Eve will receive BRL 490 million to carry out the first phase of the development of an electric vertical takeoff and landing aircraft (eVTOL). The zero-emission vehicle should be made available on the market in 2026.
Eve is an independent company founded by Embraer, the holding company tasked with manufacturing military, commercial, executive, and agricultural aircraft.
According to Brazil’s development bank BNDES, which is financing the project, the vehicle, also known as flying car, “will be designed to perform urban flights with low noise levels and greater sustainability compared to traditional vehicles.”
The BRL 490 million investments account for 75 percent of the total put into the project’s research and development phase, which is reported to total BRL 652 million.
The battery-powered vehicle will be able to carry four passengers and the pilot for a distance of up to 100 kilometers. Per the specifications, the aircraft will emit up to 90 percent less noise than helicopters.
In the coming decades, the urban air mobility market will be driven by growing populations, land space limitations, and high infrastructure improvement costs, as well as the high local pollution levels of traditional means of transportation, BNDES stated. “With innovative technology, eVTOLs will enable short trips faster than traditional modes and with zero local greenhouse gas emissions,” the institution noted.
