Eve raises US$150 million, taking total funding to US$1.2 billion

Eve Air Mobility, a subsidiary of Embraer focused on electric vertical takeoff and landing aircraft, has secured an additional US$150 million in financing, raising its total funding to US$1.2 billion. The agreement is the company’s second financing transaction announced within a single week.

The five-year loan was arranged with a group of financial institutions that includes Itaú, Banco do Brasil, Citibank and Mitsubishi UFJ Financial Group. According to Eve, the funding strengthens its liquidity as it advances aircraft development, certification activities and preparations for commercialization.

The company said the resources will be directed mainly toward research and development, including aircraft integration and the development of an urban air mobility ecosystem. The funding will also support certification work and engagement with aviation authorities ahead of entry into service.

“This funding represents an important milestone for Eve and strong recognition of our role in building the future of urban air mobility,” says Eduardo Couto, Chief Financial Officer (CFO) of Eve Air Mobility.

With total financing now reaching US$1.2 billion, Eve positions itself among the most capitalized companies in the eVTOL sector. The company recently completed the first hover flight of its full-scale engineering prototype at Embraer’s facilities in Brazil, validating key onboard systems and marking the start of a broader flight-test campaign planned for 2026.

About the Author

Ricardo Meier

Creator of the website that started in 1996 as a magazine. He also writes on Brazilian websites AUTOO, MOTOO and MetrôCPTM.

Articles by the author »