EVTV News & Events

Envirotech Vehicles has placed an order with Azio AI for approximately 3 megawatts 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 to receive up to $10.5 million in gross proceeds 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 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 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.

Envirotech Vehicles has accepted delivery of initial high-performance compute systems from AZIO AI Corporation in South Texas. The systems are scheduled for installation, commissioning, and integration into the Company's modular artificial intelligence 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.

Envirotech Vehicles announced an operational advancement in its previously disclosed modular data and power infrastructure initiative in collaboration with AZIO AI Corporation, following the completion of an on-site engineering and technical validation review. The company said, "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. 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...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."

Envirotech Vehicles and AZIO AI Corporation announced the delivery, installation, and connection of a 40-foot AI data center container purpose-built for immersion-cooled computing. The container has arrived on site, been set in place, fully connected to power and network infrastructure, and configured for immersion cooling. With the physical infrastructure complete and energized, the project has advanced into final engineering coordination for CPU integration and system commissioning. The immersion-ready container represents a critical component of the joint initiative, designed to support high-density AI compute while improving thermal efficiency, system stability, and operational resilience. The deployment is intended to validate real-world performance of immersion-cooled AI infrastructure operating in demanding and non-traditional environments.