The tech will lead to air taxis flying themselves as part of urban transport. Embraer's eVTOL spinoff Eve starts trading today on the NYSE.
The companies tested for normal and edge-case scenarios in take-off, climb, cruise, approach and landing. The helicopters had professional pilots while the onboard systems captured data that would be used in future eVTOL aircraft. Embraer and Eve have been testing sub-scale models for about 20 months to validate the design.
The testing was done from a helicopter but gives Eve data about takeoff and landing for future eVTOL aircraft. Julio Bolzani, head of Embraer’s autonomous systems, said that the company won’t be going to full autonomy with its Eve prototypes. “Pilots will be on board [the first aircraft] and will also benefit from the application of these technologies through a safer and simplified vehicle operation until we reach a fully certified autonomous flight system for Urban Air Mobility,” he said.
Eve also announced that it would begin trading today on the New York Stock Exchange under the symbols EVEX and EVEXW. The company completed its merger with Zanite Acquisition Corp., which traded in the Nasdaq market, and changed its name to Eve Holding, Inc. The merger with Zanite was expected to raise $510 million for the company.Andre Stein, co-CEO of Eve, said the transaction will give the startup “growth capital.
Eve expects its first eVTOL aircraft to be certified in late 2025 and on the market in 2026. This rendering shows it over New York City. When it comes to conventional aircraft manufacturers jumping into the eVTOL segment, Embraer is on its own. It expects to have its first eVTOL certified in 2025, with commercial deliveries starting a year later. The aircraft will have a cruise speed of 125 mph and range of 50 miles.
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