FutureFlight
Eve Sales Commitments Mount as the Embraer Unit Readies for Wall Street Listing
Eve Urban Air Mobility said the number of provisional sales commitments received for its planned four-passenger eVTOL aircraft has reached 1,825.
Eve's four-passenger eVTOL could operate in cities such as Miami.
As it prepares to raise funds via a Wall Street share flotation in May, Embraer subsidiary Eve is stepping up preparations for commercial air taxi services by developing concept of operations documents for cities including Florida. (Image: Eve Urban Air Mobility)

Just over a week ahead of closing a business combination with Zanite Acquisition and a New York Stock Exchange listing on May 9, Eve Urban Air Mobility said the number of provisional sales commitments received for its planned four-passenger eVTOL aircraft has reached 1,825. In an April 29 statement, the subsidiary of Brazilian aircraft manufacturer Embraer also confirmed that it plans to publish an air taxi concept of operations for Rio de Janeiro.

Depending on how many of Zanite's current investors redeem their shares on completion of the deal announced in December 2021, Eve says it could raise more than $500 million in new capital. The business combination is backed by a $357.3 million private investment in public equity that now includes an additional $52.3 million pledged by additional strategic partners including Thales, Acciona, and Space Florida. Embraer, which will remain the majority owner of the new Eve Holding business with an anticipated 82 percent stake, also has increased its investment in it.