Envirotech Vehicles expands infrastructure platform to support 500 MW capacity

Envirotech Vehicles, Inc. (NASDAQ: EVTV) announced it has developed infrastructure to support up to 500 megawatts of planned behind-the-meter power capacity across a 548-acre campus designed for artificial intelligence and data center operations.

The company has expanded its controlled development footprint to more than 548 acres through lease agreements, development rights, and site-control arrangements. The infrastructure platform aims to serve demand from AI computing and data center growth as part of the company's previously announced merger and development agreement with AZIO AI.

EVTV currently operates approximately 6 MW of deployed digital infrastructure, with additional deployment phases underway. The company has secured dedicated fiber infrastructure for current operations and future expansion and is advancing natural gas interconnection activities.

"Since announcing our Merger and Development Agreement with AZIO AI, our focus has remained on execution," said Elgin Tracy, President of Envirotech Vehicles. "AI does not run without power, land, and connectivity, and those are the assets we are securing."

The proposed transaction with AZIO AI remains subject to customary closing conditions. AZIO AI focuses on GPU and server rack sales and distribution, AI data center co-development, and compute and Bitcoin mining system operations.

Chris Young, Chief Executive Officer of AZIO AI, stated that the organizations have continued collaborating on development initiatives despite the pending transaction conditions. "The combination of controlled acreage, scalable energy resources, dedicated fiber connectivity, and long-term infrastructure planning provides a strong foundation for the demand opportunity we see ahead," Young said.

The company plans to continue advancing infrastructure deployment, site development, energy supply initiatives, and strategic partnerships as part of its growth strategy. EVTV describes itself as executing a strategic transition toward AI compute, digital asset mining, and energy-backed data center operations in South Texas.

You May Also Be Interested In

• Anthropic Expected To Host Investor Day Mid-Sept.- Information
• Charles Schwab to add solana, avalanche, and chainlink to crypto platform
• SolarEdge (SEDG) PT Lowered to $31 at Jefferies, 'We see shares as an unappealing short, not a compelling long'