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Envirotech Vehicles, Inc. provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities. The company was formerly known as ADOMANI, Inc. and changed its name to Envirotech Vehicles, Inc. in May 2021. Envirotech Vehicles, Inc. is based in Osceola, Arkansas.

Envirotech Vehicles, Inc.

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NEWPORT BEACH, CALIF. , DEC. 22, 2025 /PRNEWSWIRE/ -- AZIO AI CORPORATION ("AZIO AI") IS PROVIDING ADDITIONAL CONTEXT REGARDING ITS PREVIOUSLY DISCLOSED STRATEGIC DISCUSSIONS WITH ENVIROTECH VEHICLES, INC. (NASDAQ: EVTV), FOLLOWING THE RECENT PUBLICATION OF AN INDEPENDENT VALUATION ANALYSIS INDICATING AN ENTERPRISE VALUE OF APPROXIMATELY $480 MILLION FOR AZIO AI.

AZIO AI PROVIDES ADDITIONAL CONTEXT ON STRATEGIC DISCUSSIONS WITH ENVIROTECH VEHICLES AND EMPHASIZES DISCIPLINED, SHAREHOLDER-ALIGNED TRANSACTION FRAMEWORK

TRANSACTION FRAMEWORK INFORMED BY INDEPENDENT THIRD-PARTY VALUATION OF APPROXIMATELY $480 MILLION LOS ANGELES , DEC. 18, 2025 /PRNEWSWIRE/ -- AZIO AI CORPORATION ("AZIO AI"), A RAPIDLY SCALING AI INFRASTRUCTURE COMPANY DELIVERING HIGH-PERFORMANCE COMPUTE, MODULAR DATA-CENTER SOLUTIONS, AND APPLIED AI PLATFORMS FOR GOVERNMENTS, INSTITUTIONS, AND ENTERPRISES WORLDWIDE, TODAY PROVIDED ADDITIONAL DETAILS REGARDING THE PREVIOUSLY ANNOUNCED LETTER OF INTENT ("LOI") OUTLINING A POTENTIAL BUSINESS COMBINATION WITH ENVIROTECH VEHICLES, INC. (NASDAQ: EVTV) ("EVTV"). THE LOI OUTLINES A TRANSACTION FRAMEWORK UNDER WHICH THE PARTIES ARE WORKING TOWARD A POTENTIAL BUSINESS COMBINATION TO WHICH EVTV WOULD ACQUIRE 100 PERCENT OF THE OUTSTANDING EQUITY OF AZIO AI, SUBJECT TO THE COMPLETION OF DUE DILIGENCE, THE NEGOTIATION AND EXECUTION OF DEFINITIVE AGREEMENTS, AND RECEIPT OF ALL REQUIRED SHAREHOLDER AND REGULATORY APPROVALS.

AZIO AI PROVIDES ADDITIONAL DETAILS ON LETTER OF INTENT WITH NASDAQ-LISTED ENVIROTECH VEHICLES

INDEPENDENT VALUATION HIGHLIGHTS ACCELERATING REVENUE, EXPANDING GPU COMPUTE SCALE, AND STRATEGIC TRANSACTION MOMENTUM, INCLUDING ONGOING ENGAGEMENT WITH ENVIROTECH VEHICLES, INC. (NASDAQ: EVTV) LOS ANGELES , DEC. 17, 2025 /PRNEWSWIRE/ -- AZIO AI CORPORATION ("AZIO" OR THE "COMPANY"), A RAPIDLY SCALING ARTIFICIAL INTELLIGENCE AND HIGH-PERFORMANCE COMPUTING INFRASTRUCTURE PLATFORM, TODAY ANNOUNCED THE COMPLETION OF AN INDEPENDENT VALUATION ANALYSIS, WHICH INDICATES AN ENTERPRISE VALUATION OF APPROXIMATELY $480 MILLION, VALIDATING AZIO AI'S EMERGENCE AS AN INSTITUTIONAL-SCALE AI INFRASTRUCTURE COMPANY. THE VALUATION MILESTONE COMES AS AZIO AI CONTINUES TO ADVANCE STRATEGIC TRANSACTION ACTIVITY, INCLUDING ITS PREVIOUSLY DISCLOSED LOI WITH ENVIROTECH VEHICLES, INC. (NASDAQ: EVTV), REFLECTING GROWING CONVERGENCE BETWEEN AI COMPUTE INFRASTRUCTURE, ENERGY-EFFICIENT SYSTEMS, AND NEXT-GENERATION INDUSTRIAL PLATFORMS.

AZIO AI VALUATION AT APPROXIMATELY $480 MILLION ENTERPRISE VALUE, UNDERSCORING RAPID EMERGENCE AS A CRITICAL AI INFRASTRUCTURE PLATFORM

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.

ENVIROTECH MOVES FROM PAPER TO PRODUCTION AS GLOBAL DRONE PROGRAM ADVANCES THROUGH FAA AND ENAC CERTIFICATION

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 DUALINDUSTRY 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.

