AZIO Secures Binding Customer Deposits Covering ~42% of $108M GPU Infrastructure Pipeline

AZIO AI announced binding, non‑refundable customer deposits covering approximately 42% of a $108 million GPU infrastructure pipeline, signalling early customer pre‑allocations for planned NVIDIA GPU deployments.

Rhea-AI Summary

AZIO AI announced binding, non‑refundable customer deposits covering approximately 42% of a $108 million GPU infrastructure pipeline, signalling early customer pre‑allocations for planned NVIDIA GPU deployments. Deposits provide forward visibility into capacity reservation while AZIO AI advances procurement, system integration, and multi‑site deployment planning.

Timing of hardware delivery and activation remains subject to manufacturing schedules, logistics, and supply‑chain conditions; no definitive transaction with Envirotech Vehicles (NASDAQ: EVTV) has been executed.

Positive

• 42% of $108M pipeline secured via binding, non‑refundable deposits
• Deposits provide forward visibility into infrastructure utilization
• Modular, multi‑site deployment blueprint supports scalable expansion

Negative

• Hardware delivery and activation subject to supply‑chain risks
• Strategic alignment with EVTV remains non‑definitive, creating uncertainty

Argus Mar 24 session

+0.59% close to close Open Argus

Details

News Market Reaction – EVTV

On Mar 24, the day this news came out, EVTV closed 0.59% above the previous close.

Data tracked by StockTitan Argus for the Mar 24 session.

Market Context

This announcement highlights stronger commercialization progress, with binding, non-refundable custo...

Analysis

This announcement highlights stronger commercialization progress, with binding, non-refundable customer deposits now covering approximately 42% of AZIO AI’s $108 million GPU infrastructure pipeline. It reinforces a shift toward pre-allocated AI compute capacity and ties into EVTV’s broader AI and data center initiatives seen in recent news. Investors may track conversion of deposits into deployed, revenue-generating infrastructure, capital-raising activity under the existing shelf, and progress on any potential strategic transaction with AZIO AI.

Key Figures

Customer deposits coverage: approximately 42% GPU infrastructure pipeline: $108 million

Customer deposits coverage

approximately 42%

Portion of $108M GPU infrastructure pipeline covered by binding deposits

GPU infrastructure pipeline

$108 million

Previously disclosed GPU infrastructure pipeline referenced in this update

Historical Context

5 past events · Latest: 2026-03-12

5 events

1. 2026-03-12

   AI infrastructure order

   24h Move

   -2.3%

   EVTV ordered ~3 MW modular digital infrastructure and closed financing tranche.

2. 2026-03-04

   AI deposit update

   24h Move

   -5.3%

   AZIO AI reported deposits equal to 13% of ~$107M GPU orders.

3. 2026-02-25

   Compute delivery

   24h Move

   +2.8%

   EVTV accepted delivery of initial high-performance compute systems for South Texas.

4. 2026-02-20

   ASIC purchase order

   24h Move

   +0.6%

   Azio AI received first ASIC compute system order from EVTV with payment for tranche.

5. 2026-02-04

   Engineering validation

   24h Move

   -4.8%

   EVTV advanced modular AI & power initiative into field execution after validation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gpu, high-performance computing (hpc), data center, merger

4 terms

gpu technical

"Demand for GPU-accelerated compute capacity continues to outpace available supply globally"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

high-performance computing (hpc) technical

"systems designed to support enterprise artificial intelligence workloads, high-performance computing (HPC)"

High-performance computing (HPC) involves using powerful computers to process complex data and run large-scale calculations much faster than regular computers. It helps organizations solve challenging problems, such as predicting market trends or analyzing scientific data, enabling quicker decision-making. For investors, HPC can highlight advancements in technology and innovation that may impact various industries and market opportunities.

data center technical

"high-performance computing (HPC), and next-generation data center applications"

A data center is a secure facility that houses large numbers of computers, storage devices and networking gear that run, store and move digital information for businesses and online services. Investors treat data centers like modern warehouses: their occupancy, energy efficiency, connectivity and long-term service contracts drive steady revenue and capital needs, so changes in demand or costs can directly affect profitability and growth prospects.

merger financial

"are engaged in ongoing discussions regarding a potential strategic transaction, which may include a merger or business combination"

A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Coordinated Execution Across AZIO Corp. and AZIO AI Drives Early Customer Commitments as Strategic Alignment with Envirotech Vehicles (NASDAQ: EVTV) Advances

LOS ANGELES, March 24, 2026 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI" or the "Company"), a next-generation artificial intelligence infrastructure and high-performance compute platform, today announced it has secured binding, non-refundable customer deposits representing approximately 42% of its previously disclosed $108 million GPU infrastructure pipeline, signaling early-stage demand for access to its planned large-scale AI compute capacity.

These customer commitments reflect coordinated execution across AZIO Corp. and AZIO AI, aligning infrastructure development, capital strategy, and customer onboarding as part of a unified platform buildout designed to support scalable AI compute deployment.

Demand for GPU-accelerated compute capacity continues to outpace available supply globally, prompting enterprise and institutional participants to secure infrastructure access in advance of deployment. Management believes this dynamic is contributing to a shift toward pre-allocation of compute capacity, with customers increasingly seeking to lock in access ahead of infrastructure activation.

