Finance, Taxes, Insurance
Eve Raising $230 Million To Support eVTOL Aircraft Development
Embraer spin-off is now publicly listed in both Brazil and the U.S.
Eve Air Mobility
Eve Air Mobility has raised further funding to support work on its four-passenger eVTOL aircraft.

Eve Air Mobility plans to raise $230 million in equity capital through a share offering that is set to close on August 15. The government-backed Brazilian Development Bank (BNDES), along with Embraer and several institutional investors, subscribed to the offering of 47,422,680 shares in common stock, priced at $4.85 per share.

The offering includes new Brazilian Depository Receipts backed by BNDES that will be listed on the São Paulo stock exchange. Eve will use the proceeds from these to cover the cost of services performed in Brazil, where it is manufacturing the four-passenger eVTOL Eve 100 it is developing for service entry in 2027.