Eve Air Mobility has entered into agreements with BNDESPAR (a subsidiary of the Brazilian Development Bank), Embraer, and other institutional investors to raise $230 million through a registered direct offering of 47,422,680 common shares at $4.85 per share. Brazilian Development Bank (BNDES) will subscribe to Brazilian Depositary Receipts (BDRs) at R$26.21 each, representing one share of common stock. The transaction is scheduled to close on August 15, 2025.
The BDRs have been approved for listing on the São Paulo Stock Exchange (B3) under the ticker “EVEB31” and will be delivered to BNDES in Brazil. Proceeds from the BDRs will be used to pay for services performed in Brazil, while the remaining funds will support general corporate purposes, potential acquisitions or strategic investments, and debt repayment.
Eve CFO Eduardo Couto stated, “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.”
CEO Johann Bordais 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.”
Cantor Fitzgerald & Co., Raymond James & Associates, Inc., and Banco Bradesco BBI S.A. are acting as placement agents, with Banco Bradesco BBI also serving as financial advisor.
The offering is being conducted under Eve’s shelf registration statement filed with and approved by the U.S. Securities and Exchange Commission in June 2025. The BDR program was approved by the Brazilian Securities Commission (CVM) solely to facilitate BNDES’s investment, and the offering is not subject to registration with Brazilian regulatory bodies.