Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) announced today that it has been selected in a public call by FINEP, Brazil’s Funding Authority for Studies and Projects, 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 (non-repayable funding) awarded to Eve, reinforcing the company’s leadership in developing innovative solutions for sustainable urban air mobility.
The grant, awarded under FINEP’s public selection for “Technologies for More Sustainable Aviation”, is aligned with the strategic focus areas defined by the call, such as autonomous flight systems, advanced energy storage, hybrid-electric and hydrogen propulsion, sustainable aviation fuel (SAF) testing, noise reduction, efficient aircraft configurations, new materials, and advanced air traffic management systems for advanced air mobility (AAM). Eve’s project will prioritize the areas most relevant to its innovation roadmap.
“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”.
Luiz Mauad, Vice President of Customer Services at Eve, added: “Supporting the future operation of eVTOLs requires a robust digital backbone — this is the foundation for scalable AAM operations. By developing our digital platforms and service solutions in parallel with our aircraft, we empower our customers with an integrated, one-stop-shop experience that ensures operational efficiency, safety, and high availability from day one”.
Elias Ramos de Souza, President of FINEP, stated that: “This project represents our belief that eVTOLs are a future disruptive trend in the UAM scenario. We are very glad to partner with Eve in this endeavor, in a funding that enhances our position of more than BRL 1 billion in support to Embraer and its investees.”
A central pillar of this project is the advancement of Eve’s digital ecosystem, including the continued development of Eve TechCare — its fully integrated aftermarket services platform. Eve TechCare is a pioneer all-in-one suite of solutions designed to streamline eVTOL operations by providing the industry’s most comprehensive services, expert customer support, and cutting-edge operational solutions. The aftermarket portfolio consists of technical support and solutions, MRO services, parts and battery solutions, as well as training services and flight operations solutions. Eve TechCare’s service and support solutions will cover all the operational aspects necessary to ensure the daily eVTOL operation.
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.
