Envirotech Moves From Paper To Production As Global Drone Program Advances Through FAA and ENAC Certification
Rhea-AI Summary
Envirotech Vehicles (NASDAQ:EVTV) said its heavy-capacity drone unit AG Drone entered production and certification execution after confirmed deposits for 80 heavy drones from Studio di Agronomia Baffetti and Venture Air Solutions on November 13, 2025. EVTV lists milestones through 2027, including a pre-production run (10 units) in Q4 2025, FAA Stage II and ENAC certification submissions in Q4 2025, production tooling and supply-chain integration in Q1 2026, first customer deliveries initiated in Q2 2026, a target full manufacturing ramp to 150+ units/year in Q3 2026, and a projected drone division revenue of $150 million+ by Q4 2027.
EVTV is expanding manufacturing in Arkansas and Texas and plans in-field testing in Tuscany under a non-binding LOI with Studio Baffetti.
Positive
- 80 confirmed deposits for heavy-capacity drones
- Pre-production 10-unit run scheduled Q4 2025
- FAA Stage II / ENAC certification submissions scheduled Q4 2025
- Target full capacity: 150+ units/year by Q3 2026
- Projected drone revenue: $150 million+ by Q4 2027
Negative
- Studio Baffetti arrangement is a non-binding LOI
- Projected revenue is a target, not a realized figure
News Market Reaction
On the day this news was published, EVTV declined 1.69%, reflecting a mild negative market reaction. Argus tracked a peak move of +2.2% during that session. Argus tracked a trough of -16.4% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $72K from the company's valuation, bringing the market cap to $4M at that time.
Data tracked by StockTitan Argus on the day of publication.
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. "The 80 deposits confirmed overseas demand for our heavy capacity drone platform. Now it's about disciplined execution - Federal Aviation Administration and Ente Nazionale per l'Aviazione Civile ("ENAC") certification, manufacturing ramp-up, and on-time delivery. We expect that every key performance indicator we set will be performance-driven and anchored in real deliverables."
2025 - 2026 Strategic Key Performance Indicators and Program Milestones
Key Metric | Target | Status | Timeline |
Full-Scale Prototype & Flight Validation | Completed | ||
Pre-Production Run (10 Units) for Customer Demonstrations | In Progress | Q4 2025 | |
FAA Stage II / ENAC Certification Submissions | Scheduled | Q4 2025 | |
Production Tooling and Supply Chain Integration | On Track | Q1 2026 | |
First Customer Deliveries (Baffetti & Venture Air Solutions) | Initiated | Q2 2026 | |
Full Manufacturing Ramp | 150+ Units Per Year Capacity | Q3 2026 | |
Projected Drone Division Revenue | Q4 2027 |
Under EVTV's non-binding letter of intent with Studio Baffetti, EVTV is preparing for in-field testing across Tuscany's vineyards and olive groves in Italy. "The European market is opening to heavy-capacity agricultural and industrial drones," said Dr. Francesco Baffetti, Managing Partner of Studio Baffetti. "Our relationship with Envirotech Vehicles places us at the center of that movement."
Simultaneously, EVTV is finalizing its FAA Stage II certification to support Venture Air Solutions' infrastructure and inspection operations in the Southeastern United States.
EVTV is expanding its manufacturing capability in Arkansas and Texas to support its transition to a fully integrated ground-and-air mobility company.
"This program proves that American engineering and compliance can compete globally," Tracy added. "We're scaling strategically - not rushing - so that every aircraft delivered reflects our standard of precision and reliability."
About Envirotech Vehicles
Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a U.S. manufacturer of zero-emission commercial vehicles and heavy capacity drones engineered for logistics, infrastructure, and precision agriculture applications worldwide. EVTV systems enable a cleaner, safer, and more efficient future for critical industrial operations.
Cautionary Statement Regarding Forward-Looking Statements
Statements made in this press release that relate to future plans, events, financial results, prospects, or performance, including, but not limited to, statements regarding the receipt of payment by EVTV from Studio Baffetti and Venture Air Solutions for the drone purchases, EVTV's ability to obtain necessary governmental approvals and certifications, EVTV's ability to expand successfully into Europe, EVTV's projected drone division revenue and manufacturing capacity, the performance of EVTV's drones and the estimated timeline for the deployment of EVTV's drone program, are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including statements that are not purely statements of historical fact and the risks and uncertainties disclosed in reports filed by EVTV with the U.S. Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "will," "estimated," "planned," "expected," "believes," "strategy," "opportunity," "anticipated," "outlook," "designed," and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, EVTV undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.
Media Contact:
Envirotech Vehicles, Inc.
Merrick Alpert, Chief Communications Officer
Telephone: (870) 970-3355
Email: merrick@evtvusa.com
SOURCE: Envirotech Vehicles, Inc
View the original press release on ACCESS Newswire
FAQ
What did Envirotech (EVTV) announce on November 13, 2025 about drone orders?
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Is the Studio Baffetti agreement binding for EVTV (EVTV)?
