^{Photo: Bloomberg.com}

Shares of Beta Technologies climbed more than eight percent after Eve Air Mobility revealed a long term motor procurement deal valued at up to one billion dollars. The agreement, which spans ten years, positions the Vermont based electric aviation company at the center of one of the largest commercial supply partnerships in the emerging eVTOL sector.

Eve Air Mobility, originally incubated within Brazil’s Embraer and now operating under Eve Holding, confirmed that the motors supplied by Beta will be integrated into its next generation electric vertical takeoff and landing aircraft. Eve currently reports a backlog of approximately two thousand eight hundred vehicles across global customers, reflecting one of the largest pre order books in the industry. Shares of Eve Holding rose twelve percent following the announcement.

Eve CEO Johann Bordais described the partnership as a defining moment in the company’s development, emphasizing that Beta’s propulsion systems will support critical phases of flight and strengthen the company’s entire propulsion architecture. Beta, whose investors include Amazon and several major mobility focused funds, made its public market debut on the New York Stock Exchange in November. Despite the post IPO volatility that saw its stock drop more than twenty percent from its initial closing price, the new agreement introduces a major commercial anchor for the company’s long term revenue pipeline.

The electric air taxi ecosystem is rapidly evolving as manufacturers race toward Federal Aviation Administration certification. Companies across the sector are capitalizing on commercial contracts, regional partnerships and new U.S. government programs designed to accelerate adoption. A recently launched federal pilot initiative under President Donald Trump is expected to provide additional support for real world testing and early deployment.

Competition across the eVTOL market remains intense. Archer Aviation and Joby Aviation continue to pursue aggressive international expansion strategies, with significant commitments in the Middle East and extensive collaboration with major defense partners. Joby recently filed a lawsuit accusing Archer of misusing trade secrets, adding further tension within the already competitive landscape.

For Beta Technologies, the Eve agreement offers commercial stability during a period when investors are closely watching the financial performance of early stage aviation companies. For Eve, the deal strengthens its supply chain as it aims to move from development to service entry over the next several years.