Eve Air Mobility Completes Successful First Flight of Full-Scale eVTOL Prototype

Rhea-AI Summary

Eve Air Mobility (NYSE: EVEX) completed the first flight of its uncrewed full-scale eVTOL prototype on Dec 19, 2025 at Embraer's Gavião Peixoto test facility, validating aircraft architecture, fifth‑generation fly‑by‑wire controls and fixed‑pitch lifter rotors. Eve captured high‑fidelity data and will build six conforming prototypes to run a flight test campaign aimed at certification.

The company plans progressive envelope expansion, hundreds of flights in 2026, and continues engagement with ANAC, FAA and EASA, targeting type certification and first deliveries in 2027.

Positive

• First full‑scale uncrewed flight completed on Dec 19, 2025
• Captured high‑fidelity data validating fly‑by‑wire and lifter integration
• Plan to manufacture six conforming prototypes for flight test campaign
• Committed to hundreds of flights in 2026 to build certification data
• Active engagement with ANAC, FAA and EASA on certification

Negative

• Initial flight was uncrewed, with crewed operations not yet demonstrated
• Type certification and first deliveries targeted for 2027, a forward‑looking timeline subject to regulatory and testing risks

Key Figures

Conforming prototypes 6 prototypes To be manufactured for flight test campaign and certification

Flight test ramp 2026 Hundreds of flights planned as knowledge gain for certification

Target certification 2027 Expected type certification, first deliveries and entry into service

Embraer experience 56 years Aerospace expertise leveraged for Eve’s eVTOL and UAM solutions

Market Reality Check

$4.83 Last Close

Volume Volume 2,567,412 is 1.82x the 20-day average of 1,412,746, indicating elevated interest ahead of this milestone. high

Technical Price at $4.83 is trading above the 200-day MA of $4.63, with shares 37.26% below the 52-week high and 70.67% above the 52-week low.

Peers on Argus 2 Up

EVEX gained 5.46% with strong volume while peers LUNR and RDW also moved up 7.47% and 4.84%, respectively. With 2 peers in a momentum scan and a sector summary noting a median move of 6.2%, today’s strength reflects both company-specific news and broader Aerospace & Defense momentum.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 02	Supplier selection	Positive	+12.0%	Chose BETA Technologies as pusher motor supplier for eVTOL program.
Dec 02	Supplier selection	Positive	+12.0%	Supplier deal supports 2,800-aircraft backlog and 10-year opportunity.
Nov 04	Quarterly earnings	Negative	-3.6%	Reported larger net loss with higher R&D and ongoing cash consumption.
Nov 03	Commercial framework	Positive	-3.6%	Bahrain framework to build UAM ecosystem and regional vertiport network.
Nov 03	Commercial framework	Positive	-3.6%	Middle East expansion plans with commercial operations targeted from 2028.

Pattern Detected

Positive partnership and program milestones have previously coincided with upside moves, while earnings-related updates and some commercial announcements have seen weaker or negative reactions.

Recent Company History

Over the last few months, Eve reported deeper R&D-driven losses, including a $46.9M net loss in 3Q25 and $44.9M in R&D, while remaining pre‑revenue. The company strengthened liquidity via an August 2025 equity raise of $230M. Strategically, it expanded in the Middle East through a Bahrain framework agreement targeting commercial operations from 2028, and secured BETA Technologies as pusher motor supplier, supporting a backlog of 2,800 eVTOLs. Today’s successful full‑scale prototype flight advances the technical side of that program.

Market Pulse Summary

This announcement marks a key technical milestone as Eve completed the first flight of its full‑scale eVTOL prototype, initiating a broader test campaign and planning hundreds of flights through 2026. It supports earlier progress on supply chain, regional partnerships, and financing. Investors may track upcoming certification steps toward the targeted 2027 entry into service, the build‑out of 6 conforming prototypes, and how ongoing R&D spending and liquidity from prior raises balance against the pace of development.

Key Terms

evtol technical

"completed the first flight of its uncrewed full-scale eVTOL prototype"

eVTOL stands for "electric vertical takeoff and landing" aircraft, which are small, electric-powered vehicles capable of taking off and landing vertically like a helicopter. They are designed to provide quick, on-demand transportation within cities or between locations, potentially transforming urban mobility. For investors, eVTOLs represent a growing segment of innovative transportation technology with potential for significant market impact and future growth.

urban air mobility technical

"solutions for the Urban Air Mobility (UAM) market, including an electric"

Urban air mobility is the emerging system of using small aircraft—often electric vertical takeoff and landing vehicles and delivery drones—to move people and goods around cities. Think of it as adding a new layer of roads in the sky that could cut travel time and congestion, but it matters to investors because success depends on technology, safety, regulation, airspace rules and new infrastructure, all of which affect costs, adoption and revenue potential.

air traffic management technical

"and a unique air traffic management solution."

