Tian Yu (founder & chairman)
Data verified as of Aug 19, 2026
AutoFlight (Shanghai Fengfei Aviation Technology) is a Shanghai-based eVTOL developer founded by Yuneec founder Tian Yu, with R&D and certification outposts in Augsburg, Germany and Shenzhen. It leads the world in cargo eVTOL: its autonomous 2-ton CarryAll (V2000CG) holds the complete CAAC certificate set - the world's first ton-class eVTOL type certificate (March 2024), production certificate (December 2024), and airworthiness certificate with first customer delivery (July 2025) - plus the world's first overseas eVTOL type-certificate validation, from Indonesia's DGCA in June 2026. CarryAll flies real missions, from offshore oil-platform resupply with CNOOC to mountain tea logistics in Guizhou. The passenger Prosperity, which set a 250.3 km world-record eVTOL flight in 2023 and flew the first cross-sea Shenzhen–Zhuhai demo in 2024, is in CAAC type certification, and a 5.7-ton, 10-seat V5000 'Matrix' platform entered certification in 2026. Backed by ~$100M from Team Global and a strategic investment of 'hundreds of millions of dollars' from battery giant CATL.
AutoFlight and Indonesian operator Whitesky Aviation signed a memorandum of understanding on August 12 in Jakarta covering 60 V2000EM Prosperity passenger eVTOL aircraft, with a cumulative potential value of about 1 billion yuan if all stages are realized. The non-binding deal initially targets premium VIP air-taxi service, with Whitesky providing local operations, vertiports and support while AutoFlight supplies the aircraft.
CATL said its aviation battery system built on 350 Wh/kg prismatic cells passed a thermal-runaway propagation test in which two adjacent cells were triggered simultaneously at both the center and corners of the pack, with no propagation to other cells in any test, a result reported around August 9-10. China's CAAC was involved in manufacturing, inspection and testing of the cells, and CATL said the system is ready for mass production, with passenger eVTOL maker Autoflight, in which CATL is a strategic investor, first in line to use it.
China's aviation regulator CAAC published its first airworthiness compliance roster for passenger eVTOL makers, naming four companies including XPeng affiliate Aridge, AutoFlight, and EHang's Guangzhou equipment unit. Companies on the list get streamlined certification processing, priority handling of application materials, and cross-batch recognition of phased test results, shortening the path to commercial eVTOL operations in China.
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Autonomous 2-ton cargo eVTOL - a carbon-fiber lift-and-cruise design with 13 propellers (10 lift + 3 pusher), 400 kg payload, 200 km/h cruise, and 200–250 km range. The world's first and only ton-class eVTOL holding the full CAAC type, production, and airworthiness certificate set.
Fully certified (TC Mar 2024, PC Dec 2024, AC Jul 2025) and in commercial operation - offshore oil-platform resupply, mountain tea logistics, emergency delivery - with the world's first overseas TC validation granted by Indonesia's DGCA in June 2026.
Passenger air-taxi variant of the V2000 platform carrying a pilot plus four passengers, with a 200 km/h cruise and 250 km range. Holder of the 2023 world-record 250.3 km eVTOL flight and the first inter-city cross-sea eVTOL demonstration (Shenzhen–Zhuhai, 2024).
CAAC type-certificate application accepted April 2024; in the compliance-verification phase as of May 2026, with the company targeting certification in 2026 and commercial passenger operations in 2027–2028; not yet granted as of early August 2026. First unit delivered to a Japanese customer in April 2024 for demonstration use.
5.7-ton heavy-lift platform seating 10 passengers or carrying 1.5 tons of cargo in 14 m³, with a 280 km/h cruise and 250 km electric range - up to 1,500 km for the hybrid-electric cargo variant V5000CGH.
Completed a full transition flight (reported February 2026); the V5000CGH cargo variant entered CAAC airworthiness certification in May 2026 after a mixed-fleet formation flight.