ENVIROTECH SECURES 80-DRONE DEPOSITS, RAPIDLY EXPANDING DRONE BUSINESS

STUDIO BAFFETTI AND EVTV SIGN LOI TO DEPLOY PRECISION-SPRAY FLEETS ACROSS STEEP HILLSIDE CROPS IN ITALY'S MOST ICONIC GROWING REGIONSINITIATIVE TARGETS 1.1M HECTARES AND A $300M+ PRECISION-AG MARKET OPPORTUNITY ACROSS EUROPE STUDIO BAFFETTI AND EVTV SIGN LOI TO DEPLOY PRECISION-SPRAY FLEETS ACROSS STEEP HILLSIDE CROPS IN ITALY'S MOST ICONIC GROWING REGIONSINITIATIVE TARGETS 1.1M HECTARES AND A $300M+ PRECISION-AG MARKET OPPORTUNITY ACROSS EUROPE

EVTV TAKES FLIGHT IN EUROPE: U.S. HEAVY-LIFT DRONES TO DISRUPT TRADITIONAL VINEYARD OPERATIONS ACROSS ITALY

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.

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, TX / ACCESS NEWSWIRE / SEPTEMBER 15, 2025 / ENVIROTECH VEHICLES, INC. (NASDAQ:EVTV) (THE "COMPANY" OR "ENVIROTECH"), A LEADER IN ADVANCED TRANSPORTATION AND DEFENSE INNOVATION, TODAY ANNOUNCED THE SUCCESSFUL COMPLETION OF THE FIRST AMERICAN-MADE HEAVY-LIFT DRONE CAPABLE OF CARRYING 1,500 POUNDS, EQUIPPED WITH DUAL-USE AGRICULTURAL SPRAY AND WILDFIRE PROTECTION TECHNOLOGY. PERFORMANCE INDICATORS (KPIS) PAYLOAD CAPACITY 1,500 POUNDS - INDUSTRY-LEADING FOR U.S. MANUFACTURED DRONES LIQUID DELIVERY OF 100 GALLONS PER DEPLOYMENT ENDURANCE EXTENDED FLIGHT TIME OF UP TO 45 MINUTES UNDER FULL LOAD PRECISION CONTROL AUTONOMOUS & SEMI-AUTONOMOUS FLIGHT SYSTEMS MANUFACTURING TIMELINE PRE-ORDERS BEGIN NEXT WEEK MARKET OPPORTUNITY AGRICULTURE: $7B ANNUALLY; WILDFIRE SUPPRESSION: $5.7B FY2024 AGRICULTURE: WITH A 100 GALLON LIQUID CAPACITY, EVTV'S DRONE IS THE FIRST TO PROVIDE FARMERS AND CO-OPS ACROSS AMERICA WITH A SCALABLE SOLUTION FOR CROP SPRAYING, FERTILIZATION, AND PEST CONTROL THAT CAN DRAMATICALLY LOWER LABOR COSTS, INCREASE YIELD EFFICIENCY, AND REACH DIFFICULT TERRAIN.

ENVIROTECH VEHICLES, INC. UNVEILS AMERICA'S FIRST 1,500 POUND LIFT DRONE WITH AGRICULTURAL SPRAY AND FIRE PROTECTION CAPABILITIES

(THE "COMPANY" OR "ENVIROTECH"), A LEADER IN ADVANCED TRANSPORTATION AND DEFENSE INNOVATION, TODAY ANNOUNCED THE SUCCESSFUL COMPLETION OF THE FIRST AMERICAN-MADE HEAVY-LIFT DRONE CAPABLE OF CARRYING 1

ENVIROTECH VEHICLES, INC. UNVEILS AMERICAS FIRST 1,500 POUND LIFT DRONE WITH AGRICULTURAL SPRAY AND FIRE PROTECTION CAPABILITIES

HOUSTON, TEXAS / ACCESS NEWSWIRE / AUGUST 6, 2025 / ENVIROTECH VEHICLES, INC. (NASDAQ:EVTV) (THE "COMPANY" OR "ENVIROTECH"), A LEADING PROVIDER OF ELECTRIC COMMERCIAL VEHICLES, TODAY ANNOUNCED THAT IT HAS RESOLVED TO EFFECT A REVERSE STOCK SPLIT OF THE COMPANY'S COMMON STOCK AND HAS DETERMINED THE RATIO TO BE 1-FOR-10. THE COMPANY'S STOCKHOLDERS APPROVED THE REVERSE STOCK SPLIT AND GRANTED THE COMPANY BOARD OF DIRECTORS THE AUTHORITY TO DETERMINE THE EXACT SPLIT RATIO AND WHEN TO PROCEED WITH THE REVERSE STOCK SPLIT AT THE COMPANY'S SPECIAL MEETING OF STOCKHOLDERS HELD ON MAY 1, 2025.

Envirotech Vehicles, Inc.

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Envirotech Vehicles, Inc.

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