May 10, 2022 |
Brazilian aircraft manufacturer Embraer said Monday that it added to investments in its flying taxi spin-off Eve Urban Air Mobility, according to a securities filing.
Embraer put $185 million in a $357 million private investment in public equity (PIPE) and kept an 82% stake in the spin-off, Eve said in the filing. US blank-check company Zanite Acquisition Corp invested $237 million in Eve and its backers added $25 million to the PIPE.
"We are very fortunate we have a partner like Embraer to sho
Brazilian aircraft manufacturer upsizes PIPE to $357 mln and keeps 82% of eVTOL unit Eve