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September 8, 2022 – TheNewswire - Eve Air Mobility (EVEX) has announced an additional $15 million investment from United Airlines ($UAL). The agreement calls for the purchase of 200 four-seat electric aircraft, with first deliveries expected as early as 2026.
United Airlines was the first major U.S. airline to create a corporate venture fund designed to support its 100% green commitment to reach net zero emissions by 2050 and without the use of traditional offsets.
United says that its investment in Eve Air Mobility was driven in part by confidence in the potential growth opportunities in the urban air mobility market.
Andre Stein, Co-CEO of Eve stated: "United's investment reinforces the trust in our products and services and strengthens our position in the North American market. It is an unparalleled opportunity to work with United to advance the US UAM ecosystem, and we look forward to it."
Rather than relying on traditional combustion engines, electric vehicle takeoff and landing (eVTOL) aircrafts are designed to use electric motors, providing carbon-free flights used as 'air taxis' in urban markets.
Eve's design uses conventional fixed wings, rotors and pushers, giving it a practical and intuitive lift-plus-cruise design. With a range of 60 miles, its vehicle has the potential not only to offer a sustainable commute but also to reduce noise levels by 90 percent compared to current conventional aircraft.
Shares of Eve Air Mobility trade on the New York Stock Exchange under the ticker symbol EVEX. For more information visit www.greenstocknews.com
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