BUZZ-Eve Holding announces additional $35 million for eVTOL development, shares rise

Reuters12-02

BUZZ-<a href="https://laohu8.com/S/EVEX">Eve Holding</a> announces additional $35 million for eVTOL development, shares rise

** Shares of electric aircraft maker Eve Holding Inc EVEX.N up 4% at $4 premarket

** EVEX announced $35 million fund from Brazil's National Development Bank (BNDES) for electric vertical take-off and landing aircraft (eVTOL) development

** EVEX had earlier on Oct. 15 obtained an $88 mln loan from BNDES to fund the development of its first production facility

** 6 of 9 brokerages rate the stock "buy" or higher, 3 "hold"; their median PT is $5.50 - LSEG data

** Up to last close, stock down ~43% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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