#USA #Melbourne #eVTOL #Urban Air Mobility #Eve Air Mobility

Eve Air Mobility Secures $150 Million Financing

In a significant move poised to enhance urban air mobility solutions, Eve Air Mobility, a front-runner in electric vertical take-off and landing (eVTOL) technologies, has garnered $150 million in debt financing. This funding comes from a partnership of major financial institutions including Itau, Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group. This considerable investment underscores the strong market confidence in Eve's vision and long-term growth strategies.

Eduardo Couto, Eve's Chief Financial Officer, expressed that this debt raise marks a vital milestone for the company. He stated, "This success reflects a robust endorsement from the banking community regarding our leadership role in shaping the future of urban air mobility. The backing from these prominent banks reaffirms our resolve to deliver an integrated eVTOL ecosystem. With this financing, we will have the necessary resources to fast-track our development processes and achieve our strategic goals through 2028 and beyond."

The infusion of capital will primarily facilitate research and development efforts, focusing on the inclusion of Eve's eVTOL aircraft into a broader urban air mobility framework. This funding accelerates technological advancements and fortifies collaborative relationships with infrastructure providers and regulatory agencies. By leveraging these resources, the company is positioned to expedite aircraft certification and initiate commercialization, all while adhering to global aviation standards. Such a transaction enhances Eve's capability to respond to the surging demand for eco-friendly, low-emission transportation solutions, enabling it to expand operations in key urban markets.

Following this transaction, Eve's total funding now stands at an impressive $1.2 billion, reinforcing its stature as one of the most well-capitalized entities within the burgeoning eVTOL sector. Recently, the company celebrated the successful first flight of its full-scale engineering prototype at Embraer's test facility in Brazil—a pivotal step towards commercialization. This hover validated essential systems, including fly-by-wire controls and energy management, and sets the stage for an extensive test campaign planned for 2026.

Eve Air Mobility is solidifying its leading position in the Urban Air Mobility ecosystem in the United States. With an expanding network of suppliers and partners, it is not only introducing innovative solutions but also playing a vital role in the evolution of urban air mobility. As a prominent original equipment manufacturer (OEM) in the industry, Eve’s collaborative methodology ensures that its technology and services become integral to the U.S. market, establishing a strong foundation for sustainable growth and operational readiness throughout the Urban Air Mobility value chain.

### About Eve Air Mobility
Eve Air Mobility focuses on propelling the Urban Air Mobility ecosystem forward. Harnessing a startup mentality backed by Embraer's 56 years of aerospace expertise, the company is adopting a comprehensive approach to advance urban air mobility. Their eVTOL project aims to provide a well-rounded network of global services and support, along with an innovative air traffic management solution. Eve is publicly traded on the New York Stock Exchange (ticker symbols: EVEX and EVEXW) as well as on the Brazilian stock exchange (EVEB31). For further details, visit Eve Air Mobility's website.

Forward-Looking Statement

Some statements in this release may be considered forward-looking, adhering to the definitions outlined in the U.S. Private Securities Litigation Reform Act of 1995. Terms such as "may," "will," "expect," and others signify these forward-looking statements. Except for historical facts, all statements regarding company plans, projections, and expectations are subject to significant uncertainties that could result in actual outcomes differing materially from these expectations. Such risks include, but are not limited to, various factors as outlined in the company’s risk disclosures in its SEC filings. Furthermore, no obligation to update these statements is assumed unless mandated by law.