Author: Envirotech Vehicles, Inc.

  • Envirotech Vehicles Announces Order for 3 MW of Modular Digital Infrastructure for South Texas Energy‑Integrated Data Center Pilot in Collaboration with Azio AI Corporation

    Envirotech Vehicles Announces Order for 3 MW of Modular Digital Infrastructure for South Texas Energy‑Integrated Data Center Pilot in Collaboration with Azio AI Corporation

    HOUSTON, TX / ACCESS Newswire / March 12, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) (“Envirotech” or the “Company”) today announced that it has placed an order with Azio AI for approximately 3 megawatts (MW) of modular digital infrastructure equipment intended for deployment at the Company’s South Texas energy‑integrated data center pilot site.

    This order follows the Company’s previously announced financing transaction, pursuant to which Envirotech entered into a definitive agreement with YA II PN, Ltd. (the “Buyer”) to receive up to $10.5 million in gross proceeds (following the deduction of a one-time due diligence and structuring fee of $25,000) in exchange for the issuance to Buyer of up to $11.0 million in aggregate principal amount of debentures in two tranches. The first tranche of $4.0 million in aggregate principal amount of the debentures was issued and sold by the Company to the Buyer on March 6, 2026, resulting in gross proceeds to the Company of $3.8 million. The closing of the remaining $7.0 million in aggregate principal amount of the debentures will occur on or before the first business day after the effective date of the registration statement to be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) to register for resale by the Buyer no less than 10 million shares of the Company’s common stock issuable pursuant to the Amended and Restated Standby Equity Purchase Agreement, dated October 31, 2024, by and between the Company and the Buyer, as amended and supplemented by the Supplemental Agreement, dated February 24, 2025, and the shares of the Company’s common stock issuable upon exercise of the warrants issued to the Buyer at the closing of the initial tranche of debentures as a commitment fee for the financing (such registration statement, the “Resale Registration Statement”), and subject to the satisfaction or waiver of customary closing conditions. For further information regarding the debenture financing, please refer to the Current Report on Form 8‑K filed by the Company with the SEC on March 9, 2026.

    The debenture financing was undertaken to support general corporate and working capital purposes as well as the Company’s strategic initiatives, which may include the development of energy‑integrated computing infrastructure projects such as the South Texas pilot site.

    The infrastructure deployment is being developed in conjunction with Azio AI Corporation (“Azio AI”), which is supporting the project through procurement coordination and technical infrastructure integration. Azio AI is responsible for assisting with equipment sourcing, system architecture planning, and technical implementation related to the deployment of the modular computing infrastructure.

    The equipment is expected to support the initial build‑out of containerized, liquid‑cooled computing infrastructure designed for high‑density digital workloads and modular deployment environments. The systems are being developed to integrate power management, thermal management, and networking components within self‑contained infrastructure modules that are expected to be capable of supporting a variety of computing applications.

    The infrastructure is designed to operate in conjunction with onsite energy resources, allowing the Company to evaluate the integration of modular computing infrastructure with local power generation at the location utilizing well gas. The pilot project is intended to provide operational data regarding energy efficiency, infrastructure reliability, and deployment scalability at this initial site.

    The initial hardware deployment includes ASIC‑based computing systems operating within the modular container infrastructure. This configuration allows the Company to perform real‑world testing of the site’s energy, cooling, and networking systems while generating operational data from live computing workloads.

    The underlying infrastructure is being deployed with flexibility in mind, and the Company intends to evaluate additional computing applications over time. These may include high‑performance computing (“HPC”), artificial intelligence (“AI”) infrastructure, and other advanced data center workloads, subject to technical feasibility, market conditions, and capital availability.

    The Company is also announcing that initial infrastructure at the South Texas site has been energized as part of the phased commissioning process. A portion of the first modular system has been connected to onsite power and is currently operating within a controlled commissioning environment while integration with the site’s electrical and cooling infrastructure continues.

    This staged activation allows the Company to begin operational testing and infrastructure validation, including power stability, thermal management, and system monitoring, while additional components of the deployment are installed and integrated. The initial commissioning process is expected to take approximately two weeks and is intended to provide operational insights regarding potential deployment scale and available MW capacity at the site. The commissioning process is expected to continue in phases as the Company advances the broader infrastructure build‑out associated with the site.

