Eve UAM, LLC, an Embraer company, and Acciona on Friday announced a strategic partnership to accelerate the development of a global and sustainable Urban Air Mobility (UAM) ecosystem.
Under the terms of the partnership, upon the consummation of Eve's business combination with Zanite Acquisition Corp., Acciona will invest US$30 million and will join the group of strategic investors that are currently supporting the development of Eve and its business plan. As part of the agreement, José Manuel Entrecanales, Acciona's chairman and CEO, will become one of the seven members of the board of directors after Eve's listing on the New York Stock Exchange (NYSE), which is expected to happen in the second quarter of 2022.
"Whether we like it or not, the world's population is increasingly concentrated in larger cities. Keeping the climate footprint of these urban areas at bay is one of the greatest challenges of the decarbonisation process we are all engaged in," Entrecanales said. "Urban air transport models such as the one proposed by Eve can be very useful when considering different sustainable mobility solutions. Participating in a project as innovative as Eve will allow us to continue advancing along that path."
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