Eve Air Mobility Raises $230M in Dual NYSE-B3 Listing for eVTOL Development

Eve Air Mobility (NYSE: EVEX), the urban air mobility subsidiary of Embraer, closed a $230 million equity raise through a registered direct offering. The transaction involved 47,422,680 shares priced at $4.85 each, with Brazilian Depositary Receipts trading as EVEB31 on São Paulo's B3 exchange.

The dual listing strategy, announced Aug. 14, 2025, aims to diversify Eve's investor base across the United States and Brazil. Cantor Fitzgerald & Co., Raymond James & Associates and Banco Bradesco BBI served as placement agents. CFO Eduardo Couto said the structure helps attract stockholders from different geographic regions.

Proceeds will fund general corporate purposes, including operations, acquisitions and debt repayment, while supporting electric vertical takeoff and landing aircraft development. The raise strengthens Eve's financial position as eVTOL stocks gain momentum — shares have surged 144% over the past year to a market cap near $1.76 billion. Major Brazilian development bank BNDES participated through the BDR program.