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Tuesday, July 21, 2026

Brazilian Embraer’s Eve Nears 2,700 eVTOL Orders

By · July 20, 2026 · 4 min read

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Brazil · Business

Key Facts

The maker. Eve Air Mobility, spun out of Brazil’s Embraer, is building electric air taxis known as eVTOLs.

New orders. It signed fresh letters of intent for up to 16 and up to 30 more aircraft, announced in July.

The pipeline. Eve now reports close to 2,700 aircraft commitments worldwide.

The aircraft. Its model, the Eve 100, flew a full-scale demonstrator in December 2025, with hundreds of test flights planned this year.

The parent. Embraer, meanwhile, forecasts demand for 8,500 commercial jets through 2045.

Brazil’s bet on flying taxis keeps adding customers. Eve eVTOL orders are piling up for Embraer’s electric-aircraft spin-off, which now counts its global commitments in the thousands as it pushes toward certification.

Eve's Q3 Loss Widens to $35.8M Amid eVTOL Development
Eve eVTOL Orders Near 2,700 as Embraer’s Air Taxi Gains (Photo internet reproduction)
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In July, Eve Air Mobility signed letters of intent covering up to 16 aircraft with one financier and up to 30 with another, the company said, extending a run of deals that has taken its total commitments toward 2,700.

Turning a concept into an orderbook

An eVTOL, short for electric vertical take-off and landing aircraft, is designed to move a handful of passengers across a city cleanly and quietly, a category still years from everyday service. Eve’s task now is to convert interest into firm, certified deliveries.

There is real progress. Its aircraft, branded the Eve 100, completed a full-scale demonstrator flight in December 2025, and the company has planned hundreds of test flights across 2026, the grind that turns commitments into a working product.

A Brazilian aerospace story

Eve is one arm of a wider Embraer moment. The parent company is forecasting demand for 8,500 commercial jets through 2045 and continues to win airline interest, including from the group behind Brazil’s Gol, which is nearing an order for its E2 jets.

For investors, the eVTOL pipeline is a long-dated bet: large in ambition, uncertain in timing, and dependent on regulators certifying an aircraft type that barely exists in commercial service yet.

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E
◆ Live Company Intelligence
Embraer
NYSE: ERJEMBJ3IndustrialsAerospace & Defense20,923 employees
$12.33B
Market cap
Analyst target $68.50

Wall Street view

3.9Moderate Buy/ 5
10 Buy3 Hold1 Sell
Avg. price target $68.50  ·  +30% vs 200-day

Valuation & profitability

Market cap$12.33B
Revenue (TTM)$39.80B
P / E ratio37.7
Profit margin5.4%
Return on equity11.3%

Price & risk

52-wk low
$46.15
52-wk high
$66.87
Beta (volatility)0.92
200-day average$52.79

Revenue trend · 6y

20192024
Latest $6.39B

Ownership

Institutions46.0%
Shares outstanding183M
Top holderGQG Partners LLC
Institutional holders5+ funds

Dividend

Yield0.1%
Payout ratio31.0%
Fwd. annual$0.05
What Embraer does. Embraer S.A., together with its subsidiaries, designs, develops, manufactures, and sells aircraft and systems worldwide. It operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets. Its Defense & Security segment develops and produces military aircraft and…
Data: EODHD fundamentals (ERJ.US) · figures in USD · as of 21 Jul 2026More company intelligence →

What an air taxi actually is

Eve, a company spun out of the Brazilian planemaker Embraer, is building a small electric aircraft that takes off and lands straight up like a helicopter but is designed to be quieter, cleaner and cheaper to run. The idea is to carry a handful of passengers on short hops across a city or to a nearby airport, skipping the traffic below. The industry label for these machines is “eVTOL,” short for electric vertical take-off and landing, but in plain terms it is an electric air taxi.

Eve’s prototype made its first flight in December 2025 and has been going through test flights since, backed by Embraer’s decades of aircraft experience. That pedigree is a big reason airlines and leasing firms have been willing to line up early.

A reality check on the order book

The near-2,700 figure sounds enormous, but most of those are letters of intent, essentially reservations, rather than firm, paid orders. No air taxi of this kind is yet approved to carry paying passengers anywhere in the world, and Eve still has to clear demanding safety certification before its first deliveries, which it expects later this decade. The long order list shows real interest in the idea; turning it into aircraft flying over cities is the harder part still ahead.

Eve is not alone in the race. American rivals such as Joby Aviation and Archer are chasing the same goal, and all of them face the same hurdles: proving the aircraft are safe, building the landing pads and charging points a city network would need, and convincing passengers to climb aboard. Whoever gets there first, the technology is still years from being an everyday way to cross town.

Frequently Asked Questions

What is Eve Air Mobility?

An electric-aircraft company spun out of Brazil’s Embraer, developing eVTOL air taxis. Its model, the Eve 100, flew a full-scale demonstrator in December 2025.

How many orders does Eve have?

Eve reports close to 2,700 aircraft commitments worldwide, most of them letters of intent, including new July deals for up to 16 and up to 30 aircraft.

What is an eVTOL?

An electric vertical take-off and landing aircraft, designed to carry a few passengers across cities cleanly and quietly. The category is still years from routine commercial service.

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