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 (EVTV) delivers purpose-built zero-emission electric vehicles for commercial fleets, combining sustainable innovation with cost-effective fleet solutions. This news hub provides investors and industry stakeholders with timely updates on corporate developments, product milestones, and regulatory engagements.
Access authoritative coverage of EVTV’s press releases, earnings reports, and strategic partnerships. Track the company’s progress in advancing electric fleet technology, including updates on vehicle deployments, maintenance service expansions, and participation in clean transportation incentive programs.
Key news categories include product launches for commercial EV models, financial performance disclosures, manufacturing updates, and collaborations with fleet operators. Content is curated to support informed decision-making for both institutional and individual investors.
Bookmark this page for streamlined access to EVTV’s evolving role in electrifying commercial transportation. Check regularly for insights into how the company addresses challenges like emission regulations and fleet electrification costs through innovative engineering and strategic partnerships.
Envirotech Vehicles (NASDAQ:EVTV) has initiated full commercial-stage operations in its electric school bus vertical with the delivery of its first three EVT Bumble Bee electric school buses to independent school districts in Texas. The deliveries were made to Freer, Blanket, and Waelder school districts, funded through the EPA's Clean School Bus Program.
The company expects to deliver 25 total electric buses to school districts in Texas and Arkansas, supported by $8.57 million in EPA funding. The Bumble Bee electric buses feature a range of up to 150 miles, zero emissions, and zero noise pollution, offering significant benefits over conventional diesel buses including reduced maintenance costs and potential fuel savings.
Additional deliveries are expected in the coming days, weeks, and months. The company also highlighted the potential for future growth through possible new tranches of EPA funding under the Clean School Bus Program, which provides $5 billion over five years (FY 2022-2026) to replace existing school buses with zero-emission alternatives.
Envirotech (NASDAQ:EVTV) unveiled its strategic vision for an integrated electric mobility ecosystem spanning land, air, and sea transportation. The company aims to expand beyond its current electric vehicle portfolio into high-growth markets including agricultural drones (projected $1.76B U.S. market by 2030), commercial drone services (projected $58.4B global market by 2030), and electric watercraft (projected $1.28B U.S. market by 2032).
The company plans to generate new revenue streams in 2025 through potential opportunities with the Department of Defense, FEMA, and USDA, while pursuing strategic acquisitions to accelerate market entry. Envirotech will maintain its core revenue from electric buses, vans, and trucks while expanding into these new sectors.
Envirotech Vehicles (NASDAQ:EVTV) has signed a non-binding Letter of Intent to acquire Kymera, a marine craft manufacturer known for its appearances on ABC's Shark Tank. The acquisition, expected to close in Q2 2025, will establish Envirotech's new marine division focusing on recreational watercraft and military & tactical applications.
The division will be led by Kymera's co-founders Adam Majewski and Jason Woods, who bring over a decade of experience in electric propulsion systems. The acquisition aligns with Envirotech's vision to deliver zero-emission transportation across land, air, and sea. However, the deal remains subject to due diligence, definitive agreement negotiation, and board approvals.
Envirotech Vehicles (NASDAQ:EVTV) has launched its redesigned website www.evtvusa.com to showcase its commercial electric vehicle portfolio. The new website features detailed information about the company's electric vans, buses, and trucks, including technical specifications and benefits for potential customers.
According to President Jason Maddox, the website aims to help commercial customers easily find suitable electric vehicles for their business needs. The platform also serves as a centralized hub for investors, providing access to stock information, SEC filings, and company news. Future updates will include information about planned expansions into electric powered drones and watercraft.
Envirotech Vehicles (NASDAQ:EVTV) has delivered two high roof vans to a New Jersey small fleet operator under the New Jersey Zero Emission Incentive Program (NJ ZIP), generating $218,000 in revenue. This delivery is part of the company's projected NJ ZIP pipeline of $5,275,200.
Two additional vehicles are scheduled for delivery to the same operator by mid-March 2025. The NJ ZIP program, a $90 million voucher pilot launched by NJEDA, provides vouchers ranging from $20,000 to $175,000 for medium and heavy-duty zero-emission vehicles. The program aims to reduce emissions and stimulate the adoption of zero-emission vehicles in New Jersey.
It's important to note that business owners awarded vouchers are not obligated to purchase the vehicles listed in their applications and may cancel existing orders for Envirotech vehicles.
Envirotech Vehicles (NASDAQ:EVTV) has announced the relocation of its corporate headquarters to Houston, Texas, establishing a new 86,000-square-foot facility in Q1 2025. The company will maintain its existing Osceola, Arkansas facility while creating a centralized hub in Houston for corporate leadership, manufacturing, fleet sales, engineering, and service operations.
The strategic move to Houston is driven by several factors: the city's major port and highway infrastructure for fleet expansion, access to a large pool of engineering and manufacturing talent, Texas's business-friendly tax structure with no state corporate income tax, and the state's leadership in fleet electrification. The relocation aims to strengthen the company's fleet services and support growing demand for commercial electric vehicles.
Envirotech Vehicles (NASDAQ:EVTV) reaffirms its commitment to American manufacturing amid recent policy changes affecting the EV industry. The company emphasizes its focus on commercial electric vehicles, including vans, trucks, and school buses, highlighting their significant advantages over traditional vehicles.
The company's electric school buses qualify for federal funding under the EPA's Clean School Bus Program, offering up to 50% reduction in fuel and maintenance costs compared to diesel buses. EVTV's vehicles also contribute to carbon credit programs, creating additional revenue streams for fleet operators.
President and CFO Jason Maddox emphasizes EVTV's strategy to align with strengthening U.S. manufacturing and reducing foreign supply chain dependence. The company highlights its position in the commercial EV sector, citing advantages such as higher ROI compared to consumer EVs, immediate cost savings, and market stability due to less dependence on consumer incentives.
Envirotech Vehicles (NASDAQ:EVTV) has secured orders for 48 vehicles from New Jersey customers who received vouchers through the New Jersey Zero Emission Incentive Program (NJ ZIP). If these orders materialize, they could generate up to $5,275,200 in revenue. The company expects to begin deliveries within 45 days.
The NJ ZIP is a $90 million voucher pilot by the New Jersey Economic Development Authority, offering vouchers ranging from $20,000 to $175,000 for medium and heavy-duty zero-emission vehicles. The program aims to reduce emissions and stimulate market readiness for zero-emission vehicles in New Jersey.
Envirotech has recently expanded its New Jersey service center and plans to use this state-focused approach as a blueprint for future expansion into other key cities. However, it's noted that business owners awarded vouchers are not required to proceed with their vehicle purchases and may cancel existing orders.
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