AZIO AI has provided further detail on its ongoing strategic discussions with Envirotech Vehicles, Inc. (NASDAQ: EVTV), reinforcing its commitment to a disciplined transaction process. These talks centre on facilitating the Envirotech Vehicles AI pivot, which could see EVTV repositioned within the rapidly expanding AI data centre sector.
An independent valuation recently assigned AZIO AI an enterprise value of approximately $480 million. This assessment underpins a non-binding letter of intent (LOI) entered into by both parties, aimed at evaluating a potential transaction that would support EVTV’s strategic redirection.
Transaction Strategy Aligned with Shareholder Interests
The proposed framework for the transaction is designed to deliver long-term value while maintaining capital discipline. AZIO AI is actively working with Envirotech Vehicles to shape a structure that aligns with regulatory requirements, corporate governance standards, and shareholder expectations.
Although no definitive agreement has been reached, AZIO AI has confirmed that the transaction remains subject to several conditions, including:
- Completion of due diligence
- Board and shareholder approvals
- Regulatory review
- Potential additional financing arrangements
The company also emphasised its intention to avoid excessive dilution for existing EVTV shareholders wherever feasible. Transaction terms are being evaluated with a view to safeguarding shareholder equity while delivering strategic growth.
Chris Young, Chief Executive Officer of AZIO AI, stated:
“We remain committed to executing only those strategic opportunities that enhance shareholder value. Our ongoing discussions with Envirotech Vehicles reflect this disciplined approach.”
Context and Market Reaction
The announcement prompted a sharp positive market response. Shares of EVTV surged nearly 25% on the day of the release, signalling investor optimism regarding the Envirotech Vehicles AI pivot. The momentum was particularly notable against the backdrop of the company’s recent underperformance and a trading price well below its 200-day moving average.
Despite the surge, investors should remain mindful of EVTV’s effective S-3 shelf registration filed on August 18, 2025. Although unused to date, it provides flexibility for future capital raising, which could impact share dilution dynamics depending on the transaction structure.
About AZIO AI Corporation
AZIO AI is an emerging AI infrastructure platform focused on scalable compute, next-generation interconnection, and global AI deployment strategies. Spun off from AZIO Corporation, the firm benefits from deep-rooted expertise in hardware distribution, systems integration, and data centre operations across international markets.
Its leadership team comprises industry veterans with backgrounds in Taiwanese hardware manufacturing, memory component distribution, and large-scale data centre development — all of which position AZIO AI as a technically sound and operationally resilient entity.
The company continues to explore strategic collaborations that align with its operational standards and growth outlook.