Prosperity passenger eVTOL type certification
The CAAC accepted the Prosperity's type-certificate application in April 2024 and the program remains in the compliance-verification phase as of mid-August 2026, with the company targeting certification in 2026. On July 22, 2026 the CAAC named AutoFlight in its proposed first batch of companies compliant for passenger-eVTOL airworthiness certification (alongside Aridge, EHang, and Volant), a move meant to shorten the certification cycle. Certification would be AutoFlight's gateway from cargo into passenger flight - and would make it the second Chinese company with a certified passenger eVTOL after EHang. As of August 19, 2026 the type certificate has not yet been granted.
Launch commercial inter-island cargo operations in Indonesia
Following the June 3, 2026 DGCA type-certificate validation - the world's first overseas eVTOL validation - AutoFlight and its Indonesian partners plan to stand up commercial inter-island cargo operations, its first overseas market. No firm start date has been announced as of August 19, 2026.
Begin commercial passenger air-taxi operations
Following Prosperity certification, AutoFlight plans commercial passenger operations in 2027–2028 on high-value corridors such as the demonstrated Shenzhen–Zhuhai cross-sea route (~20 minutes vs ~3 hours by car), initially with safety pilots aboard.
Convert Indonesia MOU into AutoFlight's first Southeast Asian eVTOL order
AutoFlight and Indonesian operator Whitesky Aviation signed a non-binding MOU on August 12, 2026 in Jakarta covering 60 V2000EM Prosperity passenger eVTOL aircraft, with a cumulative potential value of about 1 billion yuan if all stages are realized. The deal initially targets premium VIP air-taxi service, with Whitesky providing local operations, vertiports and support while AutoFlight supplies the aircraft; no firm order, delivery schedule, or entry-into-service date has been disclosed yet.
Begin Hong Kong cargo flight trials under Regulatory Sandbox X
Having been selected for the inaugural round of Hong Kong's Regulatory Sandbox X low-altitude economy program, AutoFlight and its Hong Kong partners (AECOM Asia/Chun Wo; China Travel Service HK/China Mobile HK/Esri China HK) plan to fly cargo routes across the Greater Bay Area, starting with construction-material deliveries to remote New Territories sites. A May 2026 report said trials could begin within six months; as of late July 2026 they were reported as imminent but had not yet started.
AutoFlight is the world's furthest-along cargo-eVTOL company: the 2-ton CarryAll holds the complete CAAC certificate set (TC/PC/AC), is delivering to customers, and flies real missions - offshore oil-platform resupply with CNOOC/CITIC (Aug 2025), mountain tea logistics in Guizhou (Apr 2026) - while the June 2026 Indonesian type-certificate validation opens its first overseas commercial market, though no firm start date for Indonesian operations has been announced. AutoFlight was also selected in 2026 for Hong Kong's Regulatory Sandbox X low-altitude economy trials, with cargo flight trials in the Greater Bay Area expected in H2 2026. The passenger Prosperity is in the compliance-verification phase of CAAC type certification, and the 5.7-ton V5000 platform flew its full transition and entered certification in H1 2026.
Cargo eVTOL Sales & Logistics Missions
Sales of the certified CarryAll to logistics and specialty operators (first delivery July 2025; ~$1.8M unit price signal) and revenue-type missions spanning offshore platform resupply, mountain logistics, and emergency delivery.
The Prosperity passenger eVTOL - pilot plus four passengers - is in CAAC type certification, with commercial air-taxi operations planned for 2027–2028 on corridors like the demonstrated Shenzhen–Zhuhai route.
