Envirotech Vehicles

EVTV

Market cap $17.1M

Execution Momentum Accelerates Following $100 Million in Government Revenue and Announced $3.00 Per Share Merger Framework with Envirotech Vehicles (NASDAQ: EVTV) LOS ANGELES, Jan. 12, 2026 /PRNewswire/ -- AZIO AI, in conjunction with Azio Corp, a next-generation artificial intelligence infrastructure and high-performance computing platform, today announced it has received a binding purchase order for 256 units of the Nvidia B300's GPUs, representing a significant advancement towards completion of a major governmental Purchase Order in Southeast Asia, resulting in approximately $107 million in contractual revenue, underscoring the Company's ability to execute complex, large-scale government and institutional initiatives. The company expects to receive a 30% deposit over the course of the next few weeks.

Strategic Capital Momentum Accelerates as AZIO AI Advances Proposed Business Combination with Envirotech Vehicles, Inc. (NASDAQ: EVTV) LOS ANGELES, Jan. 6, 2026 /PRNewswire/ -- AZIO AI, Inc. ("AZIO AI"), a next-generation artificial intelligence infrastructure and compute platform, today announced growing support from a group of new strategic investors, including large corporate participants across the AI data-center and supply-chain ecosystem, as the Company advances toward completion of its proposed merger and related equity transactions with Envirotech Vehicles, Inc. (NASDAQ: EVTV). The proposed business combination with Envirotech Vehicles, Inc. (EVTV) is expected to provide AZIO AI with access to public-market infrastructure, enhanced capital-markets flexibility, and an expanded platform to support long-term AI infrastructure deployment alongside EVTV's existing public-company operations.

EVTV Board of Directors Approves Amended and Restated LOI with AZIO AI at $3.00 Per Share, Subject to Independent Third-Party Valuation HOUSTON, TX / ACCESS Newswire / January 6, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("EVTV" or the "Company") today announced that it has entered into an Amended and Restated Letter of Intent ("LOI") with AZIO AI Corporation ("AZIO AI"), pursuant to which EVTV would acquire 100% of the issued and outstanding equity interests of AZIO AI through a merger transaction. The LOI reflects preliminary understandings only and does not create any obligation on behalf of either party with respect to the contemplated transaction, except with respect to customary exclusivity, no-shop, confidentiality and expense provisions.

Envirotech Vehicles, Inc. (EVTV) Shareholder/Analyst Call Prepared Remarks Transcript

NEWPORT BEACH, Calif. , Dec. 22, 2025 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI") is providing additional context regarding its previously disclosed strategic discussions with Envirotech Vehicles, Inc. (NASDAQ: EVTV), following the recent publication of an independent valuation analysis indicating an enterprise value of approximately $480 million for AZIO AI.

Transaction Framework Informed by Independent Third-Party Valuation of Approximately $480 Million LOS ANGELES , Dec. 18, 2025 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI"), a rapidly scaling AI infrastructure company delivering high-performance compute, modular data-center solutions, and applied AI platforms for governments, institutions, and enterprises worldwide, today provided additional details regarding the previously announced letter of intent ("LOI") outlining a potential business combination with Envirotech Vehicles, Inc. (NASDAQ: EVTV) ("EVTV"). The LOI outlines a transaction framework under which the parties are working toward a potential business combination to which EVTV would acquire 100 percent of the outstanding equity of AZIO AI, subject to the completion of due diligence, the negotiation and execution of definitive agreements, and receipt of all required shareholder and regulatory approvals.

Independent valuation highlights accelerating revenue, expanding GPU compute scale, and strategic transaction momentum, including ongoing engagement with Envirotech Vehicles, Inc. (NASDAQ: EVTV) LOS ANGELES , Dec. 17, 2025 /PRNewswire/ -- AZIO AI Corporation ("AZIO" or the "Company"), a rapidly scaling artificial intelligence and high-performance computing infrastructure platform, today announced the completion of an independent valuation analysis, which indicates an enterprise valuation of approximately $480 million, validating AZIO AI's emergence as an institutional-scale AI infrastructure company. The valuation milestone comes as AZIO AI continues to advance strategic transaction activity, including its previously disclosed LOI with Envirotech Vehicles, Inc. (NASDAQ: EVTV), reflecting growing convergence between AI compute infrastructure, energy-efficient systems, and next-generation industrial platforms.

HOUSTON, TX / ACCESS Newswire / November 13, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("EVTV" or the "Company"), a U.S. manufacturer of zero-emission commercial vehicles and industrial-grade drones, today announced that its heavy capacity drone division, AG Drone Inc., has entered the production and certification execution phase following confirmed deposits for 80 heavy capacity drones from Studio di Agronomia Baffetti (Siena, Italy) ("Studio Baffetti") and Venture Air Solutions Inc. (Opa-Locka, Florida) ("Venture Air Solutions"). "We're moving from paper to production," said Elgin Tracy, Chief Operating Officer of EVTV.

EVTV expands globally as Italy's Studio Baffetti joins U.S. partner Venture Air Solutions in record-breaking deposits amid new European drone regulations HOUSTON, TEXAS / ACCESS Newswire / November 10, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("EVTV" or the "Company"), a U.S. manufacturer of zero-emission commercial vehicles and industrial-grade drones, today announced a landmark set of deposits for EVTV for 80 heavy capacity drones from two leading organizations - Studio di Agronomia Baffetti (headquartered in Siena, Italy), and Venture Air Solutions Inc. (Opa-Locka, Florida) - marking the next major step in EVTV's evolution from U.S. electric vehicle innovator to a dual‑industry leader on the global stage. This milestone coincides with the European Union's implementation of Regulation (EU) 2019/947 and Italy's Ente Nazionale per l'Aviazione Civile "ENAC" framework, enabling large-scale agricultural and industrial drone operations among many European countries.

Studio Baffetti and EVTV sign LOI to deploy precision-spray fleets across steep hillside crops in Italy's most iconic growing regions Initiative targets 1.1M hectares and a $300M+ precision-ag market opportunity across Europe Studio Baffetti and EVTV sign LOI to deploy precision-spray fleets across steep hillside crops in Italy's most iconic growing regions Initiative targets 1.1M hectares and a $300M+ precision-ag market opportunity across Europe