Customer Deposits Establish Early Capacity Reservation

The Company, in coordination with AZIO Corp., confirmed that deposits received to date are contractually committed and non-refundable, representing secured participation from customers seeking access to AZIO AI's planned GPU compute infrastructure.

These deposits are associated with anticipated deployments of NVIDIA GPU-based systems designed to support enterprise artificial intelligence workloads, high-performance computing (HPC), and next-generation data center applications.

Importantly, these early-stage commitments provide forward visibility into infrastructure utilization, as reserved capacity is expected to be allocated upon system deployment and activation.

Execution Pathway: From Deposits to Infrastructure Deployment

AZIO AI, alongside AZIO Corp., is actively advancing procurement coordination, system integration, and site-level deployment planning in support of converting customer deposits into operational infrastructure.

The Company's deployment model is built around a modular, scalable architecture designed to enable:

• Accelerated infrastructure rollout timelines
  
  
• Flexible configuration of GPU compute clusters
  
  
• Energy-efficient cooling and power optimization strategies
  
  
• Repeatable deployment across multiple sites

This framework is designed to support a structured transition from reserved customer capacity to deployed, revenue-generating infrastructure, while maintaining adaptability to evolving AI workload requirements.

Timing of hardware delivery, installation, and activation remains subject to manufacturing schedules, logistics coordination, and broader supply chain conditions.

Scalable Infrastructure Platform and Multi-Site Expansion Framework

The $108 million pipeline represents a broader infrastructure buildout strategy, not a single-site deployment. AZIO AI is developing a repeatable deployment blueprint designed to support multi-location expansion, enabling the Company to scale compute capacity in alignment with customer demand.

Management views early deposit commitments as a key indicator supporting future site activation planning, infrastructure allocation, and capital deployment sequencing.

This scalable model is intended to position AZIO AI as a long-term infrastructure provider within the global AI compute ecosystem, with the ability to expand capacity as demand continues to accelerate.

Strategic Alignment with Envirotech Vehicles (NASDAQ: EVTV)

As previously disclosed, AZIO AI and Envirotech Vehicles, Inc. (NASDAQ: EVTV) are engaged in ongoing discussions regarding a potential strategic transaction, which may include a merger or business combination.

The contemplated alignment is intended to combine AZIO AI's infrastructure platform and deployment strategy with EVTV's public market platform, supporting enhanced access to capital markets and enabling accelerated infrastructure scaling initiatives.

No definitive agreement has been executed at this time.

Leadership Commentary

Chris Young, Chief Executive Officer of AZIO AI, commented:

"The receipt of binding customer deposits represents a meaningful validation of our infrastructure strategy and market positioning. We are seeing a clear shift in customer behavior, where compute capacity is being secured in advance of deployment as demand continues to tighten globally.

Through coordinated execution across AZIO Corp. and AZIO AI, we are focused on building a scalable platform capable of efficiently converting early demand signals into deployed infrastructure, while continuing to advance our strategic alignment with EVTV."

Positioning Within a Rapidly Expanding AI Infrastructure Market

Global demand for GPU-accelerated computing continues to expand as enterprises, governments, and industrial participants deploy increasingly complex AI workloads.

AZIO AI is focused on delivering scalable, energy-efficient, and modular infrastructure solutions designed to support sustained compute demand, while aligning deployment capacity with evolving customer requirements and infrastructure availability.

Forward-Looking Statements

This press release contains statements that do not relate to historical facts but are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.

Investor Relations & Media Contact:

Phoenix MGMT & Consulting Group

Strategic Communications & Capital Markets Advisory

PR@PhoenixMGMTConsulting.com

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SOURCE Azio AI Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does AZIO AI's binding customer deposits covering ~42% of the $108M pipeline mean for EVTV (NASDAQ: EVTV) investors?

It signals early commercial demand and reserved capacity for planned GPU infrastructure. According to the company, these non‑refundable deposits represent contractually committed participation that informs site activation and capital sequencing.

How much of AZIO AI's $108 million GPU pipeline is covered by deposits as of March 24, 2026?

Approximately 42% of the $108 million pipeline is covered by deposits. According to the company, deposits are binding and non‑refundable, tied to anticipated NVIDIA GPU system deployments.

Will AZIO AI immediately convert deposits into revenue and operational GPU capacity?

Not immediately; conversion depends on hardware delivery and activation timelines. According to the company, deployment requires procurement, integration, and site activation subject to manufacturing and logistics schedules.

What risks should investors in EVTV consider related to AZIO AI's infrastructure buildout?

Key risks include supply‑chain delays and timing uncertainty for hardware activation. According to the company, delivery, installation, and activation remain subject to manufacturing schedules and logistics coordination.

Does the announcement confirm a completed merger between AZIO AI and Envirotech Vehicles (NASDAQ: EVTV)?

No definitive agreement has been executed; the alignment remains under discussion. According to the company, the contemplated strategic transaction is ongoing and not finalized.

How does AZIO AI plan to scale GPU capacity across multiple sites after these deposits?

Through a repeatable, modular deployment blueprint designed for multi‑site expansion and energy‑efficient operations. According to the company, the model supports accelerated rollout and flexible GPU cluster configurations.