Eve Holding Inc.
01/20/2025 | Press release | Distributed by Public on 01/21/2025 04:47
Eve Air Mobility and JetSetGo to Explore Urban ATM Implementation in India
Eve continues to grow portfolio of Vector customers globally
NEW DELHI - Jan. 21, 2025 - Eve Air Mobility ("Eve") (NYSE: EVEX; EVEXW) and JetSetGo, a private aircraft charter and fractional ownership company, headquartered in New Delhi, India, have entered into an agreement to explore and advance the use of Vector, Eve's cutting-edge agnostic Urban ATM (air traffic management) software solution in India. The announcement, which was made during the Bharat Mobility AAM Conference today, makes JetSetGo Eve's 14th Vector customer and its second customer in India, as interest in the Eve's Vector agnostic urban air traffic management software solution continues to grow globally.
Eve's Urban ATM software solution is a key enabler to the efficient implementation and scalability of urban air mobility (UAM) by providing services for air navigation service providers, urban authorities, fleet operators, vertiport operators, and other UAM stakeholders. The solution includes UAM flight coordination, vertiport automation airside support, airspace flow management and conformance management.
"This agreement demonstrates Eve's continued commitment to the Indian market and we are looking forward to working with JetSetGo on urban air traffic management in India," said Luiz Mauad, vice president, customer service at Eve Air Mobility. "With traffic congestion continuing to impact productivity in major cities, Urban Air Mobility has the potential to not only help address these issues, but also connect regions outside of the city that do not have efficient access. Eve's Urban ATM solution will play a critical role in helping to transport eVTOL passengers quickly and safely in densely populated cities in the future."
"Urban Air Mobility has the transformative potential to reshape urban living by making travel faster, cleaner, and more efficient while addressing the growing challenges of modern cities. At JetSetGo, we are committed to driving this change in India through our partnership with Eve Air Mobility," said Kanika Tekriwal, CEO and Co-Founder, JetSetGo. "By leveraging Eve's cutting-edge Vector Urban ATM platform, we aim to enable the seamless and safe operation of eVTOL aircraft in the future. This technology is vital for tackling issues like traffic congestion, wasted hours, worsening air pollution, and the need for eco-friendly travel solutions. Furthermore, our efforts focus on ensuring that UAM solutions are quiet, safe, and widely embraced by communities. Through these innovations, we aim to improve urban life and position India as a global leader in the future of aviation."
As part of the agreement, the two companies will collaborate in a number of different ways including promoting Urban Air Mobility in India as JetSetGo explores new opportunities in urban air mobility. Unlocking the potential of this new form of transportation includes preparing the air space for travel alongside the production and certification of the actual electric vertical takeoff and landing (eVTOL) aircraft.
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About Eve Air Mobility
Eve is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer's more than 55-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit www.eveairmobility.com.
About JetSetGo
Founded in 2012, JetSetGo is now one of the largest NSOP operators of private jets, mostly on state-of-art aircraft management and maintenance contracts in India. JetSetGo leads the growth of sophisticated private aviation solutions, from aircraft ownership and management to charter services and Membership programs for frequent flyers. Today the company is turning its attention to future advanced air mobility solutions using the next generation of electric and vertical take-off air taxis, JetSetGo continues to innovate and push the boundaries. For more information, visit: www.jetsetgo.in
Media Contacts:
Eve Air Mobility: [email protected]
JetSetgo:
Genishka Chouhan
77428 55997
Rahul Mohanto
78600 44482
Forward-Looking Statement Disclosure
Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.