Eve Air Mobility Receives ESG Financing Guarantee from Bradesco Bank in Long-Term Funding
Source: Embraer Operation is in line with the Green Loans Principles 2023 Total amount is up to R$490 million Bradesco Bank has concluded with Eve Mobilidade Aérea Urbana, a subsidiary of Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) and a spin-off from Embraer, the first ESG financing guarantee operation aligned with the Green Loans Principles (2023 version), which follows a set of guidelines for structuring loan operations for sustainable purposes. Eve is developing solutions for the global Urban Air Mobility (UAM) ecosystem, including an electric vertical take-off and landing (eVTOL) aircraft. The total amount guaranteed is up to R$490 million and will be allocated exclusively to the development of Eve’s eVTOL. The line of credit was approved by Brazil’s National [...]