EVE HOLDING Business Summary

Eve Holding Inc. (EVEX) is a specialized developer of Urban Air Mobility (UAM) solutions, currently in a pre-revenue phase with a business model centered on three primary segments: eVTOL aircraft manufacturing, global services and support (TechCare), and Urban Air Traffic Management (UATM) software (Vector). The company generates future value through high-volume aircraft sales—anchored by a massive backlog of over 2,800 units valued at approximately $14.5 billion—complemented by recurring revenue streams from maintenance, pilot training, and its "Vector" software-as-a-service (SaaS) platform. As of February 2026, Eve has advanced into its full-scale prototype flight test phase and recently secured a $150 million syndicated credit facility to fund operations through its 2027 certification target. Within the competitive landscape, Eve competes directly with Joby Aviation, Archer Aviation, and Vertical Aerospace, distinguishing itself as a high-scale contender by leveraging the industrial pedigree and global supply chain of its majority shareholder, Embraer. The leadership team is led by CEO Johann Christian Jean Charles Bordais, who previously transformed Embraer’s Services & Support division into its most profitable unit, and Chief Commercial Officer Megha Bhatia, an aerospace veteran formerly of Rolls-Royce and JSSI. The technical execution is managed by VP of Engineering Luiz Valentini and VP of Program Management Alice Altissimo, both of whom possess extensive backgrounds in Embraer’s commercial jet programs. As of February 2026, the Board of Directors includes newly appointed independent director Uallace Moreira Lima, alongside industry leaders such as Michael Amalfitano (CEO of Embraer Executive Jets) and Luis Carlos Affonso. Beyond its founding parent Embraer, Eve maintains a robust investor base including United Airlines, BNDES, and institutional giants like Vanguard and BlackRock, providing the strategic and financial capital necessary for the final stages of aircraft type certification.