Envirotech Vehicles, Inc. (EVTV) accepted delivery of its first batch of high‑performance compute systems from AZIO AI on February 25 2026 in South Texas, marking a key step in the company’s expansion of its AI infrastructure platform.
The delivery is part of an exclusive strategic acquisition framework that values AZIO AI at approximately $480 million. The partnership is intended to position EVTV as a multi‑vertical AI infrastructure platform, potentially diversifying revenue beyond its core electric‑vehicle and drone businesses.
While the announcement does not disclose financial figures, the acceptance of the compute assets signals a material operational milestone that could enable EVTV to support data‑center‑grade workloads and accelerate deployment of AI‑driven solutions across its land, air, and sea mobility platforms.
EVTV’s market capitalization stood at $8.55 million as of February 24 2026, and the company has faced negative margins and declining revenue in recent periods. The AI infrastructure initiative is therefore a strategic pivot intended to offset legacy business headwinds and create new revenue streams.
Analysts have noted that the delivery aligns with EVTV’s discussions for up to five additional data‑center sites, indicating a broader rollout plan. However, investors remain cautious due to the company’s financial challenges and the substantial valuation of the AZIO AI acquisition framework.
The event is expected to enhance EVTV’s service offering and support future revenue streams from AI infrastructure services, but the company will need to complete installation, calibration, and live system integration before monetization can begin.
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