Embraer Projects 1.5 Billion Dollar Revenue from Eve
Brazilian planemaker Embraer anticipates its electric aircraft unit Eve will contribute over 1 billion dollars annually following its production ramp-up. The company aims for group revenue to reach double-digit billions by 2030 as its eVTOL vehicle prepares for a 2028 service entry.
Embraer expects its electric aircraft subsidiary, Eve, to generate $1 billion to $1.5 billion in annual revenue following its production ramp-up. This projection follows the $8.2 billion to $8.5 billion revenue forecast for 2024 as the planemaker expands its portfolio. The growth from the electric vertical takeoff and landing (eVTOL) segment is critical for Embraer to reach its $10 billion annual revenue target by 2030.
Brazil-based Embraer CEO Francisco Gomes Neto told reporters that the revenue estimate hinges on how the eVTOL market evolves. Eve currently targets 2028 for the certification and entry into service of its electric aircraft.
