Eve Air Mobility Secures $94 Million in New Equity Financing
Eve Air Mobility has successfully secured $94 million in new equity financing from a diverse group of investors, including prominent global industrial companies such as Embraer and Nidec, as well as several financial investors. This funding, which involves the issuance of new common stock shares and warrants, is expected to significantly bolster the company’s future prospects and support the ongoing development and manufacturing of its eVTOL (electric vertical take-off and landing) aircraft.

Eve Air Mobility has successfully secured $94 million in new equity financing from a diverse group of investors, including prominent global industrial companies such as Embraer and Nidec, as well as several financial investors. This funding, which involves the issuance of new common stock shares and warrants, is expected to significantly bolster the company’s future prospects and support the ongoing development and manufacturing of its eVTOL (electric vertical take-off and landing) aircraft.
“We appreciate the confidence that these investors are placing in Eve. The new equity, along with existing cash and credit lines, ensures Eve is well positioned as we continue to build momentum and advance in the development and manufacturing of our eVTOL,” said Eduardo Couto, Chief Financial Officer at Eve Air Mobility. The company boasts the industry's largest pre-order book, with letters of intent for 2,900 aircraft and strong program development partners, underscoring the opportunity that Eve presents for both strategic and financial investors.
As part of this financing round, Eve entered into agreements on June 28, 2024, for the issuance and sale of 23,500,000 new shares of common stock at a purchase price of $4.00 per share. Additionally, certain warrants will be exchanged for shares of common stock, and warrants will be granted to specific investors. This private placement is anticipated to generate gross proceeds of $94 million for Eve, before deducting other offering expenses.
The equity funding is expected to close in the coming weeks, contingent upon the satisfaction of customary closing conditions. More details regarding the equity funding are provided in a Form 8-K filed by Eve with the Securities and Exchange Commission (SEC).
Founded in 2017 and headquartered in Brazil, Eve Air Mobility specializes in the development and production of eVTOL aircraft, aiming to offer urban air mobility solutions. The company leverages its strong industrial partnerships and broad investor base to drive its vision of delivering sustainable and innovative air transportation solutions.
This new financing round will further strengthen Eve Air Mobility's position in the industry and contribute to the company's long-term goals. The potential of eVTOL technology to shape the future of urban transportation is significant, and Eve continues to play a pioneering role in this sector.
With this substantial financial backing, Eve is well-equipped to advance its development projects and bring its innovative eVTOL aircraft to market. The ongoing support from investors reflects their confidence in Eve's strategic direction and the promising future of urban air mobility. As the company moves forward, it aims to not only meet but exceed the expectations of its stakeholders, ensuring a sustainable and technologically advanced future for urban transportation.
Eve Air Mobility's continued progress in developing eVTOL aircraft is a testament to its commitment to innovation and sustainability. By securing this significant equity financing, the company is set to accelerate its efforts in creating efficient and environmentally friendly urban transportation solutions. This milestone represents a crucial step in Eve's journey towards revolutionizing urban air mobility, aligning with global trends towards greener and more efficient transportation alternatives.