Eve Holding announces BNDES approval for funding of eVTOL development efforts

Eve Air Mobility announced the approval by the executive board of Brazil’s National Development Bank, or BNDES, to support Eve’s eVTOL development efforts with two distinct credit lines, totaling $92.5M. Both credit lines are expected to offer beneficial terms and conditions to Eve with a 12-year maturity and amortization grace period. The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.