Eve Holding Secures BNDES Financing to Advance eVTOL Motor Development

Reuters
Nov 20
<a href="https://laohu8.com/S/EVEX">Eve Holding</a> Secures BNDES Financing to Advance eVTOL Motor Development

Eve Holding Inc., through its wholly owned subsidiary Eve Soluções de Mobilidade Aérea Urbana Ltda. (Eve Brazil), has entered into a financing agreement with Banco Nacional de Desenvolvimento Econômico e Social (BNDES), Brazil's National Development Bank. Under the agreement, BNDES will provide two lines of credit to support the development of electric motors for Eve's electric vertical takeoff and landing aircraft (eVTOLs). The credit lines are subject to BNDES regulations and require guarantee letters from approved financial institutions. Eve Brazil must utilize the credit within 18 months, with repayment scheduled in 26 semiannual installments from May 2028 to November 2040. The agreement includes provisions for early termination and accelerated repayment in specific events as defined by BNDES.

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