Acciona enters strategic partnership with Eve UAM with investment of US$30 million

Acciona, a global company leader in the provision of regenerative solutions for a decarbonised economy and Eve UAM, an Embraer company, have entered into a strategic partnership to accelerate the development of a global and sustainable Urban Air Mobility 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 (£20 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.

The partnership will also benefit novel industrial initiatives in the development of a sustainable UAM ecosystem, including vertiports, power purchase agreements, battery charging solutions, and handling. In 2021, 93% of the Acciona Group’s investments were aligned with the European Union’s taxonomy for sustainable activities. The company avoided the emission of 13.4 million tonnes of CO2 (+1.5%) during the year, ending that year as the most sustainable electricity company in Spain and the second most sustainable worldwide, according to the Sustainability Yearbook 2022 published by S&P Global.

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