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Raised $150M debt (Jan 2026). $1.2B total funding backed by Embraer. Completed first full-scale eVTOL flight Dec 2025. 300 test flights planned in 2026.
Eve Air Mobility is an eVTOL (electric vertical takeoff and landing) company backed by Embraer, the Brazilian aerospace manufacturer, giving it supply chain, manufacturing, and certification expertise that pure-software eVTOL startups lack. The company secured $150 million in debt financing in January 2026 from Itaú, Citibank, and Mitsubishi UFJ, bringing total funding to $1.2 billion and confirming a runway through 2028.
UK eVTOL company secured $800M conditional funding in Mar 2026 and completed piloted hover-to-forward-flight transition with VX4; pre-orders from American Airlines and Virgin Atlantic; targeting Type Certificate and commercial service by 2028.
Vertical Aerospace is a UK-based eVTOL company developing the VX4 electric air taxi, which completed its piloted transition flight — the technically critical maneuver of transitioning from hovering to forward winged flight — in 2026. This milestone validates the core propulsion architecture and is the hardest technical gate for tiltrotor eVTOL designs. The $800 million conditional funding agreement secured in March 2026, if closed, would be the largest single fundraise in UK aerospace history.
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