Categories: BusinessEnergy

Eve, Blade to expand ‘flying car’ partnership to Europe

 Electric aircraft maker Eve and Blade Air Mobility are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday.

The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow, to use Eve’s electric vertical take-off and landing vehicles (eVTOLs) in India and the United States.

Eve is controlled by Brazilian planemaker Embraer and expects to start commercial operations of its vehicle in 2026.

Eve and Blade said in a statement that under their new memorandum of understanding, Blade would focus on developing practical applications for air mobility, including identifying future routes in France and other European countries.

They did not say if the deal would involve new eVTOL purchases by Blade, whose current European operations include flying conventional helicopters between Nice and Monaco.

Eve and Blade last year agreed to deploy up to 200 electric aircraft in India, after also signing a letter of intent for operations in the U.S., where Eve expects to provide up to 60 vehicles per year.

“Extending our partnership with Eve underscores Blade’s commitment to leading the transition from conventional to electric vertical aircraft,” Blade Chief Executive Officer Rob Wiesenthal said.

Eve holds a backlog of nearly 2,800 orders before starting production, with development backed by investors such as United Airlines and Rolls-Royce.

The firm recently announced the first equipment suppliers for its eVTOLs and expects to start building its first full-scale prototype in the second half. Additional testing is planned for 2024.

Eve CEO Andre Stein said he expected the extended partnership with Blade to allow the companies to combine expertise and resources to make travel more accessible and drive environmental improvements.

Blade last year acquired the charter and scheduled flight operations of European firms Monacair, Heli Securite and Azur Helicoptere, which it said would be “crucial” for ongoing technical and commercial discussions with Eve.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

How new technologies travel: Evidence from global firm networks

Frontier innovation may start at home, but new technologies tend to spread across borders through…

4 days ago

Bank failures: The roles of solvency and liquidity

Do banks fail because of runs or because they become insolvent? Answering this question is…

4 days ago

Rapid technology creation widened inequality across time and space

The US college wage premium nearly doubled between 1980 and 2010, rising fastest in dense…

4 days ago

The European Union’s external imbalances: past, future and policy

Europe’s rising external surplus now rivals China’s, reflecting weak investment and growing surpluses, pointing to…

4 days ago

EU aid for domestic revenue mobilisation after the Sevilla Commitment

The 2025 Sevilla Commitment renews the push for domestic revenue mobilisation, with the EU needing…

4 days ago

The new global imbalances: why care, why now and what should be done?

This essay analyses the causes of, and remedies for, external imbalances, and what countries should…

6 days ago