    Deployment activities are expected to follow a phased installation and commissioning process that includes:

    • Pre‑site engineering and power quality verification, including analysis of voltage stability, frequency characteristics, and related electrical conditions at the site.

    • Power infrastructure integration, including electrical design planning, cable and transformer specification guidance, and connection to onsite generation systems.

    • Infrastructure installation, including setup of internal liquid cooling systems and testing of fluid circulation and thermal management systems.

    • Network and systems configuration, including installation of internal networking infrastructure and remote monitoring systems.

    • Commissioning and operational validation, including staged system startup procedures and system performance testing.

    The South Texas project represents an initial pilot deployment intended to evaluate the feasibility of scaling modular computing infrastructure at energy‑adjacent locations. Insights from this deployment may inform future infrastructure development as the Company explores opportunities related to energy‑integrated data center environments capable of supporting advanced computing applications.

    If successful, the Company believes the South Texas pilot site may provide a framework for evaluating additional locations where stranded or underutilized energy resources could potentially support scalable computing infrastructure deployments in the future.

    About Envirotech Vehicles, Inc.

    Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.

    Forward‑Looking Statements

    This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward‑looking statements include statements regarding the closing of the remaining tranche of $7.0 million in aggregate principal amount of the Company’s debentures, the filing and effectiveness of the Resale Registration Statement, anticipated infrastructure deployment, the expected timeline for the initial commissioning process, operational testing, potential scalability of the South Texas site and energy-adjacent locations, the integration of computing infrastructure with onsite energy resources, potential computing workloads including AI or HPC applications, and the Company’s ability to support computing infrastructure at the South Texas location. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Factors that may affect actual results include, but are not limited to, the Company’s ability to satisfy the conditions to the closing of the remaining tranche of its debentures and the timing thereof, changes in project scope, engineering challenges, supply chain constraints, installation timelines, energy availability at the site, regulatory considerations, equipment performance, changes in digital asset markets, evolving computing demand, market conditions, and other risks described in the Company’s filings with the Securities and Exchange Commission. Envirotech undertakes no obligation to update forward‑looking statements except as required by law.

    MEDIA CONTACT

    Phoenix Management Consulting
    Press@PhoenixMGMTConsulting.com
    888‑228‑0122

    SOURCE: Envirotech Vehicles, Inc

    View the original press release on ACCESS Newswire

  • Envirotech Vehicles Accepts Delivery of AZIO AI High-Performance Compute Systems in South Texas; Installation and Commissioning Planned as Multi-Site Expansion Discussions Advance

    Envirotech Vehicles Accepts Delivery of AZIO AI High-Performance Compute Systems in South Texas; Installation and Commissioning Planned as Multi-Site Expansion Discussions Advance

    Delivery Marks Advancement of Collaborative Deployment Efforts as Due Diligence Continues and Infrastructure Planning Progresses

    HOUSTON, TX / ACCESS Newswire / February 25, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) (“EVTV” or the “Company”) today announced that it has accepted delivery of initial high-performance compute systems from AZIO AI Corporation (“AZIO AI”) in South Texas. The systems are scheduled for installation, commissioning, and integration into the Company’s modular artificial intelligence (“AI”) infrastructure platform as the parties continue to work collaboratively under their previously announced strategic framework and ongoing due diligence process.

    The Company expects installation and commissioning procedures to begin shortly, followed by staged integration of compute capacity. Any digital asset production or AI workload monetization would occur only after full installation, calibration, treasury charging, and live system integration.

    EVTV management believes that accepting delivery of the compute systems represents a tangible step forward in the collaborative deployment process between EVTV and AZIO AI. The South Texas location is intended to serve as an initial installation site within a broader modular AI infrastructure planning strategy.

    Operational Deployment Plan

    • Installation of high-performance compute systems at the South Texas site

    • Commissioning and calibration of hardware and supporting infrastructure

    • Integration of compute capacity into modular data center architecture

    • Evaluation of staged expansion aligned with hardware throughput and infrastructure readiness

    The parties continue to work side-by-side as due diligence progresses. No assurances can be made regarding the completion of any potential transaction or the timing thereof.

    Scalable Infrastructure Planning: Five-Site Expansion Discussions
    In parallel with installation planning in South Texas, EVTV continues to advance infrastructure evaluation efforts designed to support a phased modular AI deployment strategy. The Company is engaged in preliminary site discussions, including non-binding Letters of Intent (LOIs), related to up to five additional potential data center locations, subject to installation progress, commissioning results, ongoing due diligence, and definitive agreements.

