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Electric aircraft maker Eve raises $94 million from Embraer, Nidec
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Electric aircraft maker Eve raises $94 million from Embraer, Nidec
Jul 1, 2024 4:30 AM

SAO PAULO, July 1 (Reuters) - Electric aircraft maker

Eve has obtained $94 million in new equity from a group

of investors including its controlling shareholder Embraer ( ERJ )

and Japan's Nidec ( NNDNF ), 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 ( NNDNF ) 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.

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