Eve Air Mobility has signed an agreement with the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO) to secure financing for expenses related to its eVTOL aircraft program.

The total secured loan amount can reach up to $15 million and will be used to acquire batteries and engineering services from BAE Systems during the development and testing phases of the eVTOL aircraft.

According to the company, the agreement provides additional financial support for the current stages of the program, facilitating greater participation of U.S. suppliers in Eve’s supply chain.

This financing is part of the company’s efforts to advance the development of urban air mobility solutions while strengthening its presence within the U.S. urban air mobility ecosystem.

Source and Credits to Eve Air Mobility

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