Technology & Innovation
Eve Air Mobility Secures $40M BNDES Loan and Lists on B3 Exchange
Eve Air Mobility obtains $40 million financing from Brazil’s BNDES and lists on the B3 stock exchange, supporting eVTOL development with 2027 service entry.

This article is based on an official press release from Eve Air Mobility / Embraer and supporting market data.
Eve Air Mobility Strengthens Financial Runway with B3 Listing and $40 Million BNDES Loan
Eve Air Mobility (“Eve”), the electric vertical take-off and landing (eVTOL) subsidiary of aerospace manufacturer Embraer, has executed a significant dual-strategy milestone to fortify its position in the urban air mobility sector. On December 9, 2025, the company celebrated its official listing on the Brazilian stock exchange (B3) while simultaneously announcing a fresh Investments package worth approximately $40 million (R$200 million) from Brazil’s National Development Bank (BNDES).
The new capital injection, sourced primarily from the BNDES Climate Fund, is earmarked for the critical development phases of Eve’s eVTOL program. According to the company’s announcement, these funds will support the integration of electric motors for the program’s first “certification-conforming” prototype and fund the rigorous test campaigns required by Brazil’s Civil Aviation Agency (ANAC). This latest development underscores the Brazilian government’s continued support for Eve as a strategic national asset in the global aerospace industry.
Strategic Financing via BNDES Climate Fund
The financing agreement, valued at R$200 million, is structured not as a standard commercial loan but as a strategic development credit designed to foster Green-Technology within Brazil. The funding is divided into two specific sub-credits, providing Eve with a 15-year maturity term that offers a long-term financial runway.
According to details released regarding the transaction, the financing is split as follows:
- Sub-credit A (~$32 million): Sourced from the Fundo Clima (Climate Fund) under the “Green Industry” modality. This capital is specifically allocated for projects that reduce greenhouse gas emissions and promote sustainable urban development.
- Sub-credit B (~$8 million): Sourced from the FINEM Innovation Line, utilizing BNDES resources raised in foreign currency to support technological innovation.
This latest infusion brings the total support from BNDES to Eve to over $240 million since 2022. The favorable terms and long maturity period reflect the state’s commitment to ensuring Eve remains competitive against well-capitalized international rivals.
Dual Listing on the B3 Exchange
Coinciding with the funding announcement, Eve formally debuted on the B3, Brazil’s primary stock exchange, under the ticker symbol EVEB31. While the company remains legally headquartered in the United States with its primary listing on the New York Stock Exchange (NYSE: EVEX), the dual listing allows Eve to tap into a broader pool of capital.
The move enables Brazilian institutional and retail investors, who may face barriers trading on the NYSE, to invest directly in the company. This strategy reinforces Eve’s identity as a Brazilian innovator leveraging Embraer’s industrial heritage while maintaining global market access.
Program Status and Industrialization
Eve continues to leverage its relationship with Embraer, the world’s third-largest aircraft manufacturer, to advance its industrial capabilities. The company is currently finalizing its first full-scale prototype and establishing a production facility in Taubaté, São Paulo. The facility is expected to utilize Embraer’s existing supply chain ecosystem to streamline Manufacturing.
According to company data, Eve currently holds one of the industry’s largest order backlogs, comprising approximately 2,800 Letters of Intent (LOIs) valued at roughly $14 billion. The company is targeting an Entry into Service (EIS) date of 2027.
AirPro News Analysis
The global eVTOL market is currently undergoing a sharp bifurcation, separating well-capitalized leaders from struggling independent Startups. Eve’s recent moves highlight the effectiveness of its “capital-light” strategy, which relies on Embraer for R&D and infrastructure rather than building everything from scratch.
While competitors like Joby Aviation have raised massive sums, such as their recent $500 million investment from Toyota, to fund vertical integration, Eve’s $40 million loan carries significant weight due to its efficiency. By utilizing Embraer’s existing testing grounds and engineering workforce, every dollar of debt goes further for Eve than for a startup like Lilium, which recently faced insolvency.
Furthermore, the BNDES loan signals “sovereign backing.” In an industry fraught with regulatory and certification risks, the Brazilian government’s financial stake in Eve serves as a confidence signal to private investors. It suggests that Brazil views the success of Eve not just as a corporate goal, but as a matter of national industrial strategy, similar to how the U.S. and China support their respective aerospace champions.
Frequently Asked Questions
What are Eve Air Mobility’s stock tickers?
Eve is listed on the NYSE under the ticker EVEX and now on the Brazilian B3 exchange under the ticker EVEB31.
What is the value of the new BNDES financing?
The financing package is worth approximately R$200 million, or roughly $40 million USD.
When is Eve’s aircraft expected to enter service?
Eve is targeting an Entry into Service (EIS) date of 2027.
What is the BNDES Climate Fund?
The Fundo Clima is a Brazilian government financing program dedicated to projects that mitigate climate change. Eve’s participation falls under the “Green Industry” modality, supporting the development of zero-emission aviation technology.
