Eve Holding's shares rise 5% with new $32.9 million financing for eVTOL vehicles

From Investing.com: 2024-12-02 11:02:21

Eve Holding Inc’s shares rose 5% after securing $32.9 million in financing from BNDES for its eVTOL vehicles. The funding will go towards new prototypes and production. This comes after a previous investment of 490 million reais for R&D and a $50 million boost from Citibank.

Vertical Aerospace Ltd. also received up to $50 million in funding from Mudrick Capital Management for testing and certifying its flying taxi model. Competitors Archer Aviation and Joby Aviation saw stock price declines on Monday.

Investments in the air taxi industry are on the rise as companies like Eve Holding Inc and Vertical Aerospace secure funding for their innovative eVTOL vehicles. With growing competition, the race to bring these electric flying taxis to market is heating up.



Read more at Investing.com: Air taxi firm Eve Holding’s shares rise on new $32.9 million financing deal By Investing.com