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Eve Air Mobility Raises $230 Million and Unveils B3 BDR Listing

Government-linked BNDESPAR joined Embraer with institutional backers in the funding round, boosting support for Eve's Brazil-based operations.

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Overview

  • Eve entered into subscription agreements to issue 47,422,680 shares at $4.85 apiece in a registered direct offering totalling $230 million, with closing expected on August 15, 2025.
  • BNDESPAR, Embraer and other institutional investors subscribed to the share sale, signaling strong government and parent-company backing.
  • Brazilian Depositary Receipts representing one Eve share each at R$26.21 were approved for listing on B3 under ticker EVEB31 to broaden the company’s local investor base.
  • Gross proceeds from the BDRs will fund services performed in Brazil, while net proceeds from the offering will finance general corporate needs, including operations, strategic investments and debt repayment.
  • Cantor Fitzgerald, Raymond James and Banco Bradesco BBI are acting as placement agents and financial advisor under an SEC-effective Form S-3 shelf registration.