Eve is an Embraer-controlled electric aircraft maker developing an eVTOL "flying taxi" for short city trips. The company rolled out a full-scale remote prototype at Embraer's Gaviao Peixoto plant and expects to fly it by late 2024 or early 2025; the final aircraft is planned to seat four passengers plus a pilot. Eve plans five conforming prototypes next year and a pre-series eVTOL by 2026 as part of its certification process, having applied for certification in 2022 to Brazil's civil aviation regulator. Financially, Eve debuted on the NYSE in 2022, raising nearly $400 million, later secured a $92 million loan from BNDES, and announced a new $94 million fundraising with investments from Embraer and Japan's Nidec. The company says the new investment covers cash needs through 2027, extending its runway from prior coverage through 2025. Eve has amassed nearly 3,000 potential orders (letters of intent) from interested clients including United, Global Crossing and Azorra, while noting infrastructure and power‑grid readiness as deployment challenges.

Total raised

$94M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2024