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Electric Motor Manufacturing Deal between Beta Technologies and Eve Air Mobility

Sector: Aerospace & Defense • Location: Vermont, Florida, United States

Source: CNBC

Project
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Eve Air Mobility announced a deal to purchase electric motors from Beta Technologies, a Vermont-based company, with the deal potentially reaching up to $1 billion over 10 years. This deal is significant for the advancement of Eve's electric vertical takeoff and landing (eVTOL) technology, with Beta's electric motor technology playing a critical role in powering Eve's aircraft during cruise. Eve Ai

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The project “Electric Motor Manufacturing Deal between Beta Technologies and Eve Air Mobility” is an infrastructure initiative in the Aerospace & Defense sector, located in Vermont, Florida, United States. Taiyo aggregates data on it from CNBC.

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Description

Description

Eve Air Mobility announced a deal to purchase electric motors from Beta Technologies, a Vermont-based company, with the deal potentially reaching up to $1 billion over 10 years. This deal is significant for the advancement of Eve's electric vertical takeoff and landing (eVTOL) technology, with Beta's electric motor technology playing a critical role in powering Eve's aircraft during cruise. Eve Air Mobility, started by Embraer and now under Eve Holding, has a backlog of 2,800 vehicles. Beta Technologies, backed by Amazon, recently went public on the New York Stock Exchange. The air taxi industry is working towards FAA approval and commercial operations, supported by government partnerships and a pilot program announced by President Donald Trump.

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