Eve Air Mobility announced today that it has been selected in a public call by FINEP, Brazil’s Funding Authority for Studies and Projects, to receive a grant of up to USD15.8 million. The total project investment amount is up to USD33.8 million[, combining the FINEP grant with Eve’s required company contribution. This is the first grant (non-repayable funding) awarded to Eve.
“The grant, awarded under FINEP’s public selection for “Technologies for More Sustainable Aviation”, is aligned with the strategic focus areas defined by the call, such as autonomous flight systems, advanced energy storage, hybrid-electric and hydrogen propulsion, sustainable aviation fuel (SAF) testing, noise reduction, efficient aircraft configurations, new materials, and advanced air traffic management systems for advanced air mobility (AAM),” said Eve in a press statement.
“This partnership with FINEP marks a pivotal milestone for Eve and the broader Brazilian aerospace ecosystem”, said Johann Bordais, CEO of Eve Air Mobility. “Our mission is to reimagine people’s relationship with time, space, and the city by creating safe, sustainable, and efficient air mobility experiences. Leveraging from Embraer’s 55-year legacy and our innovative mindset, this grant will enable us to accelerate the development of advanced digital solutions and technologies that will shape the future of urban air mobility in Brazil and beyond”.
A central pillar of this project is the advancement of Eve’s digital ecosystem, including the continued development of Eve TechCare —an integrated aftermarket services platform.
For more information
(Image:Eve Air Mobility)