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Mobility SPAC EVe Mobility Acquisition files for a $200 million IPO

November 12, 2021

EVe Mobility Acquisition, a blank check company led by NXCR executives targeting the mobility-related ecosystem, filed on Friday with the SEC to raise up to $200 million in an initial public offering.

The Wilmington, DE-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, EVe Mobility Acquisition would command a market value of $277 million.

The company is led by CEO and Chairman Scott Painter, the CEO of automotive subscription platform NXCR, and President and Vice Chairman Georg Bauer, who holds the same roles at NXCR. The company plans to target the mobility-related ecosystem, including traditional automotive sectors as well as technological subsectors.

EVe Mobility Acquisition was founded in 2021 and plans to list on the NYSE under the symbol EVE.U. The company filed confidentially on May 7, 2021. Cantor Fitzgerald and Moelis & Company are the joint bookrunners on the deal.