Employees
~300
Est. Annual Revenue
Undisclosed (private). Early commercial revenue from CarryAll sales - e.g. a $21.5M/12-aircraft deal (Feb 2025) - plus the CITIC 100-unit purchase intent; funded by the $100M Series A and CATL's undisclosed strategic round
Certifications
CarryAll: world-first ton-class cargo eVTOL TC (Mar 2024), PC (Dec 2024), AC (Jul 2025) - only ton-class eVTOL with the full CAAC set - plus world-first overseas TC validation (Indonesia DGCA, Jun 2026)
Order Pipeline
~1,100 preorders/framework agreements - incl. EvFly (205), CITIC Offshore Helicopter + CITIC Financial Leasing (100 intent), ZTO Express (30 cargo), Falcon Aviation Services/ADNOC (50: 15 CarryAll + 35 Prosperity, signed Oct 27, 2025); plus a 50-aircraft V2000/V5000 framework MOU with Kazakhstan's Alatau Advance Air Group (AAAG, signed May 19, 2026) and a 60-aircraft V2000EM Prosperity MOU with Indonesia's Whitesky Aviation (signed Aug 12, 2026, up to ~1B yuan if fully realized)
The 10-seat, 5.7-ton V5000 completes its full transition flight on February 5, 2026 at AutoFlight's Kunshan test base, and its hybrid cargo variant V5000CGH enters CAAC airworthiness certification in May after a mixed-fleet formation flight. In April, CarryAll performs China's first 2-ton eVTOL tea-delivery operation - 120 km over Guizhou mountains in 37 minutes.
On June 3, 2026, Indonesia's DGCA validates the CarryAll's CAAC type certificate - the first time any eVTOL type certificate has been validated by an overseas regulator - clearing the path for commercial inter-island cargo operations in Indonesia.
On August 12, 2026 in Jakarta, AutoFlight and Indonesian operator Whitesky Aviation sign a memorandum of understanding covering 60 V2000EM Prosperity passenger eVTOL aircraft for the Indonesian market, with a cumulative potential value of about 1 billion yuan (roughly IDR 2.7 trillion) if all stages are realized. The non-binding agreement initially targets premium VIP air-taxi service with room to expand into broader transport, with Whitesky providing local aviation operations, vertiport development and support while AutoFlight supplies the aircraft.
On May 19, 2026, AutoFlight flies a 2-ton-class eVTOL in Almaty, Kazakhstan - the first advanced air mobility flight of a large eVTOL in Central Asia - in partnership with Alatau Advance Air Group (AAAG), which had already purchased and paid for aircraft. At the event AAAG signs a framework MOU to buy 50 additional V2000/V5000-series aircraft to build out low-altitude transport networks in the region; AutoFlight follows up with a Prosperity air-taxi demonstration flight at the Games of the Future in Astana on July 24.
Around August 9-10, 2026, strategic investor CATL says its aviation battery system, built on 350 Wh/kg prismatic cells, passed a thermal-runaway propagation test in which two adjacent cells were triggered simultaneously at both the center and corners of the pack, with no propagation to other cells in any test. China's CAAC was involved in manufacturing, inspection, and testing of the cells. CATL says the system is ready for mass production, with AutoFlight first in line to use it.
AutoFlight is chosen for the inaugural round of Hong Kong's 'Regulatory Sandbox X' low-altitude economy program (reported mid-May 2026), with its 2-tonne-class heavy-lift eVTOL used in two of the four approved projects - one led by AECOM Asia with Chun Wo Construction and Engineering, the other led by China Travel Service (Hong Kong) with China Mobile Hong Kong and Esri China (Hong Kong) - to trial cargo routes across the Guangdong-Hong Kong-Macao Greater Bay Area, starting with construction-material deliveries to remote New Territories sites. AECOM has flagged aerial-sightseeing tourism over Victoria Harbour as a possible next step once cargo safety is proven.
On April 10, 2025, AutoFlight breaks ground on a new assembly and exhibition facility in Wuhan's Hanyang District - its first manufacturing presence in Central China - handling final assembly, ground and flight testing, sales, delivery and public display. At the ceremony, the China United Nations Procurement Promotion Association names Hanyang Investment Development Group (AutoFlight's local partner and a customer under a 157M yuan, 12-aircraft order signed in February 2025) the first registered eVTOL supplier for UN procurement.
