Eve Air Mobility reports it has reached an agreement with the Export-Import Bank of the United States (EXIM Bank) and the Private Export Funding Corporation (PEFCO) to provide financing for expenses with U.S. suppliers working on Eve’s electric Vehicle Take-Off and Landing (eVTOL) programme. The company will use the funding to procure batteries and engineering services from its U.S. supplier, BAE Systems, during Eve’s eVTOL aircraft development and test phase.
“This agreement with the EXIM Bank is an essential step in the continuous de-risking of Eve’s programme, bringing new funding sources with the support of the U.S. Export Credit Agency (EXIM Bank) to finance expenses with critical U.S. suppliers,” said the company in a press release. “The financing provides additional support during the development and testing phases, ensuring greater participation by U.S. suppliers in Eve’s eVTOL programme.”
BAE Systems will supply its battery systems for integration into Eve’s eVTOL aircraft. Including BAE Systems’ batteries as part of the overall Eve eVTOL sale and export package streamlines the procurement process for international buyers, offering a comprehensive, integrated solution, said the company.
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(Image: Eve Air Mobility)