Eve Air Mobility has been selected in a public call by Brazil's Funding Authority for Studies and Projects (FINEP) to receive a grant of up to $15.8 million. The total project investment amount is up to $33.8 million, combining the FINEP grant with Eve's required company contribution.
This is the first grant awarded to Embraer's electric vertical take off and landing (eVTOL) aircraft developer arm.
“This partnership with FINEP marks a pivotal milestone for Eve and the broader Brazilian aerospace ecosystem”, said Johann Bordais, CEO of Eve Air Mobility. “Our mission is to reimagine people’s relationship with time, space, and the city by creating safe, sustainable, and efficient air mobility experiences. Leveraging from Embraer’s 55-year legacy and our innovative mindset, this grant will enable us to accelerate the development of advanced digital solutions and technologies that will shape the future of urban air mobility in Brazil and beyond.”
The company is advancing the current stage of the eVTOL development, which involves a series of comprehensive tests with the prototype to evaluate every aspect of the aircraft’s operation and performance, from flight capabilities to safety features.