Eve Air Mobility (NYSE: EVEX; B3: EVEB31) and FlyBIS Aviation Limited (“FlyBIS”) have taken a step closer to launching electric air mobility services in Brazil after signing a binding agreement for up to 12 electric Vertical Take-Off and Landing (eVTOL) aircraft.

The deal includes two firm orders, with purchase rights on a further ten aircraft. FlyBIS intends to start operating Eve’s eVTOL aircraft in Southern Brazil, initially connecting destinations within the states of Santa Catarina and Rio Grande do Sul.

This latest commitment is a next step following a Letter of Intent announced by both companies in 2022, continuing their partnership towards the development of electric aviation operations in the Brazilian market.

The network could link several destinations along the coastline of Santa Catarina, such as Navegantes, Balneário Camboriú and Florianópolis. Other connections are also being studied for tourist points in the mountainous region of Rio Grande do Sul, especially in Gramado and Bento Gonçalves.

The air cargo sector is also taking notice of eVTOL development

In addition to their potential use in passenger transport, electric vertical take-off and landing aircraft are attracting increasing interest for possible air cargo applications. Their development has sparked discussion on how the technology could transform current airfreight operations and the broader cargo environment.

“The deal with FlyBIS is a key milestone for Eve, as it transitions from early discussions around market development to firm fleet commitments.

“Signing the agreement is a major milestone in the relationship between the two companies,” said Johann Bordais, CEO of Eve. He also pointed to the strong potential of Southern Brazil for urban air mobility, given the huge amount of tourism and business activity that generates a demand for better connections between destinations.

The two companies will continue to work together on the preparations required before the aircraft enter service. Together, they will work on network planning and operational readiness, infrastructure development and integrating eVTOL services into the wider transportation ecosystem.

FlyBIS gears up to launch a new regional mobility model

For FlyBIS, the agreement is a big step towards the implementation of a new type of regional and urban connectivity in Southern Brazil.

“This commitment is another step forward towards our objective of bringing new transportation options across the region,” said Gustavo Zanettini, co-founder and Chief Executive Officer of FlyBIS.

He noted the integrated approach Eve is taking, combining aircraft development with services and operational support. In the opinion of Zanettini, the model provides a solid basis for the future of FlyBIS.

A focus on safety and quality of service to passengers remains a sharp focus for the partnership as they seek to improve connectivity between important places.

Eve increases its flight-test programme to more than 70 flights completed

As the commercial agreement moves forward, Eve is continuing to advance the technical development of its eVTOL aircraft and the broader infrastructure required to enable future commercial operations.

The company’s full-scale engineering prototype has flown more than 70 flights since its first flight. The testing programme has involved both hover and low speed flight phases.

Eve is now gradually expanding the aircraft’s flight envelope through transition-flight testing. In flight, this phase includes activation of the rear pusher propulsion system as the aircraft transitions to wing-borne flight.

These developments are part of the company’s ongoing efforts to validate the aircraft’s performance and progress its development programme.

Brazil tackles the infrastructure and regulatory needs

The development of an appropriate regulatory, operational and infrastructure framework is also key to the expansion of electric air mobility in Brazil.

In September 2026, Brazil’s Ministry of Ports and Airports convened aviation authorities, government representatives and Eve to discuss the main requirements for the implementation of eVTOL operations.

Discussions included a number of key areas such as aircraft certification, vertiport infrastructure, energy supply, operational safety, telecommunications and integration into the national airspace.

These issues are still at the heart of the preparations for the launch of electric vertical take-off and landing aircraft in the Brazilian aviation ecosystem.

Eve and FlyBIS are advancing their plans for Southern Brazil with its agreement for up to 12 eVTOLs, while working on the operational, infrastructure and regulatory foundations needed to launch electric air mobility services.