Eve Air Mobility $230 Million Offering to Fund eVTOL Certification

Eve Air Mobility, the urban air mobility subsidiary of Embraer, has launched a $230 million registered direct offering to accelerate the development and certification of its four-passenger electric vertical takeoff and landing (eVTOL) aircraft. The company offered 47,422,680 shares of common stock priced at $4.85 per share, according to company filings.

Strategic Funding and Dual Listing

The capital raise is anchored by participation from Embraer and BNDESPAR, the investment arm of the Brazilian Development Bank. A key feature of the transaction is the introduction of Brazilian Depositary Receipts (BDRs), enabling Eve to establish a dual listing on the B3 – São Paulo Stock Exchange under the ticker EVEB31 while maintaining its existing Nasdaq presence. The move is designed to diversify Eve's investor base and expand access to Brazilian capital markets.

Certification and Program Goals

Proceeds will fund critical eVTOL aircraft development and certification activities, along with general corporate expenses and services performed in Brazil. Beyond the aircraft itself, Eve is developing a comprehensive suite of urban air mobility solutions, including traffic management software and supporting infrastructure services. By leveraging Embraer's deep engineering and certification expertise, Eve aims to close the gap between prototype development and commercial entry into service.