Eve Announces $230 Million Equity Capital Raise and Dual Listing in the United States and Brazil

Eve Air Mobil­i­ty has secured $230 mil­lion in new equi­ty fund­ing and is now list­ed on both the NYSE (EVEX) and B3 (EVEB31). This lat­est invest­ment brings the total amount of cap­i­tal Eve has raised since 2022 to $1 bil­lion.

The list­ing includes the sub­scrip­tion of Brazil­ian Deposi­tary Receipts (BDRs) by BNDES, each of which rep­re­sents one share of com­mon stock at R$26.21 per BDR[1], for total gross pro­ceeds of $230 mil­lion, before deduct­ing place­ment agent com­mis­sions and esti­mat­ed offer­ing expens­es (the Reg­is­tered Direct Offer­ing), which is expect­ed to close on August 15, 2025[2].

Eve will uti­lize the gross pro­ceeds from BDRs to pay for ser­vices per­formed in Brazil, and intends to use the remain­ing net pro­ceeds from the Reg­is­tered Direct Offer­ing for gen­er­al cor­po­rate pur­pos­es, includ­ing financ­ing oper­a­tions, pos­si­ble busi­ness acqui­si­tions or strate­gic invest­ments, and repay­ment of out­stand­ing indebt­ed­ness.

Johann Bor­dais, Eve’s CEO, said: “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’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,” added Eduar­do Couto, Chief Finan­cial Offi­cer at Eve.

Can­tor Fitzger­ald & Co., Ray­mond James & Asso­ciates, Inc. and Ban­co Brade­sco BBI S.A. are act­ing as place­ment agents in con­nec­tion with the offer­ing of com­mon stock in the Reg­is­tered Direct Offer­ing. Ban­co Brade­sco BBI S.A. is act­ing as finan­cial advi­sor to Eve.

[1] Equiv­a­lent val­ue based on the PTAX rate on August 12, 2025

[2] Sub­ject to the sat­is­fac­tion of cus­tom­ary clos­ing con­di­tions, except for the issuance of com­mon stock to Embraer which will take place at least 20 busi­ness days fol­low­ing the deliv­ery to Eve’s stock­hold­ers of an infor­ma­tion state­ment com­ply­ing with Reg­u­la­tion 14C under the Secu­ri­ties Exchange Act of 1934, as amend­ed.