07:59 AM EST, 01/20/2026 (MT Newswires) -- Eve (EVEX) said Tuesday that it has secured a five-year, $150 million loan from Itau, Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group.

The company said the proceeds from the loan will support its research and development, including integrating its electric vertical take-off and landing aircraft into a "comprehensive urban air mobility ecosystem."

Eve said the funds will accelerate its technological progress and support its partnerships with infrastructure providers and regulatory organizations, as well as advance aircraft certification and commercialization.

Including the loan, Eve's total funding is $1.2 billion, the company said.