Eve Holding, Inc. (EVEX): Driving Global Urban Air Mobility with eVTOL Innovation

Eve Holding, Inc. (NYSE:EVEX) is one of the best NYSE penny stocks to buy now. On February 3, 2026, Eve Air Mobility (NYSE:EVEX) signed a binding order with Tokyo-based AirX for up to 50 eVTOL aircraft, marking its second such deal and first in Asia-Pacific. The partnership aims to advance sustainable urban air mobility in Japan, with initial deliveries expected in 2029.

Eve’s CEO Johann Bordais called the agreement a milestone that positions the region to lead in clean air transport, while AirX CEO Kiwamu Tezuka highlighted the collaboration’s role in driving innovation and sustainability. The aircraft will support sightseeing and last-mile routes in cities like Tokyo and Osaka, reinforcing Eve’s growing global footprint and the rising demand for zero-emission air travel.

Earlier on January 15, Eve Air Mobility received a significant boost in its bid to revolutionize urban air mobility. The company confirmed the signing of an agreement with the Export-Import Bank and the Private Export Funding Corporation for up to $15 million in guaranteed loans.

The company can use the financing to procure batteries and engineering services from its supplier, BAE Systems. BAE Systems will provide the much-needed battery systems for integration into Eve’s eVTOL aircraft, enabling efficient and sustainable urban air mobility operations.

The $15 million deal marks an important milestone in the continued de-risking of the company’s program. The deal also provides additional support during the development and testing phases.

“This agreement underscores EXIM Bank’s confidence in Eve’s business model and the strong future of urban air mobility. It will empower Eve’s U.S. supply chain by providing critical financial flexibility, accelerating the adoption of sustainable air travel globally,” said Eduardo Couto, chief financial officer at Eve Air Mobility.

Eve Holding, Inc. (NYSE:EVEX) develops and manufactures electric vertical take-off and landing (eVTOL) aircraft, commonly known as air taxis. It provides a comprehensive ecosystem for urban air mobility (UAM), including aircraft production, global services and support, and air traffic management software.

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Disclosure: None. This article is originally published at Insider Monkey.