Eve's Post-merger Capital Expected To Near $600M | Aviation International News

Eve's Post-merger Capital Expected To Near $600M

Eve Urban Air Mobility now expects to raise nearly $600 million from its pending merger with Zanite Acquisition Corp. and subsequent IPO.

By Charles Alcock • Managing Editor

March 25, 2022

Eve Urban Air Mobility now expects to raise nearly $600 million from its pending merger with Zanite Acquisition Corp. and subsequent IPO on the New York Stock Exchange. During a briefing for investors today, the eVTOL aircraft developer’s CFO, Eduardo Couto, said the deal—announced in December—has boosted the public investment in private equity (PIPE) by $42 million, to $347 million.

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