Eve, a subsidiary of Embraer for Urban Air Mobility (UAM), has begun trading its common stock and warrants on the New York Stock Exchange (NYSE) under the ticker symbols EVEX and EVEXW, respectively.

The public listing follows completion of a business combination with Zanite Acquisition Corp. that generated USD 377 million of gross proceeds, which will be used to accelerate the development, certification and commercialization of Eve’s comprehensive UAM solution, including an eVTOL.

“This transaction is a key enabler of our mission to become a leading player in a potential USD 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.”

André Stein, Co-CEO of Eve.

Until now, Eve has secured orders for 1,825 eVTOLs aircrafts via non-binding letters of intent from 19 customers, including Azorra Aviation, Falko Regional Aircraft, Republic Airways e SkyWest.

“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.”

Francisco Gomes Neto, President and CEO of Embraer.