Eve Air Mobility has received $35 million in new funding from Brazil's National Development Bank (BNDES). This investment assures the company's financial stability as it continues to advance its electric vertical take-off and landing (eVTOL) aircraft development.

This second-phase funding follows a substantial $92.5 million line of credit obtained in 2022 specifically for research and development, in addition to a recent $50 million investment from Citibank dedicated to supporting Eve’s eVTOL programme. The latest investment from BNDES, drawn from its Climate Fund, will be primarily put towards manufacturing prototypes, as well as the development of the commercial vehicle and its testing processes.

BNDES has been an important partner in Eve's vision for advanced air mobility (AAM). Johann Bordais, CEO of Eve, says: "The continued support from BNDES is highly significant as we advance our eVTOL programme and transition from prototype development to certification and production readiness. This funding strengthens our financial position even more and provides the resources necessary to achieve our key milestones, including certification and the commercialisation of our eVTOL."

In addition to the funding, Brazil’s national civil aviation authority, ANAC, has published final airworthiness criteria for Eve’s eVTOL, an important step towards eventual type certification.