Eve Air Mobility Secures $150M Five-Year Loan from Itau, Citibank and MUFG

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Investors lent $150 million in five-year debt to Eve Air Mobility via Itau, Banco do Brasil, Citibank and MUFG, boosting the company’s total funding to $1.2 billion. Proceeds will fast-track eVTOL research, certification and commercialization through 2028 within Eve’s global urban air mobility ecosystem.

1. Eve Air Mobility Secures $150 Million Debt Financing

Eve Air Mobility has closed a $150 million, five-year loan facility provided by a syndicate including Itaú, Banco do Brasil, Citibank and Mitsubishi UFJ Financial Group. This debt raise increases Eve’s total funding to $1.2 billion, positioning the company among the best-capitalized firms in the emerging eVTOL sector. Proceeds will be directed toward accelerating research and development, advancing aircraft certification and building out a comprehensive urban air mobility ecosystem through strategic partnerships with infrastructure providers and regulatory authorities.

2. Prototype First Flight and Certification Roadmap

In January 2026, Eve completed the first hover of its full-scale engineering prototype at Embraer’s Brazilian test facility. The flight validated critical systems—fly-by-wire controls, energy management and redundancy architecture—and kicked off a rigorous test campaign slated to run throughout 2026. Eve’s leadership team has laid out a certification and commercialization roadmap through 2028, targeting initial entry into service in key urban markets worldwide upon receipt of global aviation approvals.

3. Rising Short Interest and Analyst Coverage

Short interest in Eve Holding climbed 42.3% during December, rising from 4.19 million to 5.96 million shares, representing 1.7% of the company’s float and a 3.0-day cover ratio based on average daily volume. Institutional ownership remains modest, with hedge funds accounting for 1.27% of the float. Among sell-side analysts, four maintain buy ratings, two hold ratings and one has issued a sell recommendation, yielding a consensus view of Hold. Recent research notes have cited Eve’s robust liquidity and execution of its development milestones as key factors underpinning investor sentiment.

Sources

DP