Eve, linked to Embraer, advances with FlyBIS and envisions flying cars in southern Brazil

This Wednesday (4), Eve Air Mobility, a company linked to Embraer, announced an understanding with FlyBIS Aviation Limited that could lead to the sale of up to 12 eVTOLs, electric vehicles capable of taking off and landing vertically and popularly known as flying cars. According to Money Times, the contract includes two confirmed orders and options to purchase another 10 units. The information is contained in a statement from the companies, according to Money Times and Estadão.

Understanding does not start from scratch. According to Money Times and Estadão, the agreement continues a Letter of Intent (LOI) signed in 2022. The initial signaling, which until then existed as an intention, now takes on a contractual form, which suggests that the project moves from the declaratory to the commercial field.

FlyBIS is described by Estadão as a startup. According to Money Times and Estadão, the company wants to put Eve's eVTOLs into operation in the southern portion of the country, starting with Santa Catarina and Rio Grande do Sul. This is an initiative between private companies, and the information collected does not mention public resources involved.

According to Money Times, the aforementioned route connects Navegantes, Balneário Camboriú and Florianópolis, in Santa Catarina. In the state of Rio Grande do Sul, the aforementioned operation reaches locations in the Serra, including Gramado and Bento Gonçalves. The initial design combines coastal cities and tourist centers in the mountains, which indicates a use aimed at regional travel.

What is at stake is how much of this potential is transformed into actual orders. Of the up to 12 eVTOLs planned, only two are firm orders, and the other ten are purchase rights that depend on future decisions. The available information does not provide the contract value, delivery time or date for the start of operations.

What changes for the investor

For those who follow Embraer, the agreement reinforces Eve's air mobility agenda, but the immediate effect tends to be limited, as most of the units are still purchase rights. The main signal is the conversion of an old intention into a contract, given that the market usually observes the commercial traction of new products. Those who invest must monitor future communications about the transformation of purchase rights into firm orders and the operation schedule, information that the available investigation does not provide. This analysis does not constitute a buy or sell recommendation.

Automatically translated from Portuguese.