Welcome to our dedicated page for Envirotech Vehicles news (Ticker: EVTV), a resource for investors and traders seeking the latest updates and insights on Envirotech Vehicles stock.
Envirotech Vehicles, Inc. reports developments around its shift from purpose-built electric vehicles into power-backed digital infrastructure. The company has historically focused on zero-emission commercial vehicles and related maintenance and inspection services, while recent updates center on revenue-generating compute sites, modular AI data center infrastructure, high-performance compute systems, ASIC deployments, immersion-cooled container platforms and behind-the-meter power capacity.
EVTV news also covers capital-structure disclosures, shareholder voting matters, operating updates and governance items tied to its public-company status as the company repositions its hardware and infrastructure strategy.
AZIO AI, merger partner of Envirotech Vehicles (NASDAQ: EVTV), appointed Andrew Omori, Partner and Head of Fund Strategy at Andreessen Horowitz (a16z), to its Board Advisory Team.
His capital markets, M&A, IPO and applied AI experience is intended to support the pending merger, GPU deployment, AI data center build‑out, customer pipeline conversion, and institutional-grade capital strategy.
Envirotech Vehicles (NASDAQ: EVTV) outlined key milestones following its May 19, 2026 merger agreement to acquire AZIO AI. EVTV has ordered about 6 MW of modular Bitcoin mining capacity in South Texas, with an initial fleet of 638 miners and estimated power costs near $0.03/kWh.
AZIO AI has begun delivering NVIDIA B200 GPU systems and received customer deposits against a $118 million infrastructure pipeline, while also deploying eight Super Micro server racks with B200 GPUs for another customer. EVTV is also advancing fiber connectivity to support future AI and data center workloads.
AZIO AI and Envirotech Vehicles (NASDAQ: EVTV) announced a joint sponsorship with Rahal Letterman Lanigan Racing and driver Louis Foster at the 2026 Indianapolis 500. The collaboration focuses on brand visibility and ecosystem networking across AI infrastructure, energy systems, and high-performance compute.
The initiative, which also includes Phoenix Management, supports broader strategic positioning and relationship development. In January 2026, AZIO AI and EVTV signed a non-binding letter of intent for a proposed transaction under which EVTV would acquire AZIO AI, subject to multiple approvals and conditions.
Envirotech Vehicles (NASDAQ: EVTV) signed a definitive merger agreement with AZIO AI, transforming EVTV into a U.S.-focused AI infrastructure, compute and energy-backed data center platform. EVTV will issue 100 million shares, with current shareholders expected to own about 11% of the combined company.
Initial AZIO AI activity includes deposits on an approximately $118 million infrastructure order and delivery of eight server racks. Around 11 MW of power capacity is secured, with hardware ordered for 6 MW and discussions covering up to 500 MW more. Closing is targeted for the second half of 2026, subject to approvals.
Envirotech Vehicles (NASDAQ: EVTV) and AZIO AI signed a definitive merger agreement, positioning EVTV as an AI infrastructure and compute platform. An independent third-party fairness opinion supports a $750 million valuation for AZIO AI and related assets, up from a prior $480 million LOI.
The deal uses 100 million EVTV shares as consideration. According to the company, about $118 million in customer deposits have been received, roughly 11 MW of power capacity is secured, and additional capacity and expansion to AI data centers and bitcoin mining are being pursued.
AZIO AI announced a multi-megawatt infrastructure order from Envirotech Vehicles (NASDAQ: EVTV) to expand modular AI data center capacity at a South Texas site. The order is expected to support about 5 MW of high-density compute using behind-the-meter natural gas power, creating potential revenue opportunities, subject to customary deployment conditions.
AZIO AI announced a new customer order from Envirotech Vehicles (NASDAQ: EVTV) to expand modular AI data center infrastructure at a South Texas site. The deployment is expected to support about 5 MW of high-density AI compute, integrated with behind-the-meter natural gas power.
The companies are also evaluating a potential merger, under a non-binding LOI in which AZIO AI could merge into EVTV. Any transaction and the new deployment remain subject to definitive agreements, approvals, site readiness, and other customary conditions.
Envirotech Vehicles (NASDAQ:EVTV) activated its first revenue-generating, energy-backed compute site on April 15, 2026, marking a strategic shift from EV manufacturing to AI and digital infrastructure.
EVTV reports initial 1 MW cryptocurrency operations producing about $50,000–$100,000 per month, with Phase Two AI workloads projected at $100,000–$200,000 per month per MW and expected to begin in 60–90 days.
AZIO AI announced binding, non‑refundable customer deposits covering approximately 42% of a $108 million GPU infrastructure pipeline, signalling early customer pre‑allocations for planned NVIDIA GPU deployments. Deposits provide forward visibility into capacity reservation while AZIO AI advances procurement, system integration, and multi‑site deployment planning.
Timing of hardware delivery and activation remains subject to manufacturing schedules, logistics, and supply‑chain conditions; no definitive transaction with Envirotech Vehicles (NASDAQ: EVTV) has been executed.
Envirotech Vehicles (NASDAQ:EVTV) placed an order with Azio AI for ~3 MW of modular digital infrastructure to deploy at a South Texas energy‑integrated data center pilot.
The company completed a $4.0M debenture tranche (gross proceeds $3.8M) toward a up-to-$10.5M financing; remaining $7.0M closes after a resale registration statement and customary conditions.
Initial modular hardware has been energized and entered a phased two‑week commissioning to collect operational data on energy efficiency, thermal management, and scalability.