Eve goes public on New York Stock Exchange



On Tuesday, Eve’s common stock and warrants will began trading on the New York Stock Exchange (NYSE) under the ticker symbols ‘EVEX’ and ‘EVEXW’. The listing follows Monday’s (May 9, 2022) completion of the partnership between Zanite and EVE UAM, a subsidiary of Embraer.

André Stein, co-CEO, Eve, said: “Today, we celebrate a historic milestone in a journey that we began nearly five years ago in EmbraerX, the market accelerator of Embraer, a leader in the global aviation industry. This transaction is a key enabler of our mission to become a leading player in a potential $760 billion UAM addressable market, and we thank the entire team at Eve and Embraer for all of their hard work, and our partners at Zanite as well as our other investors for their support.”

Stein’s fellow co-CEO, Jerry DeMuro added: “Our pipeline of launch orders for 1,825 vehicles secured via non-binding letters of intent from 19 customers consists of industry leaders who also invested in Eve, including Azorra Aviation, Falko Regional Aircraft, Republic Airways and SkyWest, and provides powerful validation of our business strategy and vision.”

Eve’s partnership with Embraer includes a royalty-free license to Embraer’s background IP to be used within the UAM market as well as access to thousands of Embraer employees on a first priority basis and use of the Brazilian OEM’s global infrastructure.

Francisco Gomes Neto, president and CEO, Embraer, said: “We believe in the great potential of the global UAM market and Eve is well positioned to be a global leader by delivering an effective and sustainable new mode of urban transportation. We are fully committed to Eve, which plays a key role in our growth strategy driven by innovation and enterprise efficiency.”