Key facts
- Embraer expects its electric aircraft subsidiary, Eve, to generate $1 billion to $1.5 billion in annual revenue post-production ramp-up.
- Eve's electric vertical takeoff and landing (eVTOL) vehicle is slated for certification and service entry in 2028.
- Embraer projects its total group revenue to be between $8.2 billion and $8.5 billion this year.
- The company has a target of achieving double-digit billions in revenue by 2030 or earlier.
Brazilian aerospace manufacturer Embraer has projected that its subsidiary focused on electric aircraft, Eve, could generate between $1 billion and $1.5 billion in annual revenue once its production capabilities are fully scaled. This outlook, shared by Embraer CEO Francisco Gomes Neto, is contingent on the market performance of electric vertical takeoff and landing (eVTOL) vehicles.