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) are providing financial backing to the electric vertical takeoff and landing (eVTOL) air taxi industry.
Embraer's eVTOL unit, Eve Air Mobility, secured $15 million from EXIM and PEFCO to reimburse costs for electric batteries and engineering services procured from its U.S. supplier, BAE Systems Inc., thereby supporting American exporters and de-risking Eve's development.
Eve Air Mobility is actively progressing its eVTOL development, having recently completed the maiden hover flight of a full-scale prototype and planning for vertical-to-wingborne transition flights 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.