Eve Air Mobility Raises $230 Million Through Equity Offering

By Hao Liu • Friday, August 15 15:42 • Permanent Link

Eve Air Mobility has just announced a significant equity capital raise through a registered direct offering, raising a total of $230 million in gross proceeds. The company issued and sold 47,422,680 shares of common stock at $4.85 per share. This capital raise is expected to bring about a dual listing for Eve in the United States and Brazil.

The subscription of Brazilian Depositary Receipts (BDRs) by BNDES, each representing one share of common stock at R$26.21 per BDR, is expected to bring in the total gross proceeds of $230 million. It's worth noting that the BDRs have been approved for listing on the Sao Paulo Stock Exchange (B3) under the symbol "EVEB31" and will be delivered to BNDES in Brazil.

Eve plans to use the gross proceeds from the BDRs to pay for services performed in Brazil, while the remaining net proceeds from the offering will be utilized for general corporate purposes, including financing operations, possible business acquisitions or strategic investments, and repayment of outstanding indebtedness.

The company's financial leadership expressed that the dual listing in the United States and Brazil aligns with their continuous effort to diversify their investor base, bringing in new stockholders from different locations. Eve's CEO remarked that this equity raise marks a significant milestone in their journey and supports their vision to transform urban mobility.

The registered direct offering is being made pursuant to a shelf registration statement on Form S-3 and is expected to close on August 15, 2025, subject to the satisfaction of customary closing conditions.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor does it imply any sale of securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Eve Air Mobility, backed by Embraer, is dedicated to accelerating the urban air mobility ecosystem and is listed on the New York Stock Exchange, where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW." The market has reacted to these announcements by moving the company's shares 4.53% to a price of $4.62. If you want to know more, read the company's complete 8-K report here.

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