- Funding will support the integration phase of the electric propulsion system and testing of the certification prototype
- New credit line strengthens the company’s cash position as it advances toward aircraft certification
SÃO PAULO, Brazil – December 9, 2025 – Eve Air Mobility (“Eve”) (NYSE: EVEX, EVEXW; B3: EVEB31), a company dedicated to developing solutions for the Urban Air Mobility (UAM) market, including an electric vertical take-off and landing (eVTOL) aircraft, took part in today’s 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 of this year.
Eve’s listing in Brazil, complementing its presence on the New York Stock Exchange since 2022, aligns with the company’s strategy to diversify its shareholder base, expand access to investors across different markets and strengthen the capital structure required to support its program.
During the ceremony, Eve announced the approval of approximately $40 million financing package from Brazil’s National Bank for Economic and Social Development (BNDES). The funds will support the integration phase and operation of the electric motors for the company’s first certification aircraft, as well as preparations for the test campaign required to obtain the type certificate from Brazil’s National Civil Aviation Agency (ANAC).
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.
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.”
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.”
The new credit line announced at B3, with participation from senior leadership from Eve, Embraer, and BNDES, along with customers and partners, reinforces the strong partnership between the organizations. Since 2022, BNDES has provided more than $240 million in financing to Eve, consolidating the company’s financial foundation to bring its eVTOL to certification and launch commercial operations.
Image: https://eve.imagerelay.com/fl/6e78e514a88a4384b55192f8e4b7239d
About Eve Air Mobility
Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer’s 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock and public warrants are traded. For more information, please visit www.eveairmobility.com.
Contact
Eve Air Mobility: [email protected]
About BNDES
The National Bank for Economic and Social Development (BNDES) is Brazil’s federal development bank, with a mission to promote sustainable and competitive economic growth while generating jobs and reducing inequality. Operating across all economic sectors, BNDES offers long-term financing and supports innovation, sustainability, digital transformation, and high-impact social initiatives. Learn more at: www.bndes.gov.br.
Forward-Looking Statement Disclosure
Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company’s plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of the company’s most recent Annual Report on Form 10-K, Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company’s most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company’s other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.
