Eve Air Mobility has secured sufficient funding to support its eVTOL program through 2027, extending its cash runway beyond 2026 when it anticipates starting deliveries of its four-passenger aircraft. The Embraer spin-off confirmed on Sunday that a recent $1.6 million capital injection from Space Florida brought the total for its latest funding round to $95.6 million.
During a press conference at the Farnborough Airshow site, the company also announced two new key partners. Diehl Aviation will design and produce the eVTOL vehicle’s cabin interior, while ASE will supply power distribution systems.
In a video presentation filmed at its test facility in Gaviao Peixoto, Brazil, Eve showcased the rollout of the first full-scale prototype of the eVTOL vehicle. The uncrewed aircraft is set to begin remotely piloted flight tests later this year to validate technology in hover, transition, and cruise modes.