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.

Eve Air Mobility and Bahrain’s Ministry of Transportation have signed a Framework Agreement to advance air mobility in the Middle East. This partnership aims to integrate eVTOL aircraft into Bahrain’s infrastructure, focusing on regulatory testing, vertiport development, and workforce training. Commercial operations are projected to begin in 2028, with international routes planned for 2029. Eve is also evaluating potential routes in regional hubs and designing eVTOLs tailored for the Middle East’s climate.