Jan. 20 at 4:52 PM
Eve Air Mobility, controlled by Brazilian aircraft maker Embraer, announced it has secured
$150 million in five-year financing to advance development of its electric vertical takeoff and landing (eVTOL) air taxi. The loan involved Itaú, state-owned Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group.
The funds will support R&D of Eve’s unmanned eVTOL prototype, accelerate technological development, and strengthen partnerships with suppliers and regulators. With this credit, Eve’s total funding reaches
$1.2 billion, positioning it among the most well-capitalized companies in the air taxi sector.
The company aims to complete certification, begin deliveries, and launch commercial operations in 2027. Eve recently completed the first successful flight of its air taxi prototype at Embraer’s facilities in São Paulo state and reports around 3,000 pre-orders for the aircraft, designed to carry four passengers plus a pilot over distances of up to 100 kilometers.
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