#United States #Melbourne #Eve Air Mobility #U.S. Suppliers #eVTOL Program

Eve Air Mobility Secures Major Funding

Eve Air Mobility, publicly traded on NYSE under the symbols EVEX and EVEXW, has made significant strides towards its mission of transforming urban air mobility. Recently, the company announced a collaboration with the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO) to secure financing that could amount to as much as $15 million. This funding is expected to be instrumental in supporting the company's electric Vehicle Take-Off and Landing (eVTOL) program.

Strategic Financing for eVTOL Development

The financing will primarily be utilized for essential engineering services and procurement of eVTOL components from U.S. suppliers, with an emphasis on battery systems provided by BAE Systems, a key U.S. supplier. Eve plans to leverage these funds during various phases of aircraft development and testing, thereby enhancing its production capabilities and reducing the associated risks.

Eduardo Couto, Eve's Chief Financial Officer, expressed pride in the partnership with EXIM Bank, emphasizing that this innovative financial solution highlights confidence in Eve's business model, as well as the promising trajectory of urban air mobility. He stated, "This agreement empowers our U.S. supply chain by providing critical financial flexibility, accelerating the adoption of sustainable air travel globally."

BAE Systems' Contribution to Eve's eVTOL Aircraft

The collaboration with BAE Systems is particularly noteworthy as the company will supply battery systems vital for Eve's eVTOL aircraft. Ensuring high-performance, reliable, and safe energy storage solutions is paramount for the success of urban air mobility operations. Integrating these battery systems into Eve's aircraft streamlines the procurement process for international buyers, presenting them with a comprehensive and structured solution.

Building a Sustainable Future in Urban Air Mobility

Eve Air Mobility is committed to establishing itself as a frontrunner in the U.S. Urban Air Mobility (UAM) ecosystem. With an expanding network of suppliers, customers, and strategic partners, the company is not merely delivering cutting-edge solutions; it is diligently shaping the future landscape of urban air mobility. As a leading original equipment manufacturer (OEM), Eve’s collaborative strategy ensures that its technology and services have a deep-rooted presence in the U.S. market, paving the way for sustainable growth and operational readiness throughout the UAM value chain.

About Eve Air Mobility

Dedicated to catalyzing the Urban Air Mobility ecosystem, Eve Air Mobility capitalizes on a start-up mindset while being backed by Embraer's illustrious 56-year aerospace experience. The company adopts a comprehensive approach to enhance the UAM ecosystem, encompassing a progressive eVTOL project, a robust global service and support network, and a distinctive air traffic management solution. Eve’s stock is traded on both the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31). For additional information, visit www.eveairmobility.com.

Conclusion

As Eve Air Mobility continues to push the boundaries of urban air mobility, this recent funding agreement represents a pivotal step toward achieving its ambitious goals. By fostering partnerships with major U.S. suppliers and securing essential financing, Eve is poised to revolutionize air travel and promote a sustainable future for urban transportation.