On July 21, 2025 the CarryAll receives its airworthiness certificate and the first unit is delivered to Heli Chuangxing Intelligent - making it the only ton-class eVTOL holding the full TC+PC+AC set. On August 3 it flies the world's first 2-ton eVTOL offshore oil-platform mission: 150 km from Shenzhen to CNOOC's Huizhou 19-3 platform in 58 minutes with 400 kg of supplies.
On October 27, 2025 in Shanghai, Emirati operator Falcon Aviation Services signs an order for 50 AutoFlight aircraft - 15 V2000CG CarryAll cargo and 35 V2000EM Prosperity passenger units - to support Abu Dhabi National Oil Company (ADNOC) operations, with representatives of ADNOC attending the signing. It is AutoFlight's largest single customer commitment to date and its first major Middle East deal, with first deliveries targeted by the end of 2025.
On November 22, 2025, AutoFlight publicly demonstrates a mobile, zero-carbon water-based vertiport at Dianshan Lake in Kunshan, developed with strategic partner CATL - a floating platform combining eVTOL landing pads, solar charging/storage, and intelligent dispatch that lets eVTOLs operate from rivers, lakes and coastal zones without land-based construction, targeting use cases like offshore energy-platform maintenance, emergency rescue and marine-aerial tourism.
In February 2024 Prosperity flies the ~50 km Shenzhen–Zhuhai route across the Pearl River Delta autonomously in about 20 minutes - the world's first inter-city, cross-sea eVTOL demonstration. Weeks later the CAAC grants the CarryAll (V2000CG) the world's first type certificate for a ton-class cargo eVTOL, and in April AutoFlight delivers its first Prosperity to a Japanese customer and files the Prosperity's own TC application.
In August 2024 battery giant CATL makes an exclusive strategic investment of 'hundreds of millions of dollars' with joint aviation-battery R&D. On December 24, the CAAC grants the world's first production certificate for a 2-ton-class eVTOL, authorizing CarryAll series production.
Tian Yu - who previously founded drone maker Yuneec and holds 300+ aviation patents - founds AutoFlight in Shanghai to build autonomous eVTOLs, initially for logistics. (Some sources date the founding to 2017; the Shanghai Fengfei legal entity was registered in 2019.)
EHang
eVTOL +1
EHang is a Guangzhou-based autonomous aerial vehicle company and the regulatory first-mover of the global eVTOL industry. Its pilotless two-passenger EH216-S holds the world's first type certificate (October 2023), standard airworthiness certificate, production certificate, and - since March 2025 - the first air operator certificates for pilotless passenger eVTOLs, all from China's CAAC. Its certified operators have flown 3,000+ trial commercial missions in Guangzhou and Hefei with zero accidents, though the public ticketed launch has slipped past its original March 2026 target pending additional CAAC requirements. EHang delivered 221 aircraft in 2025 and debuted the VT35, a long-range (200 km) lift-and-cruise eVTOL, in October 2025. Its aircraft have flown in 23 countries, with recent firsts in Qatar, Mexico, Switzerland, and (on August 10, 2026) Kazakhstan - Central Asia's first pilotless human-carrying eVTOL flight, in Astana - and a Hong Kong regulatory-sandbox selection in June 2026. Audited FY2025 revenue was RMB418M, about 18% below the unaudited figure, and the stock is down ~58% in 2026 amid regulatory delays and sector headwinds.
