Eve Air Mobility Signs LOI for Up to 30 eVTOLs with Moov for Cabo Verde Tourism
EVEX is trading near its 52-week low of $2.1 (4.3% above the low).
Summary
Eve signed a Letter of Intent with Moov for up to 30 eVTOL aircraft, targeting tourism and regional mobility in Cabo Verde. The deal explores sightseeing, shuttle services, and medical transport across key islands. This follows recent flight test progress and a charging-infrastructure partnership, building commercial momentum. While an LOI is non-binding, it signals demand for Eve's aircraft in a growing tourism market. The company remains pre-revenue with a widening net loss, but this adds to its order pipeline.
At the time of this announcement, EVEX was trading at $2.19 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $759.3M. The 52-week trading range was $2.10 to $7.48. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.