Eve Air Mobility and Moviation, South Korea’s first Urban Air Mobility (UAM) service provider, announced the signature of a Letter of Intent to purchase Eve’s Urban ATM solution.

The software solution will be a key enabler to the implementation and scalability of Urban Air Mobility (UAM) and provides critical traffic management services that will play an essential role in enabling the global UAM market to scale.

The agreement comes as Eve’s Urban ATM (Air Traffic Management) concept has been adopted as part of Korea’s K-UAM Grand Challenge.