Airbus
eVTOL
Airbus is Europe's largest aerospace company, spanning commercial aircraft, helicopters, defence and space. In civil aviation it remains Boeing's only true peer at global scale and is pairing near-term production growth with longer-term work on lower-carbon aircraft technologies, future single-aisle designs and hydrogen propulsion. The company combines a mature global airliner business with broader aerospace capabilities across defence, space and rotorcraft. Q1 2026 was unusually weak - 114 deliveries (vs. 136 a year earlier), revenue down 7% to EUR 12.65B and adjusted EBIT halved to EUR 300M due to Pratt & Whitney engine shortages and Chinese delivery disruptions - but Airbus reaffirmed full-year 2026 guidance of ~870 deliveries, EUR 7.5B adjusted EBIT and EUR 4.5B free cash flow, with a record commercial backlog above 9,000 aircraft. Output recovered strongly through mid-year: official figures reported July 10 showed 351 deliveries in H1 2026 (up ~15% YoY), Airbus's best first half since 2019, and the backlog stood at 9,216 aircraft at end-June. At a measured Farnborough Airshow (July 20-24, 2026) Airbus booked roughly 157 firm commercial orders plus commitments (of a show-wide $84.7B / 353 firm aircraft), headlined by SMBC Aviation Capital's 100 A320neo-family jets, VietJet's 20 A330neos (~$7.4B), and new A350-1000 orders from Riyadh Air and Philippine Airlines, with CEO Guillaume Faury reaffirming the ~870-delivery full-year target. On July 26 Airbus announced a EUR 5B share buyback and raised medium-term targets, and on July 29 it reported H1 2026 results: revenue up 12% YoY to EUR 33.2B on 351 deliveries, powered by a record Q2 (237 deliveries, +39% YoY). Airbus's official July tally, published August 7, showed the delivery pace cooling further to 67 aircraft (39 customers) and 204 gross orders, taking YTD deliveries to 418 versus 373 at the same point in 2025 - still 51 aircraft ahead of Boeing (367 YTD) but below the roughly 85-90/month cadence needed to reach the 870-aircraft target. August's official tally showed a further cooldown to 47 aircraft delivered to 31 customers and 46 gross orders (including airBaltic firming 10 more A220-300s), taking YTD deliveries to 465 - now requiring an average of roughly 100 aircraft a month over the final four months of the year to hit the 870-aircraft guidance. Part of the August softness traces to a production quality issue on the A330neo: Airbus found a stray tool and other quality lapses on the horizontal tail plane (assembled at its Getafe plant) that nearly halted A330neo deliveries for three months - zero handed over in June and July, just one in August, to Starlux Airlines - before Airbus said in early September the root cause was identified, the issue was isolated and unrelated to the Spain labor dispute, and deliveries had resumed. Two other supply and schedule risks continue to shadow the ramp: Airbus's dispute with Pratt & Whitney over shorted A320neo engine deliveries has hardened into a formal damages claim that could go to arbitration, and the A350F freighter has now penciled in a tentative first-flight date around September 24, 2026 (reports August 19-20), with first delivery still targeted for the second half of 2027 - a tight but so-far-unrevised schedule given typical 12-15 month flight-test campaigns. Airbus also confirmed two divisional leadership changes already in effect this year (Lars Wagner as Commercial Aircraft CEO since January, Matthieu Louvot as Airbus Helicopters CEO since April) and a board chair transition, with Amparo Moraleda succeeding Rene Obermann on October 1, 2026. Thousands of Airbus workers in Spain resumed an indefinite strike the week of August 24 after rejecting a pay offer; on August 31 workers voted 81% to keep striking rather than suspend it, and on September 1 SIMA-mediated talks with the three unions leading the walkout (CGT, UGT, UTIL) broke down without agreement, so Airbus shifted to a parallel negotiating track with non-striking unions (CCOO, SIPA, ATP) while the indefinite strike, and its drag on production, continued into early September with no resolution yet. On the defense side, Airbus also picked up two notable wins in mid-to-late August: a $115 million U.S. Army contract (option for two more) for 10 UH-72B Lakota helicopters announced August 14, and a EUR 5.4 billion (~$6.3B) Spain-Poland framework agreement approved by Spain's Council of Ministers on August 25 for the joint procurement of seven A330 MRTT tankers (three for Spain, four for Poland) under the EU's SAFE instrument, to be assembled at Airbus's Getafe site with Polish deliveries targeted by 2030 and definitive contracts still to be negotiated. Airbus's stock has held up despite the noise, with a market cap of roughly $190B in mid-August 2026. Separately, on August 29, 2026 the Financial Times reported that Airbus is reviewing its US small-satellite manufacturing business at Merritt Island, Florida (more than 200 staff and several hundred million dollars in annual revenue), with a sale among the options; Airbus confirmed the review and said it is separate from its planned European space combination with Leonardo and Thales.
