Reported 27 days ago
Embraer's Eve Air Mobility has secured a $50 million loan from Citibank to bolster its finances and aid in the development of its electric vertical take-off and landing (eVTOL) aircraft, intended for urban travel. This follows an $88 million credit line from Brazil's BNDES and a successful $95.6 million equity raise, bringing Eve's total liquidity to approximately $480 million. The eVTOL aircraft is projected to enter service in 2026, with nearly 3,000 potential orders already lined up.
Source: YAHOO