Eve Air Mobility Secures $150 Million Debt Facility, Boosting Funding to $1.2 Billion

Eve Air Mobility has shared an update. The company announced $150 million in debt financing from a syndicate of major financial institutions, including Itaú Unibanco, Banco do Brasil, Citibank, and MUFG. Management indicated that the proceeds will be used to accelerate technological development, deepen collaborations with infrastructure and regulatory partners, and advance aircraft certification and commercialization while maintaining compliance with global aviation standards. With this transaction, Eve reports total funding of approximately $1.2 billion, positioning it among the most capitalized players in the emerging eVTOL sector.

For investors, the new debt facility extends Eve’s funding runway and supports execution of its strategic roadmap through at least 2028, according to its CFO. Access to credit from large, diversified banks suggests a measure of lender confidence in the company’s business plan and the broader urban air mobility thesis. However, increased leverage also adds fixed obligations that will need to be serviced from future cash flows, heightening execution risk if commercialization timelines slip or certification faces delays. If deployed effectively, the capital could help Eve reach key milestones ahead of competitors, strengthen its regulatory and infrastructure ecosystem, and improve its long-term market share prospects in eVTOL. The financing thus enhances near- to medium-term liquidity and development capacity, but the ultimate financial impact will depend on the company’s ability to convert technological progress and certification achievements into scalable, profitable operations in a still-nascent industry.