    • Energy-advantaged sourcing considerations

    • Standardized installation and commissioning sequencing

    • Modular containerized infrastructure architecture

    • Deployment pacing aligned with hardware integration and infrastructure readiness

    While future expansion remains subject to successful installation and integration outcomes, EVTV management believes disciplined sequencing in South Texas provides a structured foundation for scalable infrastructure planning.

    Energy Economics and Strategic Positioning
    EVTV’s infrastructure strategy incorporates power sourcing considerations, modular deployment design, and staged capacity integration. Management believes that maintaining disciplined progression through delivery, installation, commissioning, and integration phases is essential to supporting long-term infrastructure scalability and operational readiness.

    “Power is the backbone of this business,” said Elgin Tracy, Chief Operating Officer of EVTV. “As we proceed with installation and integration in South Texas, maintaining disciplined infrastructure sequencing and energy alignment remains central to our long-term strategy.”

    Strategic Context
    EVTV is concurrently advancing discussions related to additional potential deployment locations intended to support modular AI infrastructure expansion. These discussions remain subject to ongoing evaluation, site selection, installation outcomes, and definitive agreements.

    About Envirotech Vehicles, Inc.
    Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.

    About AZIO AI
    AZIO AI is a next-generation artificial intelligence infrastructure company focused on scalable, power-efficient AI data centers and mission-critical compute solutions.

    Forward-Looking Statements
    This press release contains certain “forward‑looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These forward-looking statements (including, without limitation, the Company’s successful deployment of the AI data center containers, the performance of immersion-cooled AI infrastructure in demanding and non-traditional environments, the parties’ ability to expand capacity and to locate appropriate sites on favorable terms for such expansion and the target for steady-state operations) are not guarantees of future performance and involve risks, assumptions, and uncertainties, including, but not limited to, risks related to the successful execution of AI infrastructure program, risks related to the development of AI data infrastructure markets, risks associated with large-scale data infrastructure projects including risks from permitting delays, electrical grid capacity limitations, zoning oppositions, supply chain disruptions, weather events, and contractor performance issues that could significantly impact project timelines and budgets, the rapid evolution of AI and data infrastructure models, and the risks and uncertainties disclosed in reports filed by EVTV with the U.S. Securities and Exchange Commission, all of which are available online at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

    Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, EVTV undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.

    MEDIA CONTACT

    Phoenix Management Consulting
    Press@PhoenixMGMTConsulting.com
    888‑228‑0122

    SOURCE: Envirotech Vehicles, Inc

    View the original press release on ACCESS Newswire

  • Envirotech Vehicles, Inc. Advances Into Execution Phase Following On-Site Engineering Validation of Modular AI & Power Infrastructure Initiative with AZIO AI

    Envirotech Vehicles, Inc. Advances Into Execution Phase Following On-Site Engineering Validation of Modular AI & Power Infrastructure Initiative with AZIO AI

    Operational review confirms technical readiness as EVTV transitions from planning to field execution

    HOUSTON, TX / ACCESS Newswire / February 4, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) (“EVTV” or the “Company”), a U.S.-based manufacturer of purpose-built electric vehicles and specialty infrastructure platforms, today announced a significant operational advancement in its previously disclosed modular data and power infrastructure initiative in collaboration with AZIO AI Corporation (“AZIO AI”), following the completion of an on-site engineering and technical validation review.

    The on-site working session marked a transition from design and feasibility into execution, with EVTV and AZIO AI teams completing comprehensive technical assessments across fuel, power, and compute systems and establishing confirmed pathways for deployment.

    On-Site Engineering Validation Confirms Technical Readiness

    During the multi-day site visit, senior leadership, engineers, and technical specialists from EVTV and AZIO AI conducted hands-on evaluations to validate system performance, layout, and integration requirements. Key milestones completed during the visit included:

    • Fuel and gas analysis validating composition, flow rates, and long-term operational suitability;

    • Electrical system analysis covering load balancing, redundancy planning, and power conditioning requirements;

    • Infrastructure layout confirmation, including container placement, cabling routes, and safety clearances; and

    • Site readiness validated for mobile units deployment

    • Vendor quotations received for critical components including CPUs, GPUs, transformers, and electrical distribution systems.

    As a result of these activities, the initiative has progressed beyond conceptual planning into coordinated field execution, supported by finalized technical inputs and agreed upon vendors for cooling and electricity.

