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.