Eve Holding began trading today on the New York Stock Exchange following the completion yesterday of the merger of special purpose acquisition company Zanite Acquisition and the Embraer subsidiary Eve Urban Air Mobility (UAM). Eve Holding’s common stock is trading under the ticker symbol EVEX, while warrants have the symbol of EVEXW.

The combined business generated $337 million in gross proceeds, which will be used toward the development, certification, and commercialization of Eve’s UAM plans for manufacturing, service and support, fleet operations, and air traffic management, according to the new organization.

“Today, we celebrate a historic milestone in a journey that we began nearly five years ago in EmbraerX, the market accelerator of Embraer,” said André Stein, co-CEO of Eve. “This transaction is a key enabler of our mission to become a leading player in a potential $760 billion UAM addressable market."

Eve co-CEO Jerry DeMuro added that the company has launch orders for 1,825 vehicles, with non-binding letters of intent from 19 customers including Azorra Aviation, Falko Regional Aircraft, Republic Airways, and SkyWest. “We believe Eve is uniquely positioned to develop, certify and commercialize our UAM solutions on a global scale,” he said.

Eve will retain a strategic partnership with Embraer that includes a royalty-free license of Embraer’s intellectual property, access to Embraer employees, and use of Embraer’s global infrastructure.