    These indicators reflect operational readiness and execution momentum and are not intended as financial projections or revenue guidance.

    Strategic Positioning

    This initiative leverages EVTV’s core competencies in modular manufacturing, vehicle electrification, and infrastructure integration, extending those capabilities into emerging energy-and-compute use cases that demand rapid deployment of mobile units containing CPUs and GPUs, power reliability, and scalable physical platforms.

    Next Steps

    With on-site validation complete and execution underway, EVTV and AZIO AI will continue advancing procurement, system integration, and deployment planning. The Company expects to provide additional operational updates as further milestones are achieved.

    About Envirotech Vehicles, Inc.

    Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a U.S.-based manufacturer of electric vehicles and specialty infrastructure platforms focused on sustainable, purpose-built solutions for commercial and industrial applications.

    About AZIO AI

    AZIO AI Corporation is a next-generation artificial intelligence infrastructure company focused on scalable, power-efficient AI data centers and mission-critical compute solutions.

    Forward-Looking Statements

    This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as “may,” “could,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “project,” “potential,” or similar expressions. Forward-looking statements include, but are not limited to, statements regarding the Company’s updates related to the initiative with AZIO AI, the Company’s ability to secure vendors and supply channels, the Company’s procurement activities, the achievement of additional milestones related to this initiative, and the parties’ anticipated deployment of data centers that may include, among other things, CPUs and/or GPUs.

    These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, changes in project scope, engineering or technical challenges, supply chain constraints, regulatory considerations, market conditions, and other risks described from time to time in the Company’s filings with the Securities and Exchange Commission.

    The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Media Contact:

    Envirotech Vehicles, Inc.
    Merrick Alpert, Chief Communications Officer
    Telephone: (870) 970-3355
    Email: merrick@evtvusa.com

    SOURCE: Envirotech Vehicles, Inc.

    View the original press release on ACCESS Newswire

  • EVTV Executes Transformational AZIO AI Acquisition Framework at $3.00 Per Share

    EVTV Executes Transformational AZIO AI Acquisition Framework at $3.00 Per Share

    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. The contemplated transaction remains subject to the negotiation and execution of a definitive agreement, completion of due diligence, receipt of required regulatory approvals, approval by the boards of directors and shareholders of both companies, and other customary closing conditions. There can be no assurance that a definitive agreement will be executed or that the contemplated transaction will be consummated.

    The executed LOI establishes a transaction framework under which AZIO AI would become a wholly owned subsidiary of EVTV, representing a potential strategic transformation of EVTV’s business, leadership structure, and long-term platform focus toward advanced artificial intelligence infrastructure and high‑performance computing.

    Under the terms outlined in the LOI, the contemplated transaction would be structured as a statutory merger, pursuant to which a newly formed subsidiary of EVTV would merge into AZIO AI at closing. Upon completion of the merger, AZIO AI would continue as the surviving entity and a wholly owned subsidiary of EVTV.

    The LOI contemplates that AZIO AI shareholders would receive equity consideration in EVTV equity securities, with the final form, structure, and allocation to be determined in the definitive agreement. Any outstanding options, warrants, or other equity‑linked instruments of AZIO AI would be converted into the right to receive EVTV equity securities in accordance with the final exchange mechanics set forth in the definitive agreement, subject to customary adjustments.

    While subject to negotiation of the definitive agreement, the parties have discussed a non-binding transaction framework that assumes an enterprise value for AZIO AI of $480 million and an agreed reference value of $3.00 per share of EVTV common stock. EVTV’s Board of Directors has approved the LOI utilizing a $3.00 per share reference value, subject to completion of an independent third‑party valuation.

    The LOI contemplates that Chris Young, Chief Executive Officer of AZIO AI, would be appointed Chief Executive Officer of EVTV effective as of the closing of the contemplated transaction.

    The LOI includes customary exclusivity and no‑shop provisions, pursuant to which EVTV has agreed to cease discussions with other potential acquisition counterparties and refrain from soliciting or engaging in alternative acquisition proposals during the due diligence period.

    “This LOI reflects a disciplined and deliberate approach to advancing EVTV’s strategic evolution,” said Elgin Tracy, Chief Operating Officer of EVTV. “If completed, the contemplated transaction would align EVTV with a scaled AI infrastructure platform, an experienced technology leadership team, and a governance framework designed to support long‑term execution and shareholder value creation.”

