Electric aircraft maker Eve raises $94 million from Embraer, Nidec

Eve Holding

01/07/2024 11:50

SAO PAULO, July 1 (Reuters) - Electric aircraft maker
Eve  EVEX.N  has obtained $94 million in new equity from a group
of investors including its controlling shareholder Embraer
 EMBR3.SA  and Japan's Nidec  6594.T , it said on Monday.
    The firm said the move aimed at supporting the development
of its eVTOL aircraft includes the issuance and sale of 23.5
million new common shares at $4.00 each, with Nidec adding in a
separate statement its investment would total $20 million.
    Eve Chief Executive Johann Bordais had told Reuters in June
that the company was set to raise funds as soon as this month to
finance operations through the certification of its "flying
taxi," expected in 2026.

 (Reporting by Gabriel Araujo, Editing by Louise Heavens)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))