale eVTOL prototype which will be followed by a test campaign. Eve has letters of intent for nearly 3,000 eVTOLs and the aircraft is expected to enter into service in 2026.

Images: https://eve.imagerelay.com/fl/72a3005dbbb742afba42d5f07df61b98

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About Eve

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, a 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.” For more information, please visit www.eveairmobility.com.

Contacts

Eve Air Mobility: [email protected]

Forward-Looking Statement Disclosure

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 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

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