Future Partnership to Revolutionize Urban Air Mobility in Brazil

PARIS, June 20, 2023 – Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) and Voar Aviation (“Voar”), a general aviation service company, have announced today the signature of a Letter of Intent (LOI) to evaluate the sale and purchase of 70 electric vertical take-off and landing (eVTOL) aircraft to be operated in several locations of Brazil. Under the terms of the agreement, the companies will also study a potential partnership in which Voar will benefit from Eve’s agnostic Urban Air Mobility (UAM) service and operation solutions. This potential eVTOL sale is included in Eve’s current order backlog of up to 2,770 eVTOLs.

"This collaboration represents a significant milestone in our mission to revolutionize urban transportation and shape the future of Urban Air Mobility. By combining our expertise and leveraging Voar's established infrastructure, we aim to accelerate the adoption of eVTOL technology and create a sustainable, integrated and complete ecosystem for urban air travel," said Andre Stein, Co-CEO of Eve. “Our solutions extend beyond the eVTOL itself; we are developing a full portfolio to foster the market’s launch and scalability.”

"This partnership reinforces that Voar is ready to open the doors to future air mobility and contribute the necessary infrastructure to the operation of this new way of transportation," said Alessandra Abrão, CEO of Voar.

Eve is at the forefront of the UAM industry and has consistently demonstrated its commitment to revolutionizing urban air transportation across the globe through a complete suite of solutions. Voar will provide its resources to assist Eve in modeling the UAM market in selected cities and support the seamless integration of eVTOLs into the urban environment by leveraging its extensive aviation infrastructure and knowledge.

Voar Aviation has plans to expand operations in various regions across Brazil. The company aims to operate in the main metropolitan areas and popular tourist destinations, such as Sao Paulo, Belo Horizonte, Brasilia, Goiania, Vitoria, Florianopolis, Camboriu, Fortaleza, Natal, Recife, and Salvador, reinforcing both companies’ commitment to embracing new opportunities and providing innovative, sustainable and accessible transportation solutions for communities throughout Brazil.