Eve Air Mobility Announces $150 Million Debt Financing to Accelerate eVTOL Development
The news follows Eve’s Jan. 15th announcement that it had secured funding of up to $15 million from the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO).
(Melbourne, Florida) Eve Air Mobility (NYSE: EVEX) announced this afternoon (Jan. 20) that it has secured $150 million in debt financing from a syndicate of leading financial institutions, including Itau, Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group.
Image of Eve Air Mobility’s electric vertical takeoff and landing (eVTOL) aircraft courtesy of Eve Air Mobility.
Per Eve’s press release, the funding – which comes just days after the company announced that it had securing funding of up to $15 million from the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO) to provide financing for expenses with U.S. suppliers working on Eve’s electric vertical takeoff and landing (eVTOL) program – underscores strong market confidence in Eve’s vision and long-term strategy.
Proceeds from the $150 million financing will support Eve’s research and development – including the integration of its eVTOL aircraft into a comprehensive urban air mobility ecosystem – and brings total funding to $1.2 billion, per Eve.
“This successful debt raise represents a significant milestone for Eve and a strong endorsement of our leadership in shaping the future of urban air mobility,” said Eduardo Couto, chief financial officer at Eve Air Mobility. “The confidence of large banks reinforces our commitment to delivering a fully integrated eVTOL ecosystem. This financing provides long-term resources necessary to accelerate development, advance certification, and execute our strategic roadmap through 2028 and beyond.”
Eve announced on Dec. 19 that it completed the first flight of its eVTOL prototype, and is planning a robust test campaign in 2026, according to the company.