Archer Aviation
eVTOL
Archer Aviation is an electric aircraft company building Midnight, a piloted four-passenger eVTOL for short urban trips, while expanding into defense, powertrain sales, and aviation software. As of Q1 2026 Archer had passed 700 Midnight test flights, completed 70% of for-credit FAA flight-test points, and formally closed FAA Phase 3 in April 2026 - the first eVTOL company to do so - unlocking Type Inspection Authorization (TIA) and entering Phase 4 (formal compliance testing). In the UAE, the GCAA transitioned Midnight to a Restricted Type Certificate (RTC) program on May 7, 2026, targeting initial commercial certification as early as Q3 2026 - meaning Abu Dhabi is likely to see the first Midnight passenger flights before the U.S. The critical remaining FAA milestone is a publicly demonstrated piloted transition flight (VTOL→forward-flight mode), which is slated for H2 2026 and had still not been publicly demonstrated as of August 30, 2026. U.S. operations are targeted for H2 2026 in Florida, New York, and Texas under the eIPP. Archer is also the named official air taxi provider of the 2028 LA Olympics. On July 15, 2026, Archer unveiled Zee, an aviation-specific AI foundation model trained on ADS-B, air-traffic, and flight data, extending its ambitions beyond air taxis into aviation software. On July 20, 2026 at the Farnborough Airshow, Archer and Anduril unveiled a jointly-developed autonomous, series hybrid-electric tilt-rotor VTOL platform - a defense variant, Anduril's Group 5 'Thunder' attack rotorcraft, and Archer's commercial 'Halo' variant - sending Archer shares up about 20%. On August 3, 2026, Korean Air - which agreed in October 2025 to become Archer's exclusive commercialization partner in South Korea for up to 100 Midnight aircraft - said it will lead conversion and systems integration of a militarized Midnight variant for South Korea's Advanced Air Mobility defense program, extending Archer's defense ambitions into an international export partnership. On August 10, 2026 Archer reported Q2 2026 revenue of $5M (up 213% sequentially, beating estimates) but a wider-than-expected GAAP loss of $0.34/share on a one-time litigation settlement; Adjusted EBITDA loss was $177M and total liquidity fell to about $1.6B, and the company held Q3 2026 Adjusted EBITDA guidance at a loss of $170-200M. Archer also disclosed that during the quarter the FAA approved its quality management system, enabling FAA-creditable conformity findings across the aircraft, its components, and systems - Archer says this makes it the only eVTOL OEM in Phase 4 of type certification with an accepted means of compliance, on top of more than 150 piloted Midnight test flights completed (some exceeding 50 miles). The same day, Archer announced a deal to acquire Boeing's Wisk Aero, Insitu and SkyGrid businesses in exchange for a Boeing equity stake of up to 19.75%, a transaction still subject to Hart-Scott-Rodino antitrust review and expected to close by year-end 2026.
