Eve Air Mobility announced a ten‑year supply agreement with BETA Technologies to provide electric pusher motors for its eight‑lifter eVTOL platform and future production aircraft. The contract could generate up to $1 billion in revenue for BETA, positioning the company as a key partner in the emerging urban air mobility market.
The agreement follows a rigorous evaluation phase in which Eve tested BETA’s motors on its engineering prototype, confirming performance and reliability for cruise operations. By locking in a proven motor supplier, Eve reduces supply‑chain risk, accelerates its prototype flight schedule, and strengthens its case for type certification in 2027. The deal also aligns with Eve’s backlog of 2,800 eVTOL orders, giving the company a clear path to scale production once certification is achieved.
BETA Technologies, while benefiting from a lucrative revenue opportunity, faces financial challenges, reporting stagnant revenue growth and negative operating margins over the past three years. The partnership provides BETA with a steady, high‑volume customer and validates its technology in a commercial setting, potentially improving investor confidence and supporting future capital raises.
CEO Johann Bordais said the collaboration “is a pivotal milestone in advancing our eVTOL program. Our electric motor technology will play a critical role in powering our aircraft during cruise, supporting the maturity of our propulsion architecture as we progress toward entry into service.” BETA’s CEO Kyle Clark added, “Our pusher motors have proven high performance and reliability in thousands of demanding real‑world operations, and our manufacturing capability will allow us to deliver these systems at scale to support Eve’s aircraft.”
The deal underscores Eve’s strategy of a certification‑first approach, leveraging Embraer’s expertise and a methodical development timeline. It also signals confidence from a major propulsion supplier, which may ease regulatory scrutiny and attract additional investors. While BETA’s financial health remains a headwind, the partnership demonstrates the growing demand for electric propulsion in the eVTOL sector and positions both companies to capture a share of the anticipated urban air mobility market.
The agreement is a significant step for Eve, securing a critical component supplier and reducing supply‑chain risk, while providing BETA with a substantial revenue stream and a high‑profile commercial validation of its technology. Together, the companies are advancing toward a first flight in late 2025 or early 2026 and type certification in 2027, marking a key milestone in the broader eVTOL industry’s maturation.
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