Finance, Taxes, Insurance
Eve Raises $94 Million in Fresh Funding for eVTOL Aircraft
In the same week, rival Archer raised $55 million from existing backer Stellantis
Eve Air Mobility eVTOL full-scale prototype
Eve Air Mobility is now assembling its first eVTOL full-scale prototype aircraft in Brazil.

Eve Air Mobility this week raised a further $94 million in funding to support its plans to bring a four-passenger eVTOL aircraft to market in 2026. The public company, in which Brazilian airframer Embraer is the majority shareholder, announced on July 1 that multiple undisclosed investors have supported a new equity financing round that is expected to close in the next few weeks.

The new capital will be released under an agreement dated June 28 that will issue and sell 23.5 million new shares in Eve’s common stock at a price of $4 per share. In New York Stock Exchange trading on July 1, Eve’s stock closed at $3.28, which was down on its June 28 closing price of $4.05.