U.S. EXIM Bank Bets On Air Taxis, Loans $15M to Embraer’s Eve

Funds will support the company’s procurement of batteries and engineering services from its U.S. supplier, BAE Systems.

Jack Daleo

Friday, January 16, 2026 at 12:45 PM ET

Verified

Edited By:

Travis Tingle

BAE Systems Inc. is providing electric batteries and engineering support for Eve Air Mobility’s electric vertical takeoff and landing (eVTOL) air taxi. [Credit: Eve Air Mobility]

Key Takeaways:

The U.S. Export-Import Bank (EXIM) and Private Export Funding Corporation (PEFCO) have provided $15 million to Embraer eVTOL unit Eve Air Mobility.
This funding reimburses Eve for electric batteries and engineering services procured from its U.S. supplier, BAE Systems Inc., supporting its eVTOL aircraft development.
The financing is intended to "de-risk" Eve's aircraft development program, following the successful maiden hover flight of its full-scale, nonconforming prototype in December.
Eve plans to build six conforming prototypes and aims to achieve the critical transition from vertical hover to wingborne forward flight by 2026.

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The U.S. Export-Import Bank (EXIM) and Private Export Funding Corporation (PEFCO) are backing supply chains for electric vertical takeoff and landing (eVTOL) air taxis.

Embraer eVTOL unit Eve Air Mobility—which has dual headquarters in Brazil and Melbourne, Florida—on Thursday revealed that EXIM and PEFCO loaned it $15 million to cover the cost of electric batteries and engineering services from its U.S. supplier, BAE Systems Inc. Eve told FLYING that it has already paid BAE for those parts and services, and the $15 million is essentially a reimbursement.