Sources: Eve Air Mobility / Embraer Press Release, BNDES Official Data
Photo Credit: Embraer
Technology & Innovation
AutoFlight V2000CG Earns First Overseas eVTOL Type Certificate
Indonesia’s DGCA validated AutoFlight’s V2000CG CarryAll on June 3, 2026, marking the first overseas eVTOL type certificate.

AutoFlight’s V2000CG CarryAll unmanned cargo eVTOL has become the first electric vertical takeoff and landing aircraft to secure overseas type certificate validation, following approval from Indonesia’s Directorate General of Civil Aviation (DGCA) on June 3, 2026.
The Validated Type Certificate (VTC) clears the 2-ton aircraft for commercial cargo operations across Indonesia. In an official statement released on June 11, 2026, AutoFlight noted the milestone establishes an operational foundation for commercial eVTOL services in Southeast Asia and advances the manufacturer’s global market expansion strategy.
Certification path and operational capabilities
The V2000CG originally received its Type Certificate (TC) from the Civil Aviation Administration of China (CAAC) on March 22, 2024. AutoFlight submitted its VTC application to the Indonesian regulator in July 2025. The recent approval confirms the aircraft’s design complies with the airworthiness requirements of both national aviation authorities.
Indonesia presents unique logistics challenges due to its geography of more than 17,000 islands. AutoFlight stated the V2000CG’s fully electric lift-and-cruise configuration, which requires no runway infrastructure, is suited for inter-island transport of high-value goods such as fresh produce, pharmaceuticals, and emergency supplies.
The V2000CG features a maximum take-off weight of 2,000 kilograms and a payload capacity of 400 kilograms. It operates with a cruise speed of 200 kilometers per hour and a range of 200 kilometers.
Recent flight testing and global expansion
The Indonesian validation follows a series of operational demonstrations by AutoFlight throughout the spring of 2026. On April 17, 2026, the autonomous V2000CG transported fresh tea over mountainous terrain in Guizhou, China, reducing a lengthy road journey to a 37-minute flight.
International expansion efforts have also included a demonstration flight in Almaty, Kazakhstan, on May 19, 2026. During that event, AutoFlight signed a memorandum of understanding with Alatau Advance Air Group Ltd. for the purchase of 50 large eVTOL aircraft from the V2000 and V5000 series to develop a low-altitude transport network in Central Asia.
On May 26, 2026, the manufacturer completed a mixed-fleet formation flight to validate communication links and flight coordination between its 2-ton V2000-series and 5-ton V5000 Matrix aircraft.
AirPro News analysis
We view the DGCA validation as a critical proof of concept for bilateral eVTOL certification pathways. While much of the advanced air mobility sector remains focused on passenger transport in the United States and Europe, AutoFlight’s strategy highlights the immediate commercial viability of heavy-lift unmanned cargo operations in regions with challenging geography. Securing a VTC outside the manufacturer’s home country demonstrates that regulatory frameworks for autonomous electric aviation are maturing in Southeast Asia, potentially accelerating adoption timelines ahead of Western markets.
Sources: AutoFlight
Photo Credit: AutoFlight
Technology & Innovation
NASA X-59 Reaches Mach 1.4 for Quesst Overflight Testing
NASA’s X-59 hit Mach 1.4 at 55,000 ft on June 10, 2026, meeting the flight profile needed for community supersonic noise testing.

The Lockheed Martin X-59 experimental aircraft reached its target cruising speed of Mach 1.4 and an altitude of 55,000 feet on June 10, 2026, achieving the specific flight conditions required for its upcoming community overflight testing phase.
In a June 12 press release, NASA confirmed the milestone flight at Edwards Air Force Base in California. The X-59 is the centerpiece of the agency’s Quesst mission, which is designed to demonstrate that supersonic flight can produce a quiet sonic thump rather than a disruptive sonic boom. Data collected from future flights will be shared with regulators to evaluate the potential lifting of the 1973 ban on commercial supersonic flight over land.
Flight test progression and milestones
The June 10 flight follows the aircraft’s initial supersonic test just days prior. On June 5, 2026, the X-59 broke the sound barrier for the first time, reaching Mach 1.1 at an altitude of 43,400 feet during an 81-minute flight piloted by NASA test pilot Jim “Clue” Less. During that initial supersonic test, a NASA F-15 chase plane accompanied the experimental aircraft. The traditional sonic booms from the F-15 served to obscure the sound of the X-59.
The progression to Mach 1.4 at 55,000 feet represents the exact flight profile the aircraft will use during its operational data-gathering phase. The rapid succession of Test-Flights aligns with statements from NASA Administrator Jared Isaacman regarding the program’s momentum.
X-59 is getting ready for its quiet supersonic debut. Since the aircraft’s First-Flight on Oct. 28, 2025, the team has made tremendous progress, flying 16 times in the last 90 days and getting into a steady test rhythm. In the coming days, we expect to take the next step and push to Mach 1.4.
