Eve Air Mobility secures $150 million debt financing

Eve Air Mobility (NYSE: EVEX) secured $150 million in debt financing through a five-year loan from a syndicate of financial institutions including Itau, Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group, the company announced January 20.

The proceeds will support research and development for the company's electric vertical take-off and landing aircraft and its integration into urban air mobility systems. The funding will also advance aircraft certification and commercialization efforts while supporting compliance with global aviation standards.

"This successful debt raise represents a significant milestone for Eve and a strong endorsement of our leadership in shaping the future of urban air mobility," said Eduardo Couto, chief financial officer at Eve Air Mobility.

The transaction brings Eve's total funding to $1.2 billion. The Melbourne, Florida-based company recently completed the first flight of its full-scale engineering prototype at Embraer's test facility in Brazil, marking progress toward commercialization. The successful hover flight validated key systems including fly-by-wire controls and energy management.

Eve plans to initiate a test campaign for 2026 as part of its certification process. The company develops eVTOL solutions and is backed by Embraer's aerospace expertise. Eve trades on the New York Stock Exchange and São Paulo Stock Exchange, where its common stock, public warrants and Brazilian Depository Receipts are listed.

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