Eve Holding (EVEX) Completes First Uncrewed eVTOL Prototype Flight

Company Overview - Eve Holding, Inc. (NYSE:EVEX) is an urban air mobility company focused on developing and commercializing electric vertical takeoff and landing (eVTOL) aircraft for urban transportation and regional connectivity [5]. Recent Developments - On December 19, Eve Air Mobility conducted the first flight of its uncrewed full-scale eVTOL prototype at Embraer's test facility in São Paulo, Brazil, marking a significant milestone for the company [1]. - The initial test involved a hover flight that confirmed the aircraft's architecture, integrated propulsion system, and fifth-generation fly-by-wire controls, with assessments on control laws, energy management, dynamic response, noise levels, and rotor integration [2]. - The management plans to follow this test with multiple additional flights throughout 2026, gradually expanding the test envelope and transitioning to full wingborne operations, aiming for hundreds of flights to gather data for type certification by Brazil's Civil Aviation Agency [3]. Strategic Partnerships - On December 8, Cantor Fitzgerald reiterated its Overweight rating on Eve Holding after the company announced a partnership with BETA Technologies to supply electric pusher motors for its eVTOL aircraft, which strengthens Eve's development efforts and validates BETA's aftermarket services [4].