Through a Memorandum of Understanding, Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW), an aerospace manufacturer and service and solutions provider for electric vertical take-off and landing aircraft (eVTOLs), and Siemens Smart Infrastructure, a manufacturer of electrical and digital technologies and solutions, are teaming up to evaluate the electrical infrastructure and energy management services needed to support safe, efficient and scalable eVTOL operations. Together, the two companies will collaborate on evaluating the energy service needs for eVTOL aircraft and demand for these services across the United States as the Advanced Air Mobility (AAM) industry grows.
The AAM industry is rapidly taking shape around the world and now stands on the cusp of commercialization. Integrating AAM into the existing transportation ecosystem offers an additional zero-emission option for urban mobility, reduces travel time, and accelerates decarbonization efforts. Similarly, eVTOL technologies are expected to transform communities through investments in infrastructure, electrification, new jobs and freedom of movement, thereby creating a Target Addressable Market anticipated to be greater than US$760 billion by 2040.
“As a market leader in electrical infrastructure, Siemens is excited to continue driving the evolution of this futuristic industry, alongside Eve Air Mobility,” said John Kasuda, Head of the Airports and Vertiports markets at Siemens Smart Infrastructure North America. “Our relationship with Eve will formulate the most valued approach to energy services for airports, vertiports, eVTOL operators, and other AAM stakeholders.”
“The results and insights that Siemens and Eve Air Mobility will gain from this collaborative effort are expected to inform our strategy in preparing the ecosystem and developing services at scale for customers in the U.S. and, potentially, around the world,” said Luiz Mauad, Vice President of Customer Services at Eve Air Mobility.
The energy services Siemens and Eve are exploring will support the electrical infrastructure and provide fleet operators with the confidence to launch and scale AAM operations. These models would ultimately help minimize upfront capital impacts, thereby accelerating the transition to AAM while overcoming potential obstacles to entry.
