Brazilian planemaker Embraer SA has agreed to combine its electric aircraft subsidiary Eve with Zanite SPAC and list it on NYSE, the companies said on Tuesday.
The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassiohas agreed to combine its electric aircraft subsidiary Eve with Zanite SPAC and list it on NYSE, the companies said on Tuesday.
After the transactions, Eve, listed on NYSE under the ticker EVEX, will have a $512 million cash position that will be used to develop Eve's flying taxi. The company already has an order pipeline of $5 billion, comprised of 1,735 battery-powered craft that takes off and lands vertically.Among the 17 customers with pre-orders are lessors, helicopter operators and ride sharing companies.
Gomes Neto said in an interview that Eve will probably have multiple production sites to deliver to customers in different continents, but the locations have not yet been chosen. Gomes Neto expects Eve to reach $4.5 billion in revenue by 2030, with around 15% of the global urban air mobility market.
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