Eve Air Mobility (Eve) has announced an agreement with the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO). The arrangement will provide financing for costs incurred with US-based suppliers supporting Eve’s electric vertical take-off and landing (eVTOL) programme.
The funding will be used to procure batteries and engineering services from Eve’s US supplier, BAE Systems, during the development and testing phase of the eVTOL aircraft.
The agreement with EXIM Bank represents a key milestone in the ongoing de-risking of Eve’s programme, introducing new funding sources backed by the US Export Credit Agency to finance expenditure with critical US suppliers. This financing strengthens support during development and testing, enabling greater participation by US partners in Eve’s eVTOL programme.
Under the agreement, BAE Systems will supply its battery systems for integration into Eve’s eVTOL aircraft, ensuring the aircraft are equipped with high-performance, reliable and safe energy storage solutions that are essential for efficient and sustainable urban air mobility operations.
Including BAE Systems’ batteries as part of Eve’s overall eVTOL sale and export package also simplifies procurement for international customers, offering a fully integrated, end-to-end solution.
