EVTV News & Events

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.

Envirotech Vehicles 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. 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.