Successful isolation and characterization of a series of Er‐based dimetallofullerenes present valuable insights into the realm of metal–metal bonding. These species are crystallographically identified as Er2@Cs(6)‐C82, Er2@C3v(8)‐C82, Er2@C1(12)‐C84, and Er2@C2v(9)‐C86, in which the structure of the C1(12)‐C84 cage is unambiguously characterized for the first time by single‐crystal X‐ray diffraction. Interestingly, natural bond orbital analysis demonstrates that the two Er atoms in Er2@Cs(6)‐C82, Er2@C3v(8)‐C82, and Er2@C2v(9)‐C86 form a two‐electron‐two‐center Er−Er bond. However, for Er2@C1(12)‐C84, with the longest Er⋅⋅⋅Er distance, a one‐electron‐two‐center Er−Er bond may exist. Thus, the difference in the Er⋅⋅⋅Er separation indicates distinct metal bonding natures, suggesting a distance‐dependent bonding behavior for the internal dimetallic cluster. Additionally, electrochemical studies suggest that Er2@C82–86 are good electron donors instead of electron acceptors. Hence, this finding initiates a connection between metal–metal bonding chemistry and fullerene chemistry.