Eve Air Mobility and Thales to conduct joint studies on the feasibility of eVTOL aircraft in Brazil

Eve Air Mobil­i­ty has teamed up with Thales to sup­port the devel­op­ment of its eVTOL air­craft in Brazil.

The part­ner­ship between both com­pa­nies involves a series of joint stud­ies over a 12-month peri­od, which start­ed in Jan­u­ary 2022 and will focus on the tech­ni­cal, eco­nom­i­cal, and adapt­able fea­si­bil­i­ty of a 100 per cent elec­tri­cal­ly pow­ered air­craft.

Thales will also con­tribute with its exper­tise in devel­op­ing avion­ics, elec­tric, flight con­trol, nav­i­ga­tion, com­mu­ni­ca­tion, and con­nec­tiv­i­ty sys­tems.

Andre Stein, co-CEO of Eve, said: “This part­ner­ship will strength­en Eve’s posi­tion as a lead­ing play­er in the glob­al mar­ket and our com­mit­ment to deliv­er­ing an effec­tive and sus­tain­able new mode of urban trans­porta­tion. Embraer is a lead­ing play­er in avi­a­tion in Brazil and glob­al­ly, and has part­nered with Thales for more than thir­ty years, and now Eve will lever­age this part­ner­ship too.”

Thales is a glob­al tech­nol­o­gy leader which pro­vides solu­tions, ser­vices and prod­ucts in the defense, aero­nau­tics, space, trans­porta­tion, dig­i­tal iden­ti­ty, and secu­ri­ty mar­kets.

Both Thales Tech­no­log­i­cal Space Cen­tre, in São José dos Cam­pos, and their recent­ly opened Avion­ics Cen­tre, in São Bernar­do do Cam­po, will pro­vide sup­port to Eve’s and Embraer’s teams work­ing on the project, which will also rely on Thales’ engi­neers from France, Cana­da and the Unit­ed States.

Yan­nick Assouad, Exec­u­tive-Vice Pres­i­dent, Avion­ics, Thales, said: “Thales is active­ly engaged in Urban Air Mobil­i­ty emer­gence. We are par­tic­u­lar­ly proud to take a new step in Brazil, join­ing Eve in a project that can be a game-chang­er for sus­tain­able urban mobil­i­ty world­wide. This indus­try is com­ing to stay and will bring many advan­tages to the coun­try, par­tic­u­lar­ly con­cern­ing the envi­ron­ment, due to the use of clean ener­gy.”

Last week, Eve and Zan­ite announced the date of its spe­cial meet­ing of stock­hold­ers which is sched­uled for 11am ET on May 6th to approve, among oth­er things, the Busi­ness Com­bi­na­tion.

If the busi­ness com­bi­na­tion is approved by Zanite’s stock­hold­ers and all oth­er clos­ing con­di­tions are sat­is­fied, Zan­ite will change its name to ‘Eve Hold­ing, Inc.’

The com­bined company’s com­mon stock and pub­lic war­rants will begin trad­ing on the New York Stock Exchange (NYSE) under the tick­er sym­bols ‘EVEX’ and ‘EVEXW’ respec­tive­ly.