Electric aircraft manufacturer Eve, a subsidiary of Brazilian aerospace company Embraer, has received a loan of 88 million US dollars from the Brazilian National Development Bank. The funding will be used to build Eve's first production facility, which is the core of the company's strategy to produce electric vertical takeoff and landing aircraft for short-range urban travel. Looking ahead, EVE expects its eVTOL aircraft to be certified and put into operation in 2026. The company has already secured close to 3,000 potential orders, which could bring in expected revenue of around $14.5 billion. Eve's first plant will be located in Taubaté, Brazil. The location was chosen taking into account logistics advantages and proximity to Embraer's base in São José dos Campos. Once the facility is fully operational, the production capacity is expected to reach 480 aircraft per year.

Electric aircraft manufacturer Eve, a subsidiary of Brazilian aerospace company Embraer, has received a loan of 88 million US dollars from the Brazilian National Development Bank. The funding will be used to build Eve's first production facility, which is the core of the company's strategy to produce electric vertical takeoff and landing aircraft for short-range urban travel. Looking ahead, EVE expects its eVTOL aircraft to be certified and put into operation in 2026. The company has already secured close to 3,000 potential orders, which could bring in expected revenue of around $14.5 billion. Eve's first plant will be located in Taubaté, Brazil. The location was chosen taking into account logistics advantages and proximity to Embraer's base in São José dos Campos. Once the facility is fully operational, the production capacity is expected to reach 480 aircraft per year.