EVIO is developing hybrid-electric regional aircraft designed to replace aging turboprops and regional jets across the 50-100 seat market. BEVIO has secured 450 conditional purchase agreements from airline customers and drawn investment and engineering support from Boeing, with entry into service targeted for the early 2030s.

"We invested in EVIO because it pairs one of the most accomplished teams in aviation with a genuinely practical path to cleaner regional flight. This is a group with real depth in designing and certifying aircraft (arguably the hardest part of bringing something new to market in this industry) and they are applying it to a segment that has waited decades for a modern option. With thousands of aging regional aircraft already in service and in need of replacement, the market demand is substantial and immediate. EVIO's aircraft offers airlines a compelling combination of lower operating costs, reduced noise, and lower emissions, making it easier to modernize fleets while improving both economics and sustainability."