    ABOUT ENVIROTECH VEHICLES, INC.
    Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology‑focused company pursuing strategic initiatives designed to enhance long‑term shareholder value through platform transformation, operational realignment, and selective acquisitions.

    ABOUT AZIO AI CORPORATION
    AZIO AI Corporation is a high‑performance computing and artificial intelligence infrastructure company focused on the development and deployment of scalable AI compute platforms supporting advanced AI workloads, data‑intensive applications, and enterprise‑scale computing environments.

    FORWARD‑LOOKING STATEMENTS
    This press release contains certain “forward‑looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These forward-looking statements (including, without limitation, the assumed valuations of AZIO AI and EVTV, the contemplated directors and officers of EVTV following the closing of the contemplated transaction, the anticipated benefits and opportunities that may be generated by the contemplated transaction and the execution of a definitive agreement for the contemplated transaction) are not guarantees of future performance and involve risks, assumptions, and uncertainties, including, but not limited to, risks related to: the parties’ ability to enter into a definitive agreement for, and to consummate, the contemplated transaction in a timely manner or at all; EVTV’s ability to integrate AZIO AI’s business following the closing of the contemplated transaction; the ability of the parties to obtain all necessary consents and approvals in connection with the contemplated transaction and the satisfaction or waiver of any additional conditions to the closing of the contemplated transaction; the parties’ ability to obtain the approval of their respective boards of directors and securityholders; potential delays in entering into a definitive agreement for, or consummating, the contemplated transaction; EVTV’s ability to realize the benefits of the contemplated transaction; EVTV’s ability to maintain compliance with applicable listing criteria of The Nasdaq Stock Market LLC (“Nasdaq”) and the effect of a delisting from Nasdaq on the market for EVTV’s securities; the effect of the announcement or pendency of the contemplated transaction on EVTV’s business relationships, operating results and business generally; significant transaction costs and unknown liabilities; litigation or regulatory actions related to the contemplated transaction; and the risks and uncertainties disclosed in reports filed by EVTV with the U.S. Securities and Exchange Commission, all of which are available online at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

    Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, EVTV undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.

    No Offer or Solicitation
    This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in connection with respect to the contemplated transaction, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This press release does not constitute either advice or a recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

    MEDIA CONTACT
    Phoenix Management Consulting
    Press@PhoenixMGMTConsulting.com
    888‑228‑0122

    SOURCE: Envirotech Vehicles, Inc

    View the original press release on ACCESS Newswire

  • Envirotech Vehicles, Inc. And Its Wholly Owned Subsidiary Maddox Industries Manufacture 5 Million Isolation Gowns For The U.S. Government As Part of 35 Million Gown Contract – Driving American-Made Infrastructure

    HOUSTON, TEXAS / ACCESS Newswire / September 16, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) (the “Company” or “Envirotech Vehicles”), a leader in advanced transportation and defense innovation, today announced, together with its wholly owned subsidiary Maddox Industries, LLC (“Maddox Industries”), a Company historic milestone: the delivery of over 5 million isolation gowns manufactured for the U.S. government, as part of a contract totaling 35 million gowns (the “Gown Contract”). With 19 months remaining on the Gown Contract, the Company expects that the program will be extended, further strengthening America’s supply chain security.

    Operating from an 86,088 square foot facility in Houston, Texas, supported by 148 American employees, Envirotech Vehicles has met every gown delivery deadline under the Gown Contract on time and without a single rejected unit – proving the strength of U.S. manufacturing when focused on federal infrastructure needs.

    This effort is more than personal protective equipment. Envirotech Vehicles and Maddox Industries are building the backbone of American infrastructure, expanding U.S.-made solutions in drones and electric vehicles to serve the needs of the U.S. government, defense, and critical infrastructure programs. By manufacturing these products domestically, the Company is reshoring production, creating American jobs, and reducing reliance on China.

    “Delivering 5 million gowns on the way to 35 million is a massive achievement for our workforce,” said Elgin Tracy, Chief Operating Officer of Envirotech Vehicles. “With Maddox Industries as a wholly owned subsidiary of Envirotech Vehicles, we have complete control of our supply chain. This milestone proves that U.S. companies can deliver at scale while driving forward the future of drones and electric vehicles- all built in America for America.”

