Industry RisksEve faces several risks including limited visibility on the total addressable market for eVTOLs due to the nascent nature of the industry and reliance on the parallel development of infrastructure like air traffic control and vertiports.
LiquidityDespite management commentary that $340MM in liquidity can support operations until 2027, it is estimated a debt raise will be needed in '25-'26.
Market ShareEve’s market share on total eVTOL orders is down 16% as of June-2024, compared to over 20% a year ago.