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. (NASDAQ: EVTV) regularly issues news updates that highlight its role as a U.S. manufacturer of zero-emission commercial vehicles and heavy capacity drones, as well as its evolving strategy around advanced technology and AI infrastructure. Company press releases provide insight into operational milestones, strategic frameworks and corporate developments that are relevant to investors, partners and other stakeholders following EVTV.
Recent news has emphasized Envirotech Vehicles’ heavy capacity drone division, AG Drone Inc., including deposits for multiple heavy capacity drones from organizations in the United States and Italy. These announcements describe how EVTV’s aircraft are intended for logistics, infrastructure and precision agriculture applications, and outline progress toward aviation certifications with U.S. and European authorities. Updates also cover program milestones such as prototype validation, pre-production runs and manufacturing ramp plans.
Another key theme in Envirotech Vehicles’ news flow is its exclusive strategic acquisition framework and subsequent letters of intent with AZIO AI Corporation, an AI infrastructure company focused on high-performance compute and modular data-center solutions. Press releases describe a potential merger under which Envirotech Vehicles would acquire AZIO AI, subject to definitive agreements and approvals, and explain how this contemplated transaction could reposition EVTV’s long-term strategy toward AI infrastructure while maintaining its existing vehicle and drone platforms.
In addition, Envirotech Vehicles’ news items reference corporate actions and governance developments that complement its SEC filings, such as strategic partnerships, letters of intent with international counterparts and commentary from company leadership on market opportunities in precision agriculture and emerging AI economies. For readers tracking EVTV, this news page offers a centralized view of the company’s public announcements, from operational execution in drones and mobility to the progression of its proposed AI infrastructure combination.
AZIO AI announced a binding government purchase order for 256 Nvidia B300 GPUs worth approximately $107 million in contractual revenue and expects a 30% deposit in the coming weeks. The company noted prior recognition of $2.8 million from 8 Nvidia B200 GPUs delivered by Azio Corp. AZIO AI also described a transformational merger framework with Envirotech Vehicles (EVTV) establishing a reference transaction value of $3.00 per EVTV share. The release cites an expandable regional pipeline representing up to $200 million in potential incremental revenue, all subject to contract finalization and customary closing conditions.
AZIO AI (proposed combination with Envirotech Vehicles, NASDAQ: EVTV) announced new strategic investor interest as it advances a proposed merger and related equity transactions with EVTV on January 6, 2026. The company said investors indicated an implied purchase price of $3.00 per share, subject to final term sheets, definitive agreements, and customary closing conditions. AZIO AI plans to use the public-company platform to access capital-markets flexibility and accelerate global AI data-center deployments with partners including Super Micro Computer (NASDAQ: SMCI) across the United States, Asia, Southeast Asia, and South Asia. Additional transaction milestones and investor details are expected in the coming days and weeks.
Envirotech Vehicles (NASDAQ:EVTV) entered an Amended and Restated LOI to acquire 100% of AZIO AI via a statutory merger, announced Jan 6, 2026.
The non‑binding LOI outlines a preliminary transaction framework with an assumed enterprise value of $480 million for AZIO AI and an agreed reference value of $3.00 per EVTV share, subject to an independent third‑party valuation. The deal remains contingent on definitive documentation, due diligence, regulatory approvals, board and shareholder approvals, and customary closing conditions. The LOI contemplates appointing Chris Young as EVTV CEO at closing and includes exclusivity and no‑shop provisions.
AZIO AI provided additional context on ongoing strategic discussions with Envirotech Vehicles (NASDAQ: EVTV) on Dec 22, 2025.
Key points: AZIO AI and EVTV have a non-binding LOI to evaluate a potential transaction to help EVTV transition into the AI data center space; an independent valuation placed AZIO AI at about $480 million enterprise value; discussions remain conditional on due diligence, definitive agreements, regulatory review, board approvals, shareholder approval, and potential additional financing.
