Eve Air Mobility has joined Brazil’s B3 stock exchange following its earlier listing on the New York Stock Exchange in 2022. The move supports Eve’s strategy to expand its investor base and strengthen its capital structure.

At the B3 opening bell ceremony, Eve confirmed a $40 million financing package from Brazil’s National Bank for Economic and Social Development (BNDES). The funds will support the integration and operation of the electric motors for Eve’s first certification aircraft and the test campaign needed to obtain type certification from ANAC.

The financing comes from the BNDES Climate Fund (Green Industry modality) and the FINEM Innovation line, split into two subcredits: about $32 million from the Climate Fund and around $8 million in foreign currency-raised BNDES resources. The total term is up to 15 years.

“This financing accelerates a critical phase of our programme: the integration of the electric propulsion system,” says Eduardo Couto, CFO at Eve. “We thank BNDES for its trust and continued support.”

Aloizio Mercadante, president of BNDES, adds: “This aircraft will connect key points in cities with far lower greenhouse gas emissions than helicopters and cars.”