Eve Air Mobility stock soars after first flight of full-scale eVTOL prototype
Investing.com -- Eve Air Mobility (NYSE:EVEX) stock gained 5% in premarket trading Friday after the company completed the first flight of its uncrewed full-scale electric vertical take-off and landing (eVTOL) prototype at Embraer’s test facility in Brazil.
The inaugural hover flight, conducted at Embraer’s facility in Gavião Peixoto, São Paulo, marks the beginning of Eve’s flight test phase and validates key systems including the fifth-generation fly-by-wire concept and fixed-pitch lifter rotors. The company plans to conduct multiple flights, gradually expanding to transition into full wingborne flights throughout 2026.
"Today, Eve flew. This is a historical milestone for our employees, customers, investors and the entire ecosystem," said Johann Bordais, CEO of Eve. "This flight validates our plan, which has been executed with precision to deliver the best solution for the market."
The company, which develops solutions for the Urban Air Mobility market, will manufacture six conforming prototypes for its flight test campaign aimed at certification. Eve is working with Brazil’s Civil Aviation Agency (ANAC) as its primary certifying authority and expects type certification, first deliveries and entry into service in 2027.
According to Luiz Valentini, Chief Technology Officer at Eve, the prototype behaved as predicted by their models. The company plans to conduct hundreds of flights throughout 2026 to build the knowledge required for type certification.
Eve leverages parent company Embraer’s 56 years of aerospace expertise in designing, certifying, and manufacturing aircraft, as well as its global aftermarket service capabilities.
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