09:04 AM EDT, 06/11/2024 (MT Newswires) -- (Updates with response from company in last paragraph.)

Eve Holding ( EVEX ) expects to raise enough funds as early as next month to finance operations through the certification of its flying taxis in 2026, Reuters reported Monday, citing Chief Executive Johann Bordais.

The electric aircraft maker, majority-owned by Embraer ( ERJ ) , said it now has enough cash to fund operations through 2025.

Bordais said the development of the company's aircraft remains on schedule, with ground tests for a prototype set to begin next month, according to the report.

An Eve spokesperson confirmed the accuracy of Bordais' comments in the Reuters report.

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