Eve Air Mobility (NYSE: EVEX) secured an agreement with the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO) to provide a guaranteed loan facility that can reach $15 million. The funds are designated to pay for engineering services and eVTOL parts from U.S. suppliers, primarily BAE Systems, for battery systems during Eve's eVTOL development and test phase. The financing is intended to bolster Eve's U.S. supply chain participation, provide working capital flexibility during testing, and advance program de-risking for the company’s urban air mobility efforts.
Loading...
Loading translation...
Positive
Guaranteed loan facility up to $15 million to fund U.S. supplier costs
Financing explicitly covers BAE Systems battery systems and engineering services
Adds an export-credit backing (EXIM Bank/PEFCO) supporting U.S. supplier participation
Negative
Facility is for development/testing expenses and does not guarantee production or revenue
News Market Reaction – ZMDTF
-3.77%
1 alert
-3.77%News Effect
On the day this news was published, ZMDTF declined 3.77%, reflecting a moderate negative market reaction.
The aggregate guaranteed loan amount can reach up to $15 million, with funds used to pay for engineering services and eVTOL parts from a U.S. Supplier.
MELBOURNE, Fla., Jan. 15, 2026 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX; EVEXW) has advanced its mission to revolutionize urban air mobility, revealing an agreement with the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO) to provide financing for expenses with U.S. suppliers working on Eve's electric Vehicle Take-Off and Landing (eVTOL) program. The company will use the funding to procure batteries and engineering services from its U.S. 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 program, bringing new funding sources with the support of the U.S. Export Credit Agency (EXIM Bank) to finance expenses with critical U.S. suppliers. The financing provides additional support during the development and testing phases, ensuring greater participation by U.S. suppliers in Eve's eVTOL program.
"We are incredibly proud to partner with EXIM Bank to offer this innovative financing solution," said 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 U.S. 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 United States' Urban Air Mobility (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 U.S. market, creating a strong foundation for sustainable growth and operational readiness across the entire UAM value chain.
About Eve Air Mobility
Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock, public warrants and Brazilian Depository Receipts are traded. For more information, please visit www.eveairmobility.com
Forward-Looking Statement Disclosure
Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.
FAQ
How much financing did Eve Air Mobility (EVEX) secure from EXIM Bank/PEFCO on January 16, 2026?
Eve secured a guaranteed loan facility that can reach $15 million to finance costs with U.S. suppliers.
What will Eve (EVEX) use the EXIM Bank/PEFCO funds for?
The funds will pay for engineering services and eVTOL parts from U.S. suppliers, notably BAE Systems battery systems during development and testing.
Does the EXIM Bank agreement for EVEX imply revenue or production commitments?
No; the agreement finances supplier expenses during development and testing and does not itself guarantee future production or revenue.
Which supplier is specifically named in Eve's (EVEX) EXIM Bank financing announcement?
BAE Systems is named as the U.S. supplier providing battery systems covered by the financing.
How does the EXIM Bank/PEFCO support affect Eve's (EVEX) U.S. supply chain?
The financing is intended to increase U.S. supplier participation by providing financial flexibility for vendor-supplied batteries and engineering services during testing.
