- BLADE India signs a
purchase order for up to 200 of Eve's eVTOL, initially underwriting
50,000 hours of flight time per year in the region
- Intra-city helicopter flights to begin in a major Indian
city as part of a pilot project
NEW
DELHI, Sept. 27, 2022 /PRNewswire/ -- FlyBlade
India ("BLADE India"), a joint venture between Hunch Ventures and
Blade Air Mobility, Inc. (NASDAQ: BLDE), and Eve Air Mobility
("Eve") (NYSE: EVEX; EVEXW) announced today a strategic partnership
which includes a non-binding order of up to 200 electric vertical
take-off and landing ("eVTOL" or Electric Vertical Aircraft, "EVA")
vehicles, service and support, and Eve's Urban Air Traffic
Management ("UATM") software solution. The companies also plan to
collaborate on a three-month pilot project connecting passengers
using helicopters.
India is a unique market with
its vast expanse, accessibility concerns, traffic congestion and
regulations. As the pioneers of providing short-haul air mobility
services in India, BLADE India
will act as Eve's on-ground knowledge partner to create the Urban
Air Mobility (UAM) ecosystem. The data collected through BLADE
India's customer experience and operations will be used to further
develop Eve's eVTOL, service and support solutions, and its UATM
software. BLADE India will
initially underwrite 50,000 hours of flight time per year using
Eve's eVTOL in the country.
"India's traffic congestion
woes are only expected to get worse. This partnership allows us to
leverage Eve's deep expertise in not just EVA design but also in
the infrastructure required to support UAM," said Amit Dutta, managing director, BLADE India.
"We are thrilled about partnering with BLADE India and
pioneering the urban air mobility market in the country, which has
the potential to be one of the largest markets globally. This
initial order will allow us to enter into service in India and further develop the ecosystem
according to the community's needs. We look forward to offering the
people of India a zero-emission
UAM solution in the future that will be quiet, efficient, and
accessible," said André Stein, co-CEO of Eve.
The emergence of electric aviation with eVTOL vehicles is
expected to significantly reduce the carbon footprint, noise and
cost of flying, making it more accessible to the masses.
Image: https://bit.ly/3CbGHwU
About Blade
Blade (NASDAQ: BLDE) is a technology-powered urban air mobility
platform committed to reducing travel friction by providing
cost-effective air transportation alternatives to some of the most
congested ground routes in the U.S. and abroad. Today, the company
predominantly uses helicopters and amphibious aircraft and is
also one of the largest air medical transporters of human organs
for transplant in the world. Its asset-light model, coupled with
its exclusive passenger terminal infrastructure, is designed to
facilitate a seamless transition to Electric Vertical Aircraft
("EVA" or "eVTOL"), enabling lower cost air mobility to the public
that is both quiet and zero emissions. For more information, visit
https://www.blade.com/p/about.
About BLADE India
BLADE India began in 2019 and
offers cost-effective air transportation alternatives to some of
the most congested ground routes in India with flights from Mumbai,
Shirdi, Pune, and Bangalore. Hunch ventures is a
privately held investment firm based out of New Delhi, India and has invested in a range
of sectors including education, healthcare, immersive media,
hospitality, food & beverage, logistics and others that may
hold distinctive synergies with each other. For more
information, visit https://flyblade.in/p/about.
About Eve
Eve is dedicated to accelerating the Urban Air Mobility
ecosystem. Benefitting from a start-up mindset, backed by Embraer
S.A.'s more than 50-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.
Forward-Looking Statements Disclosure
Certain statements in this press release include
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as "estimate," "plan," "project," "forecast," "intend,"
"will," "expect," "anticipate," "believe," "seek," "target", "may",
"intend", "predict", "should", "would", "predict", "potential",
"seem", "future", "outlook" or other similar expressions (or
negative versions of such words or expressions) that predict or
indicate future events or trends or that are not statements of
historical matters. All statements other than statements of
historical facts are forward-looking statements and include, but
are not limited to, statements regarding Eve's and BLADE India's
current expectations or forecasts of future events. These
statements are based on current assumptions about future events
that may not prove to be accurate and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and may differ from assumptions, and such
differences may be material. Many actual events and circumstances
are beyond the control of Eve and BLADE India.
These forward-looking statements are subject to a number of
risks and uncertainties, including: (i) changes in domestic and
foreign business, market, financial, political and legal
conditions; (ii) failure to realize the anticipated benefits of the
announced partnership between Eve and BLADE India; (iii) risks
relating to the uncertainty of the projected financial information
with respect to Eve; (iv) the outcome of any legal proceedings that
may be instituted against Eve; (v) future global, regional or local
economic and market conditions, including the growth and
development of the urban air mobility market; (vi) the development,
effects and enforcement of laws and regulations; (vii) Eve's
ability to grow and manage future growth, maintain relationships
with customers and suppliers and retain its key employees; (viii)
Eve's ability to develop new products and solutions, bring them to
market in a timely manner, and make enhancements to its platform;
(ix) Eve's ability to successfully develop, obtain certification
for and commercialize its aircraft, (x) the effects of competition
on Eve's future business; (xi) the outcome of any potential
litigation, government and regulatory proceedings, investigations
and inquiries; (xii) the impact of the global COVID-19 pandemic and
(xiii) those factors discussed in Eve's Registration Statement on
Form S-1/A filed on August 25, 2022
under the heading "Risk Factors," and other documents of Eve filed,
or to be filed, with the Securities and Exchange Commission (SEC).
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that Eve does not presently know or that Eve
currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Eve's
expectations, plans or forecasts of future events and views as of
the date of this press release. Eve anticipates that subsequent
events and developments will cause Eve's assessments to change.
However, while Eve may elect to update these forward-looking
statements at some point in the future, Eve specifically disclaims
any obligation to do so. These forward-looking statements should
not be relied upon as representing Eve's assessments as of any date
subsequent to the date of this press release and undue reliance
should not be placed upon the forward-looking statements.
Media contacts:
Mallika
Ahluwalia, E: mallika@flyblade.in M: 8777740528
Gurudutt Biswal; E: guru@80-db.com
M:8447260611
Eve:
media@eveairmobility.com
investors@eveairmobility.com
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SOURCE Eve Holding, Inc.