Eve Air Mobility has secured $150 million in debt financing from a syndicate of international financial institutions to accelerate the development and certification of its electric Vertical Take-off and Landing (eVTOL) aircraft.
The five-year loan involves a group of major banks including Itau, Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group. This capital injection brings Eve’s total funding to $1.2 billion, positioning the company as one of the most well-capitalized entities in the emerging urban air mobility sector.
The financing is intended to support long-term research and development, including the integration of its eVTOL aircraft into a wider operational ecosystem.
These proceeds will accelerate technology development, deepen collaboration with infrastructure partners and regulators, and support aircraft certification and commercialization. It also strengthens Eve’s ability to meet growing global demand for sustainable, low-emission air transport and scale operations across key urban markets.
Eduardo Couto, chief financial officer at Eve Air Mobility, commented, “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. 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 recently achieved the first flight of its full-scale engineering prototype at Embraer’s test facility in Brazil. This milestone included a successful hover that validated the aircraft’s energy management systems and fly-by-wire controls. Following this success, Eve is preparing for a comprehensive test campaign scheduled to run throughout 2026.
Eve is reinforcing its position in the U.S. urban air mobility ecosystem through an expanding network of suppliers, customers, and strategic partners. As a leading OEM, the company’s collaborative approach is embedding its technology and services across the U.S. market, supporting long-term growth and operational readiness throughout the urban air mobility value chain.