Regulatory implications for commercial aviation
The FAA prohibited civilian supersonic flight over the continental United States in 1973 due to the noise impact of sonic booms on communities below. The Quesst mission aims to provide the FAA and ICAO with empirical data on public perception of the reduced noise profile generated by the X-59.
Following the completion of performance testing, NASA plans to fly the X-59 over several U.S. communities. The agency will collect acoustic data and community feedback to help establish new noise standards for future supersonic aircraft designs.
AirPro News analysis
We view the rapid expansion of the X-59 flight envelope from Mach 1.1 to Mach 1.4 within a five-day window as a strong indicator of the airframe’s stability and the test program’s maturity. If the upcoming community overflights successfully demonstrate that the sonic thump is socially acceptable, the data provided to the FAA and ICAO could catalyze a significant shift in aerospace manufacturing. A regulatory pathway for overland supersonic flight would likely accelerate investment in commercial supersonic transport programs, which have historically been constrained by the economic limitations of operating solely over water routes.
Sources: NASA Quesst Blog, NASA
Photo Credit: NASA
Technology & Innovation
Embraer Outlines Net-Zero Roadmap and eVTOL Strategy
Embraer details its 2050 net-zero roadmap, electric aircraft concepts, and eVTOL plans at the AIAA AVIATION Forum 2026.

This article summarizes reporting by Aerospace America by Anne Wainscott-Sargent.
Embraer Director of Research and Technology Maurílio Albanese Novaes Jr. outlined the Brazilian manufacturer’s strategic roadmap for achieving net-zero emissions by 2050 and expanding its advanced air mobility portfolio during the American Institute of Aeronautics and Astronautics (AIAA) AVIATION Forum in San Diego on June 8, 2026.
Novaes detailed the company’s six core innovation priorities and the specific engineering capabilities required to support future propulsion technologies. According to Aerospace America, the presentation highlighted Embraer’s multi-pronged approach to sustainability, which includes targeting a 10- to 12-passenger fully electric aircraft.
Engineering the path to net-zero emissions
Novaes emphasized that achieving the industry’s 2050 net-zero carbon emissions target will require diverse technological solutions rather than a single breakthrough. He noted that “there’s no silver bullet” for decarbonizing aviation. The company is currently evaluating multiple propulsion pathways to meet these environmental goals.
As part of its sustainability roadmap, Embraer is developing concepts for a fully electric aircraft designed to carry 10 to 12 passengers. This initiative builds on the efficiency gains achieved by the Embraer E-Jet E2 family, which the manufacturer states delivers a 20 percent reduction in carbon dioxide emissions and a 30 percent decrease in external noise compared to competing aircraft.
The E-Jet E2 program recently secured simultaneous type certification from the National Civil Aviation Agency of Brazil (ANAC), EASA, and the FAA. The aircraft also features the E2TS advanced take-off system, designed to automatically optimize climb profiles, reduce required runway length, and increase payload capacity for operations at restricted airports.
Workforce development and advanced air mobility
Supporting these technological advancements requires a specialized workforce. Embraer currently employs 4,200 engineers, and Novaes stressed the importance of cultivating new talent to sustain the company’s innovation pipeline. He referenced Casimiro Montenegro Filho, the Brazilian aviator who inspired Embraer’s founding, quoting his philosophy that producing engineers must precede producing aircraft.
The manufacturer’s engineering focus extends into the electric vertical takeoff and landing (eVTOL) sector. Following the 2020 spin-off of Eve Air Mobility as an independent entity, Embraer continues to support the development of the Eve eVTOL aircraft, alongside the Eve Take Care services portfolio and the Eve Vector urban air traffic management system.
Industry peers at the forum acknowledged Embraer’s trajectory. Brad Pande, founder of iPropulsion, noted the manufacturer’s growth from a small Brazilian enterprise into a globally recognized aerospace entity. Since 2000, Embraer has delivered more than 9,000 aircraft to over 2,000 clients, certifying more than 30 aircraft models over the past 25 years. This portfolio includes the Embraer Phenom 300, which has maintained its position as the best-selling executive jet for 14 consecutive years, and the Embraer A-29 Super Tucano, which has accumulated over 600,000 flight hours and 60,000 combat hours.
AirPro News analysis
We view Embraer’s dual focus on workforce development and multi-path propulsion as a pragmatic approach to the 2050 net-zero mandate. By explicitly stating that no single technology will solve the emissions challenge, the manufacturer is positioning itself to pivot between sustainable aviation fuel, hydrogen, and battery-electric architectures as regulatory and technological landscapes evolve. The targeted 10- to 12-passenger electric aircraft serves as a logical testbed for these systems, scaling up technologies that may eventually inform larger regional platforms. The simultaneous triple-certification of the E-Jet E2 demonstrates a level of regulatory maturity that will be critical as the company navigates the complex certification requirements for its upcoming eVTOL and alternative propulsion projects.
Sources: Aerospace America
Photo Credit: Embraer
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