Sustainability Group Acciona Commits to Strategic Investment in Eve's Urban Air Mobility Plans

The $30 million strategic investment is set to be made once Eve completes an initial public offering on the New York Stock Exchange following a business combination with Zanite Acquisition Corp.

Eve's eVTOL aircraft could operate in cities including the Spanish capital Madrid. — Madrid, Spain-based sustainability group Acciona is set to make a $30 million investment in Eve's eVTOL aircraft program and partner with it to develop urban air mobility services. (Image: Eve)

By Charles Alcock • Managing Editor

March 18, 2022

Sustainability technology group Acciona is preparing to make a $30 million strategic investment in Eve Urban Air Mobility. In a March 18 announcement, the Spanish company said it will complete the deal once the Embraer subsidiary has achieved its planned combination with Zanite Acquisition and subsequent New York Stock Exchange listing, which is anticipated during the second quarter of 2022.

As part of the agreement, Acciona chairman and CEO Jose Manuel Entrecanales will become one of seven directors on Eve’s board. The company intends to support Eve’s efforts to bring a four-passenger eVTOL aircraft into commercial operation by 2026, and also develop supporting infrastructure for urban air mobility (UAM) services.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

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