- Eve UAM, LLC, an Embraer SA ERJ company, has established a strategic partnership with Acciona to accelerate the development of a global and sustainable Urban Air Mobility ecosystem.
- Acciona is a provider of regenerative solutions for a decarbonized economy.
- Related: EVTOL Company Eve Gets Spin Out From Embraer, SPAC Deal: What Investors Should Know
- As per the partnership terms, upon completion of Eve's business combination with Zanite Acquisition Corp ZNTE, Acciona will invest $30 million and join the group of strategic investors supporting the development of Eve and its business plan.
- José Manuel Entrecanales, Acciona's Chairman and CEO, will become a member of the Board after Eve's listing on NYSE.
- Price Action: ERJ shares closed higher by 3.74% at $11.65 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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