Eve Air Mobility Announces $150 Million in Financing for eVTOL and UAM Development
Eve Air Mobility (Eve) has announced that a syndicate of financial institutions is providing $150 million in debt financing to support the development of electric vertical take-off and landing (eVTOL) solutions and urban air mobility (UAM).
The loan covers five years of financing from organizations like:
- Itau
- Banco do Brasil
- Citibank
- Mitsubishi UFJ Financial Group
This transaction brings Eve’s total funding to $1.2 billion.
Eve plans to use the funding for research and development of next-gen solutions for eVTOL and UAM. This includes integrating its eVTOL aircraft into an effective ecosystem for urban air mobility. The funding helps with:
- Accelerating technological progress
- Deepening partnerships with infrastructure providers
- Expanding relationships with regulatory bodies
With these resources, Eve can:
- Advance aircraft certification and commercialization
- Ensure compliance with global aviation standards
- Meet demand for sustainable transportation
- Scale operations in key urban markets
Eve completed the first flight of its full-scale engineering prototype in December 2025 at Embraer’s test facility in Brazil. This successful hover helped to validate key systems, including:
- Fly-by-wire controls
- Energy management
It also allows for a thorough test campaign planned for 2026.
“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.
Couto continued, “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.”