U.S. Exim Bank Backs Eve’s eVTOL Aircraft Program

Eve Air Mobility has secured up to $15 million in U.S. government-backed financing to support its eVTOL program, the company announced on January 15.

According to Eve, the U.S. Export-Import (Exim) Bank and the Private Export Funding Corporation (PEFCO) agreed to provide financing for its U.S.-based suppliers. The guaranteed loan amount, which Eve said “can reach up to $15 million,” will primarily fund parts and engineering services from its battery supplier, BAE Systems.

Eduardo Couto, Eve’s chief financial officer, said the agreement “will empower Eve’s U.S. supply chain by providing critical financial flexibility, accelerating the adoption of sustainable air travel globally.”

A spin-off of Brazilian aircraft manufacturer Embraer, Eve has its headquarters in Melbourne, Florida, but maintains significant operations in Brazil. Its engineering and flight testing activities, as well as its pilot production facility, are located near Embraer’s headquarters in São Paulo.

The first full-scale engineering prototype of Eve’s four-passenger eVTOL aircraft achieved its first test flight last month. By the end of 2026, the company aims to have built six fully conforming prototypes as it works toward type certification with Brazil’s ANAC agency in 2027.