The National Bank for Economic and Social Development (BNDES) approved financing of BRL 490 million to Eve Soluções de Mobilidade Aérea Urbana, an Embraer subsidiary, for the first phase of the development of electric vertical takeoff and landing aircraft (eVTOL). ).
The amount corresponds to 75% of the total invested in this phase of the project’s development, focused on research and development (R&D), which is R$ 652 million. Of this amount, R$80 million will come from the BNDES Fundo Clima Program (Urban Mobility subprogram) and R$410 million will come from the Finem Line – Incentivized A/Inovation.
Also known as a flying car, Eve’s eVTOL will be designed to perform urban flights and will provide lower noise levels and greater sustainability compared to traditional vehicles. With zero local emissions, the vehicle should be available on the market from 2026.
The vehicle will be 100% battery electric and will initially be capable of transporting four passengers plus the pilot over a distance of up to 100 kilometers. The noise emitted by the aircraft will be up to 90% lower than that of helicopters.
The BNDES points out that the urban air mobility market will be driven in the coming decades by factors such as growing urban populations, land space limitations and high infrastructure improvement costs, as well as high levels of local pollution from traditional means of transport.
With innovative technology, eVTOLs will enable short trips faster than traditional means and with zero local emissions of greenhouse gases.
In a note, Bruno Aranha, director of productive and socio-environmental credit at the BNDES, points out that the operation is especially emblematic within the scope of the Climate Fund, as it contemplates the development of a disruptive product that will mitigate the emission of greenhouse gases.
“This is a huge innovative effort carried out in Brazil. The success in the development of eVTOL will allow entry into a market segment of high technological intensity”, says
André Stein, co-CEO of Eve, believes that the support will not only accelerate innovation, but also the rise of a new form of more sustainable aviation with eVTOL aircraft, helping to transform industry and urban mobility, and reducing the noise pollution and the cost of urban flights. “The BNDES will be a fundamental partner for us to complete the development of our portfolio of products and services”, he says.
The consummation of the financing is subject to the fulfillment of prior conditions established by the BNDES, among others, and the signature of the respective contract.
Source: CNN Brasil
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