Aridge
eVTOL
Aridge - known as XPeng AeroHT until an October 2025 rebrand - is the Guangzhou-based flying-car affiliate of EV maker XPeng, majority-owned by XPeng and its CEO He Xiaopeng. Its flagship Land Aircraft Carrier pairs a six-wheel hybrid van with a detachable two-seat eVTOL air module that the van stores, recharges, and auto-launches. The company has taken 7,000+ pre-orders at under RMB 2M apiece (including a 600-unit Middle East bulk order), completed the world's first flying-car mass-production factory in Guangzhou (first module off the line November 2025, 10,000 units/year design capacity), and has raised roughly $1B in equity - with first customer deliveries targeted for late 2026 pending CAAC certification and a confidential Hong Kong IPO filed in January 2026. A six-seat hybrid tiltrotor, the A868, is in flight testing.
Beta Technologies
eVTOL
Beta Technologies is an electric aerospace company building the ALIA aircraft family, electric propulsion systems, charging infrastructure, batteries, and flight-critical systems for cargo, passenger, medical, and defense markets. Founded in 2017 by Kyle Clark, the company went public on the NYSE in November 2025 and uses a stepwise commercialization path centered on certifying its conventional ALIA CTOL aircraft first while scaling motor, charger, and engineering services. By Q1 2026, Beta had grown its aircraft backlog to 991 units worth $3.9 billion, and by Q2 2026 had logged over 190,000 nautical miles of flight testing across a 138-site charging network (targeting 250,000 nautical miles by year-end 2026). Beta was selected for seven of the eight U.S. eIPP launch programs and flew the program's first operational missions on July 10, 2026, using the ALIA CX300 to carry United Therapeutics' manufactured organs across a ~275-nautical-mile Virginia-Maryland corridor, and by August 2026 was running eIPP cargo and medical-logistics missions with partners in New York, Texas, Utah, Maryland/Virginia, and Louisiana. At the July 2026 Farnborough Airshow, Beta unveiled the MV250 - a hybrid-electric autonomous VTOL for military logistics built around a GE Aerospace CT7/T700 turbine and Sikorsky's MATRIX autonomy stack - helped GE, NASA, and Boeing complete the first hybrid-electric flight above 30,000 feet, and signed a term sheet with UK carrier Loganair for up to 10 ALIA CTOL aircraft, positioning Loganair to become Europe's first electric-aircraft airline. Q2 2026 revenue was $14.7 million (up 146% year over year, beating guidance), with FY2026 guidance raised to $42-$50 million and $1.48 billion in cash as of June 30, 2026. H500A motor certification has slipped past its original H1 2026 target, though Beta reported in its Q2 2026 results that it reached agreement with the FAA on the motor's continued-rotation compliance approach and has formal FAA testing underway; CEO Kyle Clark still targets ALIA CX300 type certification in the second half of 2027 (down from an original late-2025 goal), with the A250 eVTOL following around 2028.
Eve Air Mobility
eVTOL
Eve Air Mobility (Eve Holding) is the Embraer-backed eVTOL developer, spun out of the EmbraerX innovation arm in 2020 and NYSE-listed since a 2022 SPAC merger, with Brazilian BDRs on the B3 since 2025. Its lift-plus-cruise aircraft - eight fixed-pitch lift rotors, a pusher propeller, Embraer fifth-generation fly-by-wire, four passengers plus a pilot, ~100 km range - flew its full-scale engineering prototype for the first time in December 2025, completed a 59-flight hover/low-speed test block in May 2026, and on August 3, 2026 flew its first partial transition flight with the pusher propeller engaged, reaching a stabilized 27 knots. Eve holds one of the industry's largest order pipelines: ~2,700 aircraft (~$13.5B at list price) in non-binding LOIs from 27 customers across nine countries, plus ~$500M in binding orders from Revo (São Paulo) and Japan's AirX. ANAC type certification and entry into service are targeted for 2028, with the aircraft design set to freeze by year-end 2026 ahead of a first crewed conforming-prototype flight in the second half of 2027. The company reported $531.3M in total liquidity at Q2 2026 that it says funds it through certification, and a Taubaté, Brazil plant scaling to 480 aircraft/year. It also sells Vector, its urban air-traffic-management software, to 14 customers.
