Eve Announces Additional US$35 Million from BNDES Line to Support eVTOL Development in 2025

São Paulo, Brazil– December, 2, 2024— Eve Air Flexibility (Eve) (NYSE: EVEX; EVEXW) revealed today a US$ 35 million * fund from Brazil’s National Growth Financial institution (BNDES), additional strengthening its economic placement for ongoing eVTOL growth. This second-phase financing adheres to a US$ 92.5 million credit line safeguarded in 2022 for R&D and a current US$ 50 million financial investment from Citibank, both committed to sustaining Eve’s eVTOL growth program.

This second-phase financial investment from BNDES, sourced from the Environment Fund, will certainly be assigned to making Eve’s adapting models and, consequently, the industrial lorry. The fund will certainly likewise be utilized for screening procedures. BNDES has actually been a vital companion of the business’s vision for Advanced Air Flexibility (AAM).

” The ongoing assistance from BNDES is very considerable as we progress our eVTOL program and shift from model growth to qualification and manufacturing preparedness. This financing reinforces our economic placement much more and offers the sources essential to accomplish our vital landmarks, consisting of qualification and the commercialization of our eVTOL,” claimed Johann Bordais, Chief Executive Officer of Eve.

” This financial investment is a ballot of self-confidence in Eve’s vision and reinforces our management placement in the AAM market. Our regimented funding monitoring and improved economic structure supply the security and sources essential to implement our lasting critical strategy and supply lasting worth to our investors as we bring our eVTOL to market and take advantage of the expanding chances in this amazing market,” included Eduardo Couto, CFO of Eve.

The National Civil Aeronautics Company of Brazil (ANAC) lately released the last airworthiness standards for Eve’s eVTOL, a crucial action in the direction of kind qualification. This adheres to a public examination duration and enables Eve to wage specifying the ways of conformity for its eVTOL with ANAC.

” BNDES contributed in setting up the eVTOL manufacturing facility in Taubaté, ensuring high quality work in the area. Currently, we are funding the growth of the airplane itself. Along with sustaining an ingenious job, we are purchasing a turbulent innovation market that is likewise environment-friendly, adding to the conditioning of the nationwide market on the planet market and to the power shift. In total amount, the financial institution has actually currently accepted, this year, R$ 700 million for the manufacturing of Eve’s eVTOL”, discusses the head of state of BNDES, Aloizio Mercadante.

Eve benefits from Embraer’s 55 years of experience in making, licensing, and making advanced airplane. Its clients will certainly likewise gain from having accessibility to an existing worldwide solution and assistance network, which is crucial to making certain dependable, risk-free, and reliable UAM procedures.

* Comparable quantity in United States bucks; BRL 200 million in regional money (Brazilian actual– BRL).

Picture: https://eve.imagerelay.com/share/9af32fc7c71a4f04a73b8f25d84a05e5

Regarding Eve Air Flexibility

Eve Air Flexibility is committed to increasing the Urban Air Flexibility (UAM) ecological community. Gaining from a start-up state of mind, backed by Embraer S.A.’s greater than 50-year background of aerospace proficiency, and with a single emphasis, Eve is taking an all natural strategy to proceeding the UAM ecological community, with a sophisticated eVTOL job, thorough worldwide solutions and assistance network and an one-of-a-kind air website traffic monitoring remedy. Given that Might 10, 2022, Eve is detailed on the New York Supply Exchange where its shares of ordinary shares and public warrants profession under the tickers “EVEX” and “EVEXW”. To find out more, please see www.eveairmobility.com.

Regarding BNDES

Banco Nacional de Desenvolvimento Econômico e Social (National Financial Institution for Socio-Economic Growth), or BNDES for brief is a government organization headquartered in Rio de Janeiro whose purpose is to supply lasting financing and financial investments in all fields of the Brazilian economic situation. BNDES is just one of the biggest growth financial institutions on the planet and it intends to sustain business owners of all dimensions– consisting of civilians, to increase and improve existing tasks in addition to brand-new services with a details purpose to cultivate work, earnings and social addition in addition to Brazil’s competition. To find out more, see https://www.bndes.gov.br.

Forward-Looking Declaration Disclosure

Specific declarations consisted of in this launch are positive declarations within the definition of the Exclusive Stocks Lawsuits Reform Act of 1995. These positive declarations might be recognized by words such as “may,” “will,” “anticipate,” “plan,” “prepare for,” “think,” “quote,” “strategy,” “job,” “could,” “should,” “would certainly,” “proceed,” “look for,” “target,” “support,” “expectation,” “if existing patterns proceed,” “confident,” “projection” and various other comparable words or expressions. All declarations, aside from declarations of historic realities, are positive declarations, consisting of, yet not restricted to, declarations concerning the business’s strategies, goals, assumptions, expectations, forecasts, purposes, quotes, and various other declarations of future occasions or problems, consisting of relative to all firms or entities called within. These positive declarations are based upon the business’s existing goals, ideas and assumptions, and they go through considerable dangers and unpredictabilities that might create real outcomes and economic placement and timing of particular occasions to vary materially from the details in the positive declarations. These dangers and unpredictabilities consist of, yet are not restricted to, those stated here in addition to partially I, Product 1A. Danger Variables and Component II, Product 7. Administration’s Conversation and Evaluation of Financial Problem and Outcomes of Workflow of the business’s newest Yearly Record on Type 10-K, Component I, Product 2. Administration’s Conversation and Evaluation of Financial Problem and Outcomes of Workflow and Component II, Product 1A. Danger Variables of the business’s newest Quarterly Record on Type 10-Q, and various other dangers and unpredictabilities detailed every so often in the business’s various other filings with the Stocks and Exchange Payment. Furthermore, there might be various other elements of which the business is not presently conscious that might impact issues gone over in the positive declarations and might likewise create real outcomes to vary materially from those gone over. The business does not presume any type of commitment to openly upgrade or supplement any type of positive declaration to show real outcomes, modifications in presumptions or modifications in various other elements impacting these positive declarations. aside from as needed by regulation. Any kind of positive declarations talk just since the day hereof or since the days suggested in the declaration.

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