Brazilian Startup FlyBIS Inks Deal for 40 Eve eVTOLs

The agreement between the air mobility startup and FlyBIS focuses on developing eVTOL transport in South America.

Embraer’s Eve Air Mobility eVTOL operation (NYSE: EVEX) said it signed a letter of intent with Brazilian air mobility startup FlyBIS to develop eVTOL services in Brazil and elsewhere in South America.

Under the agreement, FlyBIS will also buy up as many as 40 of Eve’s eVTOL aircraft, the companies said. Those vehicles become part of Eve’s order backlog of up to 2,770 eVTOLs.

“This new collaboration with FlyBIS will enable us to expand the future of air mobility to Southern areas of Brazil and other South American countries,” said Andre Stein, co-CEO of Eve. “This region has several high-traffic tourist areas that will benefit from eVTOL operations, reinforcing our commitment to fostering the urban air mobility market in different regions around the world.”

Eve said FlyBIS has a foothold in the southern states of Brazil, where it has been developing plans for an air mobility network. Once eVTOLs are operating there, FlyBIS plans to expand into neighboring countries. As its business grows, FlyBIS will “contribute to the implementation and development of EVE’s air mobility ecosystem,” the companies said.

FlyBIS has backing from Brave Aviation, an aircraft fleet management and services company whose fleet includes the Embraer Phenom, the companies said.

“We have a strong team in FlyBIS working together with Eve’s outstanding workforce and second-to-none resources to develop and implement this project in the most financially efficient and sustainable way,” said FlyBIS co-founder and CEO Gustavo Zanettini, who is also an airline pilot and aviation consultant. “Our team is very motivated and confident, and we will be working to change future generations’ urban air mobility for a more accessible and cleaner experience.”

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