Tuesday, December 3, 2024 Eve Air Mobility has secured a US$35 million funding boost from Brazil’s National Development Bank (BNDES), strengthening its financial position for continued progress in eVTOL technology.This new funding marks the second phase following a US$92.5 million line of credit acquired in 2022 for R&D, alongside a recent US$50 million investment from Citibank, both aimed at advancing Eve’s eVTOL program.
The second-phase capital, provided by BNDES from the Climate Fund, will be directed toward the production of Eve’s prototype models and the eventual development of its commercial vehicle. The funding will also be used to support testing processes. BNDES has been a key supporter of the company’s vision to advance Air Mobility (AAM).
“The continued support from BNDES is highly significant as we advance our eVTOL program and transition from prototype development to certification and production readiness. This funding strengthens our financial position even more and provides the resources necessary to achieve our key milestones, including certification and the commercialization of our eVTOL,” said Johann Bordais, CEO of Eve. “This investment is a vote of confidence in Eve’s vision and strengthens our leadership position in the AAM market.
Our disciplined capital management and enhanced financial foundation provide the stability and resources necessary to execute our long-term strategic plan and deliver sustainable value to our shareholders as we.
