Eve Air Mobility, a global eVTOL aircraft manufacturer and services provider, has secured a $50 million loan from Citibank N.A. to bolster its aircraft research and development program. This loan increases Eve’s second-quarter 2024 pro forma liquidity to approximately $480 million, which includes the $95.6 million in equity financing obtained in July 2024 from a diverse group of global industrial companies and financial investors. Additionally, Eve has secured an $88 million credit line from Brazil’s National Development Bank (BNDES) to fund the development of its aircraft production facility in Taubaté, São Paulo, Brazil. These financial moves underscore significant confidence from investors in Eve’s strategic plans, customer interest in its eVTOL aircraft, and the company’s various operational solutions, including its Vector urban air traffic management software.
Eve stands out in the advanced air mobility (AAM) industry with the largest pre-order book, featuring letters of intent for 2,900 aircraft. The company leverages a diverse network of suppliers and development partners, bolstered by support from Embraer, the world’s third-largest aircraft manufacturer. The eVTOL aircraft, designed with eight dedicated propellers for vertical flight, fixed wings for cruising, and dual electric motors for propulsion redundancy, aims to ensure high performance and safety while maintaining low operational costs and noise. These design features highlight Eve’s commitment to producing cutting-edge, efficient aircraft in the competitive AAM market.
Strategic Partnerships and Industry Leadership
Eve Air Mobility, a global eVTOL aircraft manufacturer and service provider, has obtained a $50 million loan from Citibank N.A. to boost its aircraft R&D program. This loan raises Eve’s second-quarter 2024 pro forma liquidity to about $480 million, including the $95.6 million in equity financing secured in July 2024 from a variety of global industrial firms and financial investors. Additionally, Eve has secured an $88 million credit line from Brazil’s National Development Bank (BNDES) to develop its aircraft production facility in Taubaté, São Paulo, Brazil. These financial moves highlight strong investor confidence in Eve’s strategic plans, customer interest in its eVTOL aircraft, and its various operational solutions, including its Vector urban air traffic management software.
Eve is a standout in the advanced air mobility (AAM) industry, holding the largest pre-order book with letters of intent for 2,900 aircraft. It leverages a diverse network of suppliers and development partners, supported by Embraer, the world’s third-largest aircraft manufacturer. Eve’s eVTOL boasts eight dedicated propellers for vertical flight, fixed wings for cruising, and dual electric motors for propulsion redundancy. These features ensure high performance and safety while offering low operational costs and noise, underscoring Eve’s commitment to innovation in the competitive AAM market.
