Aircraft
Eve Adds Funding and Partners to eVTOL Aircraft Program
The Embraer spin-off now has cash runway to support work through 2027
Eve Air Mobility uncrewed eVTOL prototype
Eve Air Mobility is preparing to start flight tests with its uncrewed eVTOL prototype aircraft. © Eve AIr Mobility

Eve Air Mobility now has sufficient funding to support its eVTOL program through 2027, taking its cash runway beyond 2026, when it expects to start delivering the four-passenger aircraft. The Embraer spin-off confirmed on Sunday that an additional $1.6 million capital injection from Space Florida agreed upon last week took the total for its latest funding round to $95.6 million.

During a press conference held at the Farnborough Airshow site, the company also reported it has a full complement of key suppliers, with a pair of new partners announced. Diehl Aviation will design and produce the eVTOL vehicle’s cabin interior and ASE will supply power distribution systems.