Eve Air Mobility Scores $50 Million Loan From Citibank

Eve Air Mobility's first eVTOL prototype

Eve is ground-testing its air taxi ahead of first flight planned in the coming months.

Credit: Eve Air Mobility
Embraer spinoff Eve Air Mobility has received a $50 million loan from Citibank, building on its solid balance sheet as it works to develop and certify its four-passenger air taxi. The new loan brings Eve’s cash balance to $480 million, according to the company. That total includes roughly $96...
Ben Goldstein

Based in Boston, Ben covers advanced air mobility and is managing editor of Aviation Week Network’s AAM Report.

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