Eve Air Mobility has reached an agreement with the Export-Import Bank of the US (EXIM Bank) and the Private Export Funding Corporation (PEFCO) to provide financing for expenses with US suppliers working on Eve's eVTOL programme. The company will use the funding, worth up to $15 million, to procure batteries and engineering services from its US supplier, BAE Systems, during Eve's eVTOL aircraft development and test phase.

This agreement with the EXIM Bank is an essential step in the continuous de-risking of Eve's programme, bringing new funding sources with the support of the EXIM Bank to finance expenses with critical suppliers. The financing provides additional support during the development and testing phases, ensuring greater participation by US suppliers in Eve's eVTOL programme.

“We are incredibly proud to partner with EXIM Bank to offer this innovative financing solution,” says Eduardo Couto, chief financial officer at Eve Air Mobility. “This agreement underscores EXIM Bank's confidence in Eve's business model and the strong future of urban air mobility. It will empower Eve's US supply chain by providing critical financial flexibility, accelerating the adoption of sustainable air travel globally.”

BAE Systems will supply its battery systems for integration into Eve's eVTOL aircraft, ensuring Eve's aircraft are equipped with high-performance, reliable and safe energy storage solutions, crucial for efficient and sustainable urban air mobility operations.

Including BAE Systems' batteries as part of the overall Eve eVTOL sale and export package streamlines the procurement process for international buyers, offering a comprehensive, integrated solution.

Eve Air Mobility continues to strengthen its position as a leader in the US UAM ecosystem. With a growing network of suppliers, customers and strategic partners, Eve is not only delivering innovative solutions but also shaping the future of urban air mobility. As one of the leading OEMs in the sector, Eve's collaborative approach ensures that its technology and services are deeply embedded in the US market, creating a strong foundation for sustainable growth and operational readiness across the entire UAM value chain.