Eve Air Mobility secures up to $15 million loan for US supplier expenses.

Eve Air Mobility has secured a $15 million guaranteed loan from the Export-Import Bank of the United States and Private Export Funding Corporation to fund expenses with US suppliers for its eVTOL aircraft development. The loan will be used to procure batteries and engineering services from BAE Systems, a US supplier, during the development and testing phase of Eve's eVTOL program. This agreement is a significant step in de-risking Eve's program and bringing new funding sources to support critical US suppliers.