Eve Celebrates Brazil’s Listing and Secures $40 Million Package from BNDES, to Support Company’s First Certification eVTOL Aircraft

Eve Air Mobil­i­ty has announced a $40 financ­ing pack­age from Brazil’s Nation­al Bank for Eco­nom­ic and Social Devel­op­ment (BNDES), which will sup­port the inte­gra­tion phase and oper­a­tion of the elec­tric motors for the com­pa­ny’s first cer­ti­fi­ca­tion eVTOL air­craft.

The announce­ment was made ear­li­er this week, where team mem­bers took part in an open­ing bell cer­e­mo­ny at Brazil’s stock exchange (B3) in São Paulo, to cel­e­brate its list­ing on the Brazil­ian stock exchange, which occurred in August 2025.

Addi­tion­al­ly, the fund­ing will also help pre­pare Eve for the test cam­paign required to obtain the test cer­tifi­cate from Brazil’s Nation­al Civ­il Avi­a­tion Agency (ANAC).

Speak­ing at the Brazil­ian stock exchange cel­e­bra­tion, Eduar­do Couto, Eve’s CFO, said: “This financ­ing accel­er­ates a crit­i­cal phase of our pro­gram: the inte­gra­tion of the elec­tric propul­sion sys­tem, which will ensure per­for­mance, safe­ty and reli­a­bil­i­ty for our first cer­ti­fi­able air­craft.

“We thank BNDES for its trust and con­tin­ued sup­port of our vision to trans­form urban mobil­i­ty with effi­cient and sus­tain­able solu­tions devel­oped and man­u­fac­tured in Brazil.”

Struc­tured under the BNDES Cli­mate Fund (Green Indus­try modal­i­ty) and the FINEM Inno­va­tion line (Incen­tivized Line A), the new oper­a­tion con­sists of two sub­cred­its: ~US$32 mil­lion from the Cli­mate Fund and ~US$8 mil­lion in BNDES resources raised in for­eign cur­ren­cy, with a total term of up to 15 years.

Since 2022, BNDES has pro­vid­ed more than $240 mil­lion in financ­ing to Eve, con­sol­i­dat­ing the company’s finan­cial foun­da­tion to bring its eVTOL air­craft to cer­ti­fi­ca­tion and launch com­mer­cial oper­a­tions.

Aloizio Mer­cadante, Pres­i­dent of BNDES, added: “The man­u­fac­tur­ing of the eVTOL rep­re­sents dis­rup­tive inno­va­tion in the con­cept of urban mobil­i­ty. This air­craft will con­nect key points in major cities and met­ro­pol­i­tan regions with far low­er green­house gas emis­sions than con­ven­tion­al heli­copters and cars.”