Eve Air Mobility Receives ESG Financing Guarantee from Bradesco Bank in Long-Term Funding, worth R$490 million

Brade­sco Bank has con­clud­ed with Eve Mobil­i­dade Aérea Urbana, a sub­sidiary of Eve Air Mobil­i­ty, the first ESG financ­ing guar­an­tee oper­a­tion aligned with the Green Loans Prin­ci­ples (2023 ver­sion), which fol­lows a set of guide­lines for struc­tur­ing loan oper­a­tions for sus­tain­able pur­pos­es.

The total amount guar­an­teed is up to R$490 mil­lion and will be allo­cat­ed exclu­sive­ly to the devel­op­ment of Eve’s eVTOL air­craft, which is expect­ed to enter into ser­vice as ear­ly as 2026.

Eduar­do Couto, chief finan­cial offi­cer of Eve, said: “At the recent COP28 in Dubai, glob­al lead­ers dis­cussed strate­gic actions to accel­er­ate the reduc­tion of glob­al emis­sions by 2030. Eve’s ESG financ­ing guar­an­tee direct­ly reflects our com­mit­ment to sus­tain­abil­i­ty, which is intrin­si­cal­ly linked to our cor­po­rate strat­e­gy. Our goal goes beyond offer­ing green­er solu­tions for urban air mobil­i­ty; we are focused on build­ing a val­ue chain aligned with the best-in-mar­ket prac­tices.”

The line of cred­it was approved by Brazil’s Nation­al Devel­op­ment Bank (BNDES) from the Finem Line and the Cli­mate Fund, whose objec­tive is to sup­port the imple­men­ta­tion of projects and tech­no­log­i­cal devel­op­ment relat­ed to the reduc­tion of green­house gas emis­sions and adap­ta­tion to cli­mate change and its effects.

José Luis Gor­don, direc­tor of Pro­duc­tive Devel­op­ment, Inno­va­tion and For­eign Trade of BNDES, said: “This is a dis­rup­tive inno­va­tion project, with high tech­no­log­i­cal inten­si­ty, which seeks to address rel­e­vant prob­lems for the whole world: the lim­i­ta­tions of ground space with increas­ing pop­u­la­tion den­si­ty, the high costs of mobil­i­ty infra­struc­ture and the emis­sion of green­house gas­es.

“BNDES’ sup­port, through the Cli­mate Fund, is in line with the inno­va­tion and decar­boniza­tion guide­lines of the new indus­tri­al poli­cies and is anoth­er impor­tant step in the long-stand­ing part­ner­ship between BNDES and Embraer.”

To date, pro­ceeds totalling R$127 mil­lion have been issued. Brade­sco will allo­cate new pro­ceeds grad­u­al­ly, accord­ing to BNDES’ dis­burse­ment to Eve, who main­tains the industry’s lead­ing back­log of 2,850 eVTOL air­craft.

Bruno Boet­ger, exec­u­tive direc­tor at Brade­sco, added: “It is an inno­v­a­tive oper­a­tion and rep­re­sents an impor­tant mile­stone in the sec­tor, demon­strat­ing our com­mit­ment to the decar­bon­i­sa­tion agen­da, invest­ing in more sus­tain­able tech­nolo­gies with low­er emis­sions.

“This rein­forces Bradesco’s part­ner­ship with Eve, which has been our part­ner since 2022. We believe that the ESG financ­ing guar­an­tee will serve as a ref­er­ence for oth­er com­pa­nies that wish to adopt more respon­si­ble and sus­tain­able prac­tices in their busi­ness, an increas­ing trend in the cred­it mar­ket”, con­clud­ed.

Eve’s cus­tomers include Unit­ed Air­lines, Repub­lic Air­ways, Helisul Avi­ação, and VOAR, among oth­ers. To date in Brazil, Eve has orders for up to 335 eVTOL air­craft.