Eve Air Mobility has signed an LOI with Shearwater Global Capital, the aviation finance company of Bay Point, a specialist aviation lender providing asset-based financing to borrowers globally, for up to 16 eVTOL aircraft. The agreement supports Shearwater's strategy to broaden its aviation finance platform to include emerging asset classes such as AAM, reflecting its continued focus on financing solutions for the evolving aviation sector.

The order marks a step in Shearwater's strategy since joining Bay Point in April 2026 as a lessor to invest in transformative aviation technologies, expand its business aviation portfolio and align with the future of sustainable transportation. As a financial institution focused on aviation investments, Shearwater and Bay Point intend to leverage Eve's industry-leading backlog to offer leasing solutions that will advance air mobility operators access aircraft and accelerate fleet deployment. The companies will also explore additional financing opportunities as demand grows for advanced air mobility and efficient, lower-emissions transportation solutions.

“We are pleased to welcome Shearwater to Eve's growing network of customers and partners,” says Johann Bordais, CEO of Eve Air Mobility. “We believe advanced air mobility will play an important role in shaping the future of transportation, and we look forward to supporting Shearwater as it offers leasing solutions to the market.”

Eve's eVTOL aircraft is designed to deliver an efficient, sustainable and customer-centric transportation experience. Backed by more than five decades of Embraer's aerospace expertise, Eve's aircraft and service ecosystem are positioned to support operators seeking to introduce advanced air mobility services safely and efficiently.

“This order reflects our confidence in Eve's technology, leadership team and vision for advanced air mobility,” states Chris Miller, managing director, aviation, Shearwater Global Capital. “We believe advanced air mobility will become a global market, and Shearwater intends to play a leading role in supporting that growth through innovative leasing solutions. By leveraging Eve's industry-leading backlog and integrated ecosystem of aircraft and services, we see a compelling opportunity to help operators expand and create long-term value.”

The agreement adds to Eve's industry-leading backlog of aircraft commitments from customers and investors worldwide and highlights continued momentum in the advanced air mobility sector and the growing commercial value of its ecosystem.

As the AAM industry advances toward commercialisation, Eve continues to work with operators, investors, lessors and infrastructure partners worldwide to develop practical, scalable use cases that enable safe, efficient and sustainable air transportation.