Eve Air Mobility Raises $230M, Adds Brazilian Exchange Listing

Eve Air Mobility (NYSE: EVEX) has secured $230 million through a registered direct offering of 47.4 million new common shares at $4.85 per share. The Embraer subsidiary will use proceeds to fund operations, potential mergers and acquisitions, and debt repayment as it advances electric vertical takeoff and landing aircraft development.

The company announced a dual listing strategy, launching Brazilian Depositary Receipts on the B3 exchange under ticker EVEB31 to supplement its New York Stock Exchange presence. Major investors include BNDESPAR and Embraer, with placement agents Cantor Fitzgerald, Raymond James & Associates, and Banco Bradesco BBI facilitating the offering.

Prior to the offering, Eve traded at $5.86 with a market capitalization of approximately $1.76 billion. The company recently signed an agreement for up to 50 eVTOLs for Costa Rican operations in June 2025, demonstrating progress in the competitive urban air mobility sector as investor confidence in electric aviation technology continues growing.