Brazilian eVTOL aircraft manufacturer Eve Air Mobility has received two credit lines totaling $92.5 million to support the company’s eVTOL development efforts. 

Brazil’s National Development Bank’s (BNDES) Climate Fund is expected to grant the first credit line, while the second line is expected to come from the BNDES Innovation Finance program.

“We appreciate the confidence and support that BNDES is showing to Eve as we continue to progress the development of a zero-emission aircraft with a commitment to a full-lifecycle approach towards carbon neutrality,” said André Stein, co-CEO of Eve.

Source: Eve Air Mobility