AZIO AI Secures $107 Million Government Order and Announces $3.00 Per Share Merger Framework with Envirotech Vehicles
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Should l Buy EVTV?
Source: PRnewswire
- Government Order Breakthrough: AZIO AI, in collaboration with Azio Corp, announced a binding purchase order for 256 Nvidia B300 GPUs, expected to generate approximately $107 million in contractual revenue, showcasing the company's capability in executing complex government projects.
- Merger Framework Announcement: AZIO AI has established a merger framework with Envirotech Vehicles, setting a reference transaction value of $3.00 per share, marking a significant advancement in strategic integration efforts.
- Regional Project Expansion: Following the successful completion of the Southeast Asia contract, AZIO AI is actively developing multiple government-led initiatives, with potential incremental revenue of up to $200 million, further solidifying its market position.
- Enhanced Execution Capability: The delivery of approximately $100 million in contractual revenue reflects AZIO AI's years of disciplined execution and relationship-building within government and sovereign markets, strengthening its competitive edge in the AI infrastructure sector.
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Analyst Views on EVTV
About EVTV
Envirotech Vehicles, Inc. is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. Its segments include electric vehicles, medical supplies, and drones. The electric vehicle segment consists of sales of commercial electric vehicles to customers. The medical supplies segment consists solely of sales to Maddox Defense, a related party, based on an agreement to supply refurbished medical gowns on a cost-plus pricing arrangement. Through the Company's drone operations, it is also diversifying its portfolio of assets by engaging in the production and supply of drones that are used in the agricultural environment. The drones segment is limited to start-up expenses and research and development activities. It serves commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Surge: Following the announcement of the successful delivery, Envirotech's shares surged 38% on Monday, reflecting positive market sentiment towards its new infrastructure project, despite a 57% decline in stock price over the past 12 months.
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See More
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- Merger Transparency: Envirotech stated that any potential merger with AZIO AI would require a separate shareholder vote, ensuring adherence to securities laws and Nasdaq rules, reflecting the company's commitment to transparency and compliance.
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See More
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- Self-Owned Power Strategy: By utilizing on-site power generation, AZIO AI increases cost control and reliability, which is expected to accelerate the deployment of future facilities to meet the growing demand for AI computing.
- Texas Reference Deployment: AZIO AI's initial deployment in Texas leverages on-site natural gas generation to provide 24/7 power support, aiming to generate operational data and insights applicable to future international markets.
- Modular Architecture Expansion: The system's modular design allows for incremental increases in compute and power capacity, with initial configurations supporting approximately 500 kilowatts of load, scalable to multiple megawatts to accommodate the growing market demand.
See More
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- Self-Owned Power Strategy: By utilizing on-site power generation, AZIO AI has increased control over cost structures and expansion timelines, which is expected to significantly enhance operational reliability and accelerate future deployments.
- Texas Reference Deployment: AZIO AI's initial deployment in Texas leverages on-site natural gas generation to provide continuous 24/7 power, aiming to generate data and operational insights for future infrastructure designs in international markets.
- Modular Architecture Expansion: The system's modular design allows for incremental increases in compute and power capacity, with initial configurations supporting approximately 500 kilowatts of compute load, scalable to multiple megawatts to meet growing market demands.
See More
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- Letter of Intent: The amended letter of intent between Envirotech Vehicles and AZIO AI values AZIO AI at $480 million, using a reference price of $3.00 per share for EVTV, attracting a new group of strategic investors and enhancing future growth prospects.
- Stock Performance: Envirotech Vehicles shares surged 45.02% to $3.64 on Tuesday, currently trading 321% above its 20-day simple moving average, indicating strong short-term momentum, despite a 75.61% decline over the past 12 months.
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See More
