Eve Air Mobility and Moov Sign LOI for 30 eVTOLs

Eve Air Mobility (NYSE: EVEX) and Switzerland-based aviation company Moov signed a Letter of Intent (LOI) on July 19, 2026, for the purchase of up to 30 electric vertical takeoff and landing (eVTOL) aircraft to establish advanced air mobility (AAM) networks in Cabo Verde and Europe.

Announced during the Farnborough International Airshow in a company press release, the agreement targets the growing tourism sector in the African archipelago of Cabo Verde. The partnership will evaluate deploying the Eve 100 eVTOL for sightseeing, resort shuttles, medical transport, and infrastructure inspections across islands including São Vicente, Santo Antão, Sal, Praia, and Boa Vista.

Targeting the Cabo Verde tourism market

According to World Bank data cited in the release, Cabo Verde recorded an estimated 1.18 million tourist arrivals in 2024, representing a 16.5 percent year-over-year increase. Moov plans to leverage this growth by integrating vertical lift operations into the region’s existing transport infrastructure.

Captain Alvaro N. de Oliveira, founder and CEO of Moov, stated that the region is uniquely positioned to benefit from innovative mobility solutions that support long-term connectivity and economic development.

“By working with Eve, we are exploring how eVTOL aircraft could complement our broader vision for aviation in the mid-Atlantic and open new possibilities for premium, efficient and sustainable transport,” de Oliveira said.

Johann Bordais, CEO of Eve Air Mobility, noted that the Cabo Verde market offers a compelling combination of tourism demand growth, geographic diversity, and infrastructure investment momentum.

Eve Air Mobility’s Farnborough momentum

The Moov agreement adds to a series of commercial and regulatory developments for Eve Air Mobility at the Farnborough International Airshow. On July 19, 2026, the manufacturer secured a separate order for up to 16 eVTOL aircraft from Shearwater Global Capital, an aviation finance company.

Regulatory progress also advanced on July 19, 2026, when Brazil’s National Civil Aviation Agency (ANAC) published proposed noise certification criteria for the Eve 100 eVTOL. These milestones coincide with the company showcasing its full-scale eVTOL prototype at the airshow to demonstrate flight progress and its path toward certification.

AirPro News analysis

We view the Moov LOI as a strategic demonstration of how eVTOL manufacturers are targeting island nations and archipelagos as early-adopter markets. Cabo Verde’s geography makes traditional ground transport between key tourist sites and airports challenging, creating a clear use case for vertical lift capabilities. While the LOI represents a non-binding commitment, securing agreements across diverse geographic regions helps Eve Air Mobility validate its global operational model ahead of anticipated commercial entry.

Sources: Embraer