Photo: Eve Air Mobility
Eve Air Mobility claims to be "well capitalized" for now and to have one of the highest cash runways in the AAM (Advanced Air Mobility) industry.
Eve Air Mobility is one of the most important eVTOL (electric vertical takeoff and landing) companies right now, with huge potential to launch an internationally successful electric air taxi. As always, it ultimately comes down to money; more specifically, Eve Air Mobility needs sufficient funding to continue its aircraft development program according to plan. The latest financial boost is keeping it on track for the moment, which also means that there won't be any delays in launching air taxi operations in Florida two years from now.
The Brazil-based AAM company has secured a $50 million loan from Citibank soon after reaching an $88 million credit line agreement with Brazil's National Development Bank (BNDES). The previous credit line was specifically meant to fund its aircraft production facility in Taubate (Sao Paolo, Brazil), while this new loan will primarily be geared toward its aircraft and research development program.
It looks like Eve is in a comfortable financial spot for now, with enough cash and credit lines to move forward without delays. It's a positive wrap-up toward the end of what has been an important year for the air taxi maker. The highlight was the official public debut of its full-scale eVTOL prototype at the Farnborough Air Show.
Earlier this year, Eve also joined forces with Japanese vertiport developer SkyScape. The Osaka-based SkyScape is the only one of its kind in Japan, and this agreement marked Eve's first entry into the Asian market. Eve is one of the eVTOL companies that have also developed an agnostic ATM (Air Traffic Management) tool for autonomous air taxi operations. It's this software that makes it particularly attractive to various vertiport developers.
Last year, Eve established a similar connection for a pioneering eVTOL infrastructure project in Dubai. Kookiejar and Air Chateau have set out to build an impressive vertiport at Al Maktoum Airport, Dubai South, which could become the most important one in the region.
As for the Eve air taxi, the Brazil-based company claims to have secured an impressive number of pre-orders. Eve says it holds the largest pre-order book in the entire industry, with letters of intent for almost 3,000 aircraft.
One of the customers is UrbanX Air, the wholly-owned subsidiary of GlobalX airline, operated by the Global Crossing Airlines Group. GlobalX has committed to purchasing 200 Eve aircraft, with the first ten units to be delivered starting next year. Following that, UrbanX Air will launch air taxi operations, primarily in Miami and later across South Florida, in 2026.
Eve is a short-distance eVTOL that claims to offer significant advantages, such as lower operational costs and reduced noise levels.
The Brazil-based AAM company has secured a $50 million loan from Citibank soon after reaching an $88 million credit line agreement with Brazil's National Development Bank (BNDES). The previous credit line was specifically meant to fund its aircraft production facility in Taubate (Sao Paolo, Brazil), while this new loan will primarily be geared toward its aircraft and research development program.
It looks like Eve is in a comfortable financial spot for now, with enough cash and credit lines to move forward without delays. It's a positive wrap-up toward the end of what has been an important year for the air taxi maker. The highlight was the official public debut of its full-scale eVTOL prototype at the Farnborough Air Show.
Earlier this year, Eve also joined forces with Japanese vertiport developer SkyScape. The Osaka-based SkyScape is the only one of its kind in Japan, and this agreement marked Eve's first entry into the Asian market. Eve is one of the eVTOL companies that have also developed an agnostic ATM (Air Traffic Management) tool for autonomous air taxi operations. It's this software that makes it particularly attractive to various vertiport developers.
Last year, Eve established a similar connection for a pioneering eVTOL infrastructure project in Dubai. Kookiejar and Air Chateau have set out to build an impressive vertiport at Al Maktoum Airport, Dubai South, which could become the most important one in the region.
As for the Eve air taxi, the Brazil-based company claims to have secured an impressive number of pre-orders. Eve says it holds the largest pre-order book in the entire industry, with letters of intent for almost 3,000 aircraft.
One of the customers is UrbanX Air, the wholly-owned subsidiary of GlobalX airline, operated by the Global Crossing Airlines Group. GlobalX has committed to purchasing 200 Eve aircraft, with the first ten units to be delivered starting next year. Following that, UrbanX Air will launch air taxi operations, primarily in Miami and later across South Florida, in 2026.
Eve is a short-distance eVTOL that claims to offer significant advantages, such as lower operational costs and reduced noise levels.
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