Eve Air Mobility Secures $230M, Launches Dual Trading: A Bold Leap for eVTOL Ambitions

Capital Infusion: Fueling Flight Forward

Eve Air Mobility (NYSE:EVEX) has executed a substantial $230 million equity capital raise through a registered direct offering, selling 47,422,680 shares at $4.85 each. The investors include BNDESPAR (a Brazilian Development Bank subsidiary), Embraer, and other institutional backers—right in line with Eve’s strategy of deepening financial roots in both hemispheres.

The offering is set to close on August 15, 2025, and proceeds from the Brazilian Depositary Receipts (BDRs) will fund services rendered in Brazil, while the remaining funds will drive general corporate purposes: operations, potential acquisitions, and debt repayment.

Eve Air Mobility

• Headquarters in São José dos Campos, São Paulo, Brazil
• Founded on 15 October 2020, out of an Embraer-X accelerator project
• B3: EVEB31
  NYSE: EVEX
• almost 3,000 eVTOL pre-orders (letters of intent)

Embraer

• Headquartered in São José dos Campos, São Paulo, Brazil
• third largest producer of civil aircraft worldwide after Boeing and Airbus
• B3: EMBR3
  NYSE: ERJ

BNDES

• Headquartered in Rio de Janeiro, Brazil
• founded in 1952
• one of the largest development banks in the world (after the Chinese Development Bank)
• Two integral subsidies:
  • FINAME and BNDESPAR

Bndes Participações S.A. (BNDESPAR)

• business corporation,  integral subsidiary of the BNDES

Cross‑Border Listing: Taking Flight in Brazil

Not stopping with the New York presence (NYSE: EVEX / EVEXW), Eve is initiating a dual listing on Brazil’s B3 exchange via BDRs under the ticker EVEB31, each BDR valued at R$26.21 (≈ $4.85).

For Eve CFO Eduardo Couto, the dual listing aligns with diversifying the investor base:

“Eve’s dual listing in the United States and Brazil is aligned with our continuous effort to diversify our investor base, bringing new stockholders from different locations.” – Eduardo Corto, CFO of Eve Air Mobility

CEO Johann Bordais added,

“This equity raise marks a significant milestone in our journey. It supports our vision and fuels our mission to transform urban mobility. We’re proud to have BNDES onboard and we deeply value Embraer’s continued commitment to Eve and our program.” – Eve Air Mobility CEO Johann Bordais

Building Momentum Amid Financial Headwinds

This sizable capital injection comes during a challenging market landscape, where Eve recently reported rising net losses and increasing competition in the fast-paced eVTOL sector.

The deal not only strengthens runway for critical operational and development needs but also cements deeper ties with Brazilian institutions—crucial as Eve scales flagship initiatives like Vector, its Urban Air Traffic Management software, and continues certifying its full-scale prototype. 

A Strategic Turning Point

• Enhanced Market Access: Dual listing provides access to both US and Brazilian capital markets, diversifying investor support.
• Strengthened Financial Position: With a healthy offering, Eve is better equipped to scale manufacturing, progress certification, and invest in UAM infrastructure.
• Signal of Confidence: The participation of BNDESPAR and Embraer underlines institutional confidence in Eve’s long-term vision.
• Operational Flexibility: Capital can now strategically fund acquisitions, debt reduction, and domestic services.

Looking Ahead

As 2026 and commercial deployment approach, Eve’s dual listing and capital boost fortify its leadership position in the evolving global eVTOL ecosystem. Between backing from Embraer and now BNDES, plus its growing services and traffic management platform, Eve continues betting on a future where urban air mobility is both transformative and tangible

Stay tuned to eVTOL buzz—we’ll be watching how these funds accelerate Eve’s flight path toward certification, fleet production, and operational rollout.

More Info:

Official Press release from Eve Air Mobility: click here