    Envirotech Vehicles remains committed to expanding its U.S. production capacity, fulfilling federal needs with excellence, and leading a new era of American-made competitiveness.

    About Envirotech Vehicles, Inc.
    Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a provider of purpose-built electric vehicles, drones, and personal protective equipment solutions for government, defense, healthcare, and commercial partners. Headquartered in Houston, Texas, Envirotech Vehicles is dedicated to advancing sustainable transportation and reshoring American manufacturing. For more information, visit www.evtvusa.com

    About Maddox Industries
    Maddox Industries, a wholly owned subsidiary of Envirotech Vehicles, is a leading U.S. manufacturer and logistics provider. Maddox Industries has a proven track record of delivering critical supplies and infrastructure solutions for the U.S. government with precision, speed, and reliability.

    Cautionary Statement Regarding Forward-Looking Statements

    Statements made in this press release that relate to future plans, events, financial results, prospects, or performance, including, but not limited to, statements regarding the completion and extension of the Gown Contract, are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including statements that are not purely statements of historical fact and the risks and uncertainties disclosed in reports filed by Envirotech Vehicles with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “will,” “estimated,” “planned,” “expected,” “believes,” “strategy,” “opportunity,” “anticipated,” “outlook,” “designed,” and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech Vehicles undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.

    PUBLIC RELATIONS CONTACT:

    Phoenix Management
    Telephone: 1.888.228.0122
    Email: PR@phoenixMGMTconsulting.com

    SOURCE: Envirotech Vehicles, Inc.

    View the original press release on ACCESS Newswire

  • Envirotech Moves From Paper To Production As Global Drone Program Advances Through FAA and ENAC Certification

    Envirotech Moves From Paper To Production As Global Drone Program Advances Through FAA and ENAC Certification

    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. “The 80 deposits confirmed overseas demand for our heavy capacity drone platform. Now it’s about disciplined execution – Federal Aviation Administration and Ente Nazionale per l’Aviazione Civile (“ENAC”) certification, manufacturing ramp-up, and on-time delivery. We expect that every key performance indicator we set will be performance-driven and anchored in real deliverables.”

    2025 – 2026 Strategic Key Performance Indicators and Program Milestones

    Key Metric

    Target

    Status

    Timeline

    Full-Scale Prototype & Flight Validation

    Completed

    Pre-Production Run (10 Units) for Customer Demonstrations

    In Progress

    Q4 2025

    FAA Stage II / ENAC Certification Submissions

    Scheduled

    Q4 2025

    Production Tooling and Supply Chain Integration

    On Track

    Q1 2026

    First Customer Deliveries (Baffetti & Venture Air Solutions)

    Initiated

    Q2 2026

    Full Manufacturing Ramp

    150+ Units Per Year Capacity

    Q3 2026

    Projected Drone Division Revenue

    $150 Million+

    Q4 2027

    Under EVTV’s non-binding letter of intent with Studio Baffetti, EVTV is preparing for in-field testing across Tuscany’s vineyards and olive groves in Italy. “The European market is opening to heavy-capacity agricultural and industrial drones,” said Dr. Francesco Baffetti, Managing Partner of Studio Baffetti. “Our relationship with Envirotech Vehicles places us at the center of that movement.”

    Simultaneously, EVTV is finalizing its FAA Stage II certification to support Venture Air Solutions’ infrastructure and inspection operations in the Southeastern United States.

    EVTV is expanding its manufacturing capability in Arkansas and Texas to support its transition to a fully integrated ground-and-air mobility company.

    “This program proves that American engineering and compliance can compete globally,” Tracy added. “We’re scaling strategically – not rushing – so that every aircraft delivered reflects our standard of precision and reliability.”

    About Envirotech Vehicles
    Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a U.S. manufacturer of zero-emission commercial vehicles and heavy capacity drones engineered for logistics, infrastructure, and precision agriculture applications worldwide. EVTV systems enable a cleaner, safer, and more efficient future for critical industrial operations.

    Cautionary Statement Regarding Forward-Looking Statements
    Statements made in this press release that relate to future plans, events, financial results, prospects, or performance, including, but not limited to, statements regarding the receipt of payment by EVTV from Studio Baffetti and Venture Air Solutions for the drone purchases, EVTV’s ability to obtain necessary governmental approvals and certifications, EVTV’s ability to expand successfully into Europe, EVTV’s projected drone division revenue and manufacturing capacity, the performance of EVTV’s drones and the estimated timeline for the deployment of EVTV’s drone program, are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including statements that are not purely statements of historical fact and the risks and uncertainties disclosed in reports filed by EVTV with the U.S. Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “will,” “estimated,” “planned,” “expected,” “believes,” “strategy,” “opportunity,” “anticipated,” “outlook,” “designed,” and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, EVTV undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.

