Eve Air Mobility secures additional $50 million to continue eVTOL development
Aerotime
OCTOBER 31, 2024
Eve Air Mobility, Embraer’s publicly-listed electric vertical takeoff and landing (eVTOL) aircraft developer, announced on October 30, 2024, that it has secured a US$50 million loan from Citibank. With this new credit facility, Eve Air Mobility has expanded its liquidity position to around US$480 million. The available funds should enable Eve to continue developing its eVTOL aircraft, the first prototype of which was publicly unveiled in the summer of 2024.
Let's personalize your content