Eve Air Mobility and Revo Accelerate Urban Air Mobility with $250M Contract

Core Insights - Eve Air Mobility has signed a binding framework agreement with Revo and its parent company Omni Helicopters International to purchase up to 50 eVTOL aircraft, marking a significant step in urban air mobility [1][2] - The agreement signifies a transition from development to execution for Eve, enhancing its position in the UAM market and demonstrating confidence in its technology [2][4] - Revo will be the launch operator for Eve's eVTOLs in São Paulo, with the first delivery expected in Q4 2027, aiming to provide a sustainable and efficient urban transport solution [2][3] Company Overview - Eve Air Mobility is focused on advancing the Urban Air Mobility ecosystem, leveraging Embraer's aerospace expertise and offering a comprehensive support network for eVTOL operations [6] - Revo, founded in January 2024, aims to provide a seamless door-to-door travel experience in São Paulo, integrating aerial and ground transportation [10] - Omni Helicopters International is the largest provider of air mobility solutions in Latin America, with a diverse portfolio catering to various customer segments [7][8] Strategic Importance - The partnership between Eve, Revo, and OHI is a strategic collaboration aimed at revolutionizing urban mobility and enhancing connectivity in congested cities [4][5] - The eVTOL aircraft will enable Revo to offer a fully electric and sustainable service, significantly reducing travel time between key locations in São Paulo [3][5] - The agreement includes access to Eve's TechCare package, which provides operational support to maximize fleet performance [4]