Eve Air Mobility has announced today a USD35 million fund from Brazil’s National Development Bank (BNDES) for continued eVTOL development. This second-phase funding follows a USD92.5 million line of credit secured in 2022 for R&D and a recent USD50 million investment from Citibank, both dedicated to supporting Eve’s eVTOL development programme.
“This second-phase investment from BNDES, sourced from the Climate Fund, will be allocated to manufacturing Eve’s conforming prototypes and, subsequently, the commercial vehicle,” said the company in a press release. “The fund will also be used for testing processes.”
“The continued support from BNDES is highly significant as we advance our eVTOL program and transition from prototype development to certification and production readiness. This funding strengthens our financial position even more and provides the resources necessary to achieve our key milestones, including certification and the commercialization of our eVTOL,” said Johann Bordais, CEO of Eve.
The National Civil Aviation Agency of Brazil (ANAC) recently published the final airworthiness criteria for Eve’s eVTOL, an important step towards type certification. This follows a public consultation period and allows Eve to proceed with defining the means of compliance for its eVTOL with ANAC.
“BNDES was instrumental in installing the eVTOL factory in Taubaté, guaranteeing quality jobs in the region. Now, we are financing the development of the aircraft itself. In addition to supporting an innovative project, we are investing in a disruptive technology industry that is also green, contributing to the strengthening of the national industry in the world market and to the energy transition. In total, the bank has already approved, this year, RD700 million for the production of Eve’s eVTOL”, said the president of BNDES, Aloizio Mercadante.
For more information
www.eveairmobility.com.