Eve Air Mobility Secures an Order for Up to 16 eVTOL Aircraft from Shearwater Global Capital, Bay Point's Aviation Finance Company
Rhea-AI Summary
Eve Air Mobility (NYSE: EVEX) signed a Letter of Intent with Shearwater Global Capital, the aviation finance company of Bay Point, for up to 16 eVTOL aircraft. The LOI aligns with Shearwater’s strategy to expand into advanced air mobility and offer leasing solutions for emerging aircraft classes.
According to Eve, Shearwater and Bay Point plan to leverage Eve’s existing aircraft commitments to provide financing and leasing that can support operator fleet deployment. The prospective order adds to Eve’s disclosed backlog of eVTOL commitments and underscores collaboration with lessors, operators, investors, and infrastructure partners as the advanced air mobility market moves toward commercialization.
Positive
- LOI for up to 16 eVTOLs with Shearwater, Bay Point’s aviation finance company
- Prospective order adds to Eve’s disclosed eVTOL backlog from global customers and investors
- Partnership supports leasing-based access to Eve aircraft for air mobility operators
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 14 | Flight-test progress | Positive | +4.2% | Flight testing advanced toward transition evaluation and six conforming prototypes planned. |
| Jul 13 | Sustainability report | Positive | -5.8% | Sustainability report highlighted cleaner transportation, renewable energy, and governance initiatives. |
| May 05 | Quarterly earnings | Negative | -5.6% | First-quarter loss and higher R&D costs outweighed reported liquidity resources. |
| Apr 09 | Test-flight milestone | Positive | -1.5% | The fiftieth test flight added prototype data supporting certification planning. |
| Mar 25 | Prototype demonstration | Positive | +4.4% | Public prototype demonstration reported flight progress and propulsion performance above expectations. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The five-event record was mixed, with three reactions aligned with apparent news sentiment and two divergences.
Key Terms
evtol technical
letter of intent financial
asset-based financing financial
air traffic management technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
The agreement demonstrates growing demand for advanced air mobility and leasing solutions for eVTOLs.
FARNBOROUGH,
The order marks a step in Shearwater's strategy since joining Bay Point in April 2026 as a lessor to invest in transformative aviation technologies, expand its business aviation portfolio, and align with the future of sustainable transportation. As a financial institution focused on aviation investments, Shearwater and Bay Point intend to leverage Eve's industry-leading backlog to offer leasing solutions that will advance air mobility operators access aircraft and accelerate fleet deployment. The companies will also explore additional financing opportunities as demand grows for advanced air mobility and efficient, lower-emissions transportation solutions.
"We are pleased to welcome Shearwater to Eve's growing network of customers and partners," said Johann Bordais, CEO of Eve Air Mobility. "We believe advanced air mobility will play an important role in shaping the future of transportation, and we look forward to supporting Shearwater as it offers leasing solutions to the market."
Eve's eVTOL aircraft is designed to deliver an efficient, sustainable, and customer-centric transportation experience. Backed by more than five decades of Embraer's aerospace expertise, Eve's aircraft and service ecosystem are positioned to support operators seeking to introduce advanced air mobility services safely and efficiently.
"This order reflects our confidence in Eve's technology, leadership team, and vision for advanced air mobility," said Chris Miller, managing director – Aviation, Shearwater Global Capital, a Bay Point company. "We believe advanced air mobility will become a global market, and Shearwater intends to play a leading role in supporting that growth through innovative leasing solutions. By leveraging Eve's industry-leading backlog and integrated ecosystem of aircraft and services, we see a compelling opportunity to help operators expand and create long-term value."
The agreement adds to Eve's industry-leading backlog of aircraft commitments from customers and investors worldwide and highlights continued momentum in the advanced air mobility sector and the growing commercial value of its ecosystem.
As the AAM industry advances toward commercialization, Eve continues to work with operators, investors, lessors, and infrastructure partners worldwide to develop practical, scalable use cases that enable safe, efficient, and sustainable air transportation.
Images: Bay Point eVTOL
About Shearwater Global Capital
Shearwater Global Capital, the aviation finance company of Bay Point, is a specialist aviation lender providing asset-based financing to borrowers globally. The firm, founded in 2014 by Chris Miller, focuses on non-bank clients across commercial and private aviation, with deep expertise in pre-delivery financings, special mission aircraft, and older-vintage assets. Shearwater joined Bay Point, an
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.
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SOURCE Eve Air Mobility