AZIO AI says it is assessing transaction structures to pursue long-term value creation, capital discipline, and to limit unnecessary dilution to EVTV shareholders where practicable.
AZIO AI and NASDAQ-listed Envirotech Vehicles (EVTV) outlined a letter of intent dated Dec 18, 2025 for a potential business combination under which EVTV would acquire 100% of AZIO AI equity, subject to due diligence, definitive agreements, shareholder and regulatory approvals.
The proposed framework references an independent third-party valuation of AZIO AI at approximately $480 million, would position AZIO AI as the primary operating entity and refocus EVTV on AI infrastructure and applied AI systems. Planned next steps include a Form S-4 filing, PCAOB-compliant audits of AZIO AI, and an EVTV shareholder vote.
AZIO AI (seeking public alignment with EVTV) completed an independent valuation indicating an enterprise value of approximately $480 million as of Dec 17, 2025.
The valuation used income-based approaches across deployment scenarios with NVIDIA B200 and B300 GPUs and cited upside scenarios exceeding $1.4 billion using guideline public-company multiples and precedent M&A.
Modeled revenues range from ~$349M to $500M+ with projected EBITDA margins ~20%–30%. Management references an LOI with Envirotech Vehicles (NASDAQ: EVTV) to pursue a strategic merger and broaden public-market and industrial deployment opportunities.
Envirotech Vehicles (NASDAQ:EVTV) entered an exclusive strategic acquisition framework to acquire 100% of AZIO AI, an AI infrastructure spin-off, to expand EVTV from mobility into data centers, enterprise compute, AI-powered agriculture and drone-enabled systems.
Key facts: AZIO AI reported an $50M+ active sales pipeline during its first two months, resells NVIDIA GPUs and Supermicro-class servers, and the proposed deal is subject to due diligence, definitive agreements, a Form S-4 share registration, and regulatory and shareholder approvals.
Envirotech Vehicles (NASDAQ:EVTV) said its heavy-capacity drone unit AG Drone entered production and certification execution after confirmed deposits for 80 heavy drones from Studio di Agronomia Baffetti and Venture Air Solutions on November 13, 2025. EVTV lists milestones through 2027, including a pre-production run (10 units) in Q4 2025, FAA Stage II and ENAC certification submissions in Q4 2025, production tooling and supply-chain integration in Q1 2026, first customer deliveries initiated in Q2 2026, a target full manufacturing ramp to 150+ units/year in Q3 2026, and a projected drone division revenue of $150 million+ by Q4 2027.
EVTV is expanding manufacturing in Arkansas and Texas and plans in-field testing in Tuscany under a non-binding LOI with Studio Baffetti.
Envirotech Vehicles (NASDAQ:EVTV) announced deposits for 80 heavy-capacity drones from Studio Baffetti (Italy) and Venture Air Solutions (Florida), split 40/40, positioning EVTV for immediate European and U.S. deployment under new ENAC/EASA and FAA frameworks.
Key disclosed metrics: Average unit value $75,000+ (plus add-ons), 2,000+ flight-test hours completed, targeted FAA Stage II certification Q2 2026, targeted U.S. production capacity 250 units/month by Q3 2026, and a projected drone-division revenue of $150M+ by Q4 2027.
Envirotech Vehicles (NASDAQ: EVTV) signed a Letter of Intent with Studio di Agronomia Baffetti to deploy heavy-lift agricultural drones in Tuscany, Italy, targeting steep hillside vineyards and olive groves with operations beginning in Spring 2026.
The initiative targets 1.1M hectares across Italy and an estimated $250M–$400M serviceable market for aerial spray services, with claims of up to 40% chemical and water reduction and peak-season capacity of 200 hectares per drone per week. EVTV plans regulatory demonstrations late 2025 and a commercial launch in 2026 pending certification and definitive agreements.
FAQ
What is the current stock price of Envirotech Vehicles (EVTV)?
What is the market cap of Envirotech Vehicles (EVTV)?
