Eve Air Mobility accelerates eVTOL development with flight, funding

Source | Eve Air Mobility

Over the last couple of months Eve Air Mobility (São José dos Campos, Brazil) has announced two important milestones marking progress in the commercialization and development roadmap of its electric vertical takeoff and landing (eVTOL) aircraft.

Mid-December 2025, Eve completed the first flight of its uncrewed full-scale eVTOL prototype at Embraer’s test facility in Gavião Peixoto, Brazil. This inaugural flight initiated the company’s flight test phase and confirmed the integration of key systems, including the fifth-generation fly-by-wire concept and fixed-pitch lifter rotors, validating the aircraft’s overall architecture, controls and integrated propulsion. “This flight validates our plan ... were able to capture high-fidelity data that will allow us to move forward with safety and confidence towards the certification path,” says Johann Bordais, CEO of Eve Air Mobility.

Following this hover flight, Eve plans for multiple flights in 2026 to expand the flight envelope and progress toward full wingborne flight as part of its test campaign.

Eve will manufacture six conforming prototypes for the flight test campaign aimed at achieving certification. The company continues to engage with Brazil’s Civil Aviation Agency (ANAC) and other regulators, including the U.S. Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA), as it advances toward type certification, first deliveries and entry into service expected in 2027.

Based on 2024 supplier announcements, which include names like Aciturri and FACC, composites are expected to play a role in Eve’s final aircraft.

Complementing its technical progress, Eve has secured $150 million in debt financing from a syndicate of financial institutions, including Itau, Banco do Brasil, Citibank and Mitsubishi UFJ Financial Group. The 5-year financing underscores strong market confidence in Eve’s vision and long-term strategy, enhancing the company’s liquidity and enabling acceleration of development, certification and commercialization efforts.

Proceeds from the financing will support ongoing R&D, integration of the eVTOL aircraft into a comprehensive urban air mobility ecosystem, strengthening partnerships with infrastructure providers and regulatory bodies, and scaling operations in key urban markets. With this transaction, Eve’s total funding reaches approximately $1.2 billion, reaffirming its position as what is says is “one of the best-capitalized companies in the emerging eVTOL market.”