Air traffic management is the system of services, procedures and technologies that keep aircraft moving safely and efficiently through airports and airspace, acting like a traffic controller or orchestra conductor for planes. For investors it matters because how well air traffic is managed affects airline on-time performance, fuel and staffing costs, airport capacity and safety — all of which influence revenues, operating expenses, regulatory risk and demand for related technology and infrastructure.

faa regulatory

"including FAA and EASA."

The FAA is the U.S. government agency that oversees civil aviation, including aircraft safety, pilot licensing, air traffic control and rules for new technologies like drones. For investors, FAA actions are like a referee’s calls in a game: their approvals, fines or rule changes can directly affect an airline’s operations, a manufacturer’s ability to sell aircraft, or a technology company’s market access and costs, which in turn can change revenue and risk profiles.

AI-generated analysis. Not financial advice.

• Milestone marks a significant step forward, validating aircraft architecture, fly-by-wire controls and integrated propulsion
• Hundreds of flights planned in 2026 as knowledge gain for certification

GAVIÃO PEIXOTO, Brazil, Dec. 19, 2025 /PRNewswire/ -- Eve Air Mobility (Eve) (NYSE: EVEX, EVEXW; B3: EVEB31), a company dedicated to the development of a suite of solutions for the Urban Air Mobility (UAM) market, including an electric vertical take-off and landing (eVTOL) aircraft, completed the first flight of its uncrewed full-scale eVTOL prototype at Embraer's test facility in Gavião Peixoto, state of São Paulo.

The inaugural flight initiates Eve's flight test phase and confirms the integration of key systems, including the fifth-generation fly-by-wire concept and the fixed-pitch lifter rotors. The company will perform multiple flights following today's hover flight, gradually expanding the envelope to transition into full wingborne flights throughout 2026.

"Today, Eve flew. This is a historical milestone for our employees, customers, investors and the entire ecosystem," said Johann Bordais, CEO of Eve. This flight validates our plan, which has been executed with precision to deliver the best solution for the market. We were able to capture high-fidelity data that will allow us to move forward with safety and confidence towards the certification path."

Eve will manufacture six conforming prototypes to conduct the flight test campaign, aiming for certification. The Company continues to engage with Brazil's Civil Aviation Agency (ANAC), Eve's eVTOL primary certifying authority, to advance the certification process. Looking ahead, Eve expects type certification, first deliveries and entry into service in 2027.

"We exercised our control laws, verified the integration of the eight lifters and assessed energy management, the aircraft's dynamic response and noise footprint," said Luiz Valentini, Chief Technology Officer at Eve. "The prototype behaved as predicted by our models. With these data points, we will expand the envelope and progress toward transition to wingborne flight in a disciplined manner, ramping up to hundreds of flights throughout 2026 and building the knowledge required for type certification."

"This flight gives the product a clear green light to advance what matters to operators: reliability, efficiency and simplicity," said Jorge Bittercourt, Chief Product Officer at Eve. "We validated critical elements, from our lifter architecture to aircraft flight mechanics, and now we move into the flight test phase, aiming to advance the product maturity."

Next steps for the program include progressive envelope expansion and transitions to wingborne flight, as well as continued engagement with ANAC, other regulators and validating authorities, including FAA and EASA.

Eve leverages Embraer's 56 years of aerospace expertise in designing, certifying, manufacturing and delivering state-of-the-art aircraft, as well as the company's global aftermarket service footprint. Eve continues to focus on safety, simplicity and dispatchability to meet operator needs at scale.

Image: Eve Air Mobility First Flight

Eve's full-scale eVTOL mock-up: Eve Air Mobility Mock-Up Images 

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 and public warrants 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.

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SOURCE Eve Air Mobility

FAQ

What did Eve (EVEX) announce on December 19, 2025 about its eVTOL prototype?

Eve announced a successful first uncrewed full‑scale eVTOL flight on Dec 19, 2025, validating key systems and beginning flight testing.

How many prototypes will Eve (EVEX) build for its flight test campaign and why?

Eve will manufacture six conforming prototypes to conduct the flight test campaign and collect certification data.

What is Eve's (EVEX) flight testing plan for 2026?

Eve plans to expand the flight envelope with hundreds of flights in 2026, progressing to wingborne transitions and certification data collection.

When does Eve (EVEX) target type certification and first deliveries?

The company is targeting type certification, first deliveries and entry into service in 2027, subject to regulatory approval and test outcomes.

Which regulators is Eve (EVEX) engaging with for eVTOL certification?

Eve is engaging with Brazil's ANAC as primary certifying authority and continuing dialogue with FAA and EASA.

What systems were validated during Eve's (EVEX) first flight?

The flight validated the fifth‑generation fly‑by‑wire concept, fixed‑pitch lifter rotors, eight lifter integration, energy management, dynamic response and noise footprint.