Eve Air Mobility Raises $150 Million in Debt to Speed eVTOL Certification and Commercial Launch

New updates have been reported about Eve Air Mobility.

Eve Air Mobility has secured a $150 million, five-year debt facility from a syndicate of major banks including Itaú, Banco do Brasil, Citibank and Mitsubishi UFJ Financial Group, materially strengthening its liquidity position and extending its funding runway through at least 2028. The financing lifts Eve’s total capital raised to roughly $1.2 billion, positioning the company among the best-capitalized players in the emerging eVTOL sector and signaling continued institutional confidence in its business model and long-term strategy. According to CFO Eduardo Couto, the support from large global and Brazilian banks is intended to underpin the company’s next phase of development: accelerating certification of its electric vertical take-off and landing aircraft, advancing commercialization plans, and executing its broader strategic roadmap across product, services, and air traffic management solutions.

Proceeds will primarily fund research and development, including system integration, testing, and the build-out of a complete urban air mobility ecosystem around Eve’s eVTOL platform, in close coordination with infrastructure partners and aviation regulators. The company recently completed the first flight—specifically a hover test—of its full-scale engineering prototype at Embraer’s facility in Brazil, validating critical systems such as fly-by-wire controls and energy management and initiating a comprehensive 2026 test campaign that is key to type certification and future revenue generation. Management positions Eve as a core player in the U.S. urban air mobility market, leveraging a growing base of suppliers, customers and strategic partners to embed its technology and services across the value chain, from aircraft to operations and traffic management. Supported by Embraer’s aerospace legacy and public listings in New York and São Paulo, Eve’s reinforced balance sheet is designed to support scale-up toward commercial operations, address rising global demand for low-emission urban transport, and improve strategic optionality for investors and partners as regulatory and market frameworks mature.