Eve Brazil awarded up to R$90M (~$16M) economic grant from Finep for eVTOL project

Eve Holding, Inc.

Finep grants up to R$90,000,000 (~$15.96M) non-dilutive subsidy for eVTOL ecosystem development in Brazil.
Eve Brazil must contribute at least R$100.76M (~$17.87M) of its own resources as counterpart funding.
Project term is 36 months from signing; unused installments cancel after that period.
Funds will be used for research and development of electric vertical takeoff and landing technology.
Grant is part of Brazil's Mais Inovação program under the Ministry of Science, Technology and Innovation.

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