Eve Air Mobility has secured $150 million in debt financing from a consortium of major financial institutions, including Itau, Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group. This funding will accelerate the development and certification of Eve's electric vertical takeoff and landing (eVTOL) aircraft, as well as its integration into a comprehensive urban air mobility ecosystem. The financing underscores strong investor confidence in Eve's vision and long-term strategy.
The funds will support Eve's research and development efforts, enabling the company to advance aircraft certification and commercialisation whilst ensuring compliance with global aviation standards. Eduardo Couto, chief financial officer at Eve Air Mobility, stated, "The confidence of large banks reinforces our commitment to delivering a fully integrated eVTOL ecosystem."
Eve's total funding now stands at $1.2 billion, positioning it as one of the best-capitalised companies in the emerging eVTOL market. The company recently completed the first flight of its full-scale engineering prototype at Embraer's test facility in Brazil, marking a critical step towards commercialisation. This successful hover validated key systems, including fly-by-wire controls and energy management, and initiated a robust test campaign planned for 2026.
Eve Air Mobility continues to strengthen its position in the US urban air mobility ecosystem, with a growing network of suppliers, customers, and strategic partners. The company's collaborative approach ensures its technology and services are deeply embedded in the US market, creating a strong foundation for sustainable growth and operational readiness across the entire urban air mobility value chain.
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