    Media Contact:
    Envirotech Vehicles, Inc.
    Merrick Alpert, Chief Communications Officer
    Telephone: (870) 970-3355
    Email: merrick@evtvusa.com

    SOURCE: Envirotech Vehicles, Inc

    View the original press release on ACCESS Newswire

  • Envirotech Secures 80-Drone Deposits, Rapidly Expanding Drone Business

    Envirotech Secures 80-Drone Deposits, Rapidly Expanding Drone Business

    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. EVTV’s heavy capacity aircraft are now positioned to enter this newly opened market for the first time. EVTV’s manufacturing and deployment programs are compliant with Federal Aviation Administration Stage I and European Union Aviation Safety Agency/ENAC regulations for heavy capacity unmanned aircraft systems.

    Global Partnerships Driving Adoption

    • Studio Baffetti – Led by Francesco Baffetti, Managing Partner, the company placed deposits for 40 heavy capacity drones as part of a strategic European expansion under Italy’s updated ENAC drone regulations. “With Italy and Europe moving to recognize and regulate drone-enabled precision agriculture – including targeted crop protection – our partnership with EVTV positions us at the forefront of a transformational moment. EVTV’s heavy capacity aircraft meet the new European standards for power, payload, and precision, and that’s why we’re investing heavily now,” said Francesco Baffetti, Managing Partner, Studio Baffetti.

    • Venture Air Solutions Inc. – Led by Jonathan Jackson, CEO, the company placed deposits for 40 heavy capacity drones to expand aerial infrastructure, inspection, and regional cargo operations. “EVTV’s heavy capacity drones are a game changer for our industry, and we expect to incorporate this force multiplier into our daily logistics protocols immediately,” commented Jonathan Jackson.

    Strategic Significance

    “This moment connects global manufacturing, technology, and regulation,” said Elgin Tracy, Chief Operating Officer of EVTV. “Studio Baffetti’s entry into Italy and Europe coincides perfectly with the new European Union Aviation Safety Agency and ENAC frameworks, while Venture Air is leading adoption of heavy capacity drones here in America. Together, these commitments validate EVTV as the world’s first heavy capacity drone platform ready for both American and European deployment.”

    Strategic KPIs & Program Milestones

    Key Metric

    Target

    Status

    Timeline

    Total Drones Under Deposit

    80

    Q4 2025

    Average Unit Value

    $75,000 + Add ons

    Confirmed

    Targeted FAA Certification Phase

    Stage II

    Q2 2026

    Flight-Test Hours Logged

    2,000+

    Completed

    Targeted U.S. Production Capacity

    250 Units/Month

    Q3 2026

    Projected Drone Division Revenue

    $150M+

    Q4 2027

    About Envirotech Vehicles

    Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a U.S. manufacturer of zero-emission commercial vehicles and heavy capacity drones engineered for logistics, infrastructure, and precision agriculture applications worldwide. EVTV systems enable a cleaner, safer, and more efficient future for critical industrial operations.

    Cautionary Statement Regarding Forward-Looking Statements

    Statements made in this press release that relate to future plans, events, financial results, prospects, or performance, including, but not limited to, statements regarding the receipt of payment by EVTV from Studio Baffetti and Venture Air Solutions for the drone purchases, EVTV’s ability to obtain necessary governmental approvals and certifications, EVTV’s ability to expand successfully into Europe, EVTV’s projected drone division revenue and the estimated timeline for the deployment of EVTV’s drone program, are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including statements that are not purely statements of historical fact and the risks and uncertainties disclosed in reports filed by EVTV with the U.S. Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “will,” “estimated,” “planned,” “expected,” “believes,” “strategy,” “opportunity,” “anticipated,” “outlook,” “designed,” and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, EVTV undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.

    Media Contact:
    Envirotech Vehicles, Inc.
    Merrick Alpert, Chief Communications Officer
    Telephone: (870) 970-3355
    Email: merrick@evtvusa.com

    SOURCE: Envirotech Vehicles, Inc.

    View the original press release on ACCESS Newswire