Embraer subsidiary Eve secures another U.S. financing to support eVTOL development

Eve Air Mobility, an Embraer subsidiary developing electric vertical takeoff and landing (eVTOL) aircraft, has reached a financing agreement with the Export–Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO). The guaranteed loan package may total up to US$15 million.

The company said the funds will be used to cover engineering services and the acquisition of key components supplied by U.S.-based companies, including battery systems provided by BAE Systems. The financing supports development and testing phases of Eve’s eVTOL aircraft.

EXIM Bank’s involvement allows Eve to finance expenses with U.S. suppliers through export credit mechanisms, increasing the participation of the American industrial base in the program’s supply chain.

BAE Systems will supply the aircraft’s battery systems, which are expected to be included as part of Eve’s commercial offering. According to the company, bundling the batteries into the aircraft package is intended to simplify future export transactions by providing an integrated solution.

The first uncrewed prototype of Eve’s eVTOL completed its initial hover flight in December 2025. The program calls for at least five test aircraft to support the flight-test campaign. Type certification is projected for 2027.

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