electric motors
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.Beta shares surge after motor deal with air‑taxi maker Eve Air Mobility
words.Beta Technologies’ shares rose 8% after Eve Air Mobility announced a potential $1 billion, ten‑year agreement for electric motors from the Vermont supplier. Eve, backed by Embraer, disclosed a backlog of about 2,800 eVTOLs and its stock jumped 12%. The deal secures a long‑term customer for Beta, projecting roughly $100 million in annual revenue and enabling economies of scale in a market expected to hit $50 billion by 2035. It also reduces Eve’s supply‑chain risk and supports its goal of 500 aircraft per year by 2028.
