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Segments
 9 Months Ended
Sep. 30, 2023
Segments  
Segments

Note 18 – Segments

Operating segment information is presented in a manner consistent with the internal reports provided to the Chief Operating Decision Makers (“CODMs”). Given Eve’s pre-revenue operating stage, it currently has no concentration exposure to products, services, or customers. Eve has determined that it currently operates in three different operating and reportable segments as the CODMs assess the operation results by each R&D project, as follows:

eVTOL Eve is designing and certifying an eVTOL purpose-built for UAM missions. Eve plans to market its eVTOLs globally to operators of UAM services, including fixed wing and helicopter operators, as well as lessors that purchase and manage aircraft on behalf of operators.

UATM Eve is developing a next-generation UATM system to help enable eVTOLs to operate safely and efficiently in dense urban airspace along with conventional fixed wing and rotary aircraft and unmanned drones. Eve expects to offer its UATM solution primarily as a subscription software offering to customers that include air navigation service providers, fleet operators and vertiport operators.

Service and Support Eve plans to offer a full suite of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling and data services. Its services will be offered to UAM fleet operators on an agnostic basis, supporting both its own eVTOL and those produced by third parties.  

The CODMs receive information related to the operating results based on cost by each R&D project. Asset information by segment is not presented to the CODMs.

Three Months Ended


Nine Months Ended


September 30,


September 30,
​Research and development expenses

2023


2022


2023


2022
eVTOL
$ 25,776,932

$ 12,297,904

$ 65,601,417

$ 28,183,054
UATM

1,259,114


1,524,028


3,120,002


4,299,873
Service and Support

1,606,019


476,993


3,270,239


1,347,963
Total
$ 28,642,065

$ 14,298,925

$ 71,991,658

$ 33,830,890