Envirotech Vehicles Announces Order for 3 MW of Modular Digital Infrastructure for South Texas Energy‑Integrated Data Center Pilot in Collaboration with Azio AI Corporation

Envirotech Vehicles (NASDAQ:EVTV) placed an order with Azio AI for ~3 MW of modular digital infrastructure to deploy at a South Texas energy‑integrated data center pilot.

Rhea-AI Summary

Envirotech Vehicles (NASDAQ:EVTV) placed an order with Azio AI for ~3 MW of modular digital infrastructure to deploy at a South Texas energy‑integrated data center pilot.

The company completed a $4.0M debenture tranche (gross proceeds $3.8M) toward a up-to-$10.5M financing; remaining $7.0M closes after a resale registration statement and customary conditions.

Initial modular hardware has been energized and entered a phased two‑week commissioning to collect operational data on energy efficiency, thermal management, and scalability.

Positive

• 3 MW modular infrastructure order placed
• Initial modular system energized and operational
• $4.0M debenture tranche closed (gross proceeds $3.8M)
• Pilot to generate real‑world data on energy efficiency and reliability

Negative

• Remaining $7.0M debenture funding contingent on resale registration
• Up to 10 million shares to be registered for Buyer resale (dilution risk)
• Financing proceeds earmarked for general corporate use, not dedicated capex

Argus Mar 12 session

-2.26% close to close Open Argus

Details

News Market Reaction – EVTV

On Mar 12, the day this news came out, EVTV closed 2.26% below the previous close.

Data tracked by StockTitan Argus for the Mar 12 session.

Market Context

This announcement advances Envirotech’s AI and data-center pivot, pairing a 3 MW modular infrastruct...

Analysis

This announcement advances Envirotech’s AI and data-center pivot, pairing a 3 MW modular infrastructure order with debenture financing of up to $11.0 million. It follows earlier Azio AI milestones and confirms initial energization and commissioning at the South Texas pilot. Investors may monitor execution on phased deployment, the planned registration of no less than 10 million shares, and how future capital needs interact with the existing $1,000,000,000 shelf.

Key Figures

Modular capacity ordered: 3 MW Total gross proceeds: $10.5 million Debenture principal: $11.0 million +5 more

Modular capacity ordered

3 MW

Modular digital infrastructure equipment for South Texas pilot site

Total gross proceeds

$10.5 million

Expected gross proceeds from debenture financing before fee

Debenture principal

$11.0 million

Aggregate principal amount of debentures in two tranches

First tranche principal

$4.0 million

Principal of debentures issued March 6, 2026

First tranche proceeds

$3.8 million

Gross proceeds from initial tranche of debentures

Second tranche principal

$7.0 million

Remaining debentures to close after registration effectiveness

Shares to register

no less than 10 million shares

Common stock for resale under Resale Registration Statement

Commissioning duration

approximately two weeks

Initial commissioning process for South Texas pilot site

Previous Partnership,AI Reports

1 past event · Latest: Feb 20

Same Type 1 event

1. Feb 20

   Partnership AI order

   24h Move

   +0.6%

   ASIC compute purchase order from EVTV to Azio AI for modular platform.

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

Key Terms

asic-based computing systems, high‑performance computing ("hpc"), artificial intelligence ("ai"), liquid‑cooled computing infrastructure, +2 more

6 terms

asic-based computing systems technical

"The initial hardware deployment includes ASIC‑based computing systems operating within"

Computing systems built around application-specific integrated circuits (ASICs), which are custom-designed chips optimized to perform one or a few tasks much more efficiently than general-purpose processors. They matter to investors because ASIC-based products often deliver higher speed, lower power use and better per-unit margins—like a factory machine built for a single job versus a multipurpose tool—but also require larger up-front development costs and can become obsolete faster if workloads change.

high‑performance computing ("hpc") technical

"These may include high‑performance computing ("HPC"), artificial intelligence ("AI")"

High-performance computing (HPC) is the use of very fast, specialized computers and coordinated software to solve massive or complex calculations by splitting work across many processors at once, similar to a high-speed factory where many workers handle different parts of a big job. For investors, HPC matters because it accelerates research, product development and data-driven services—potentially lowering costs, shortening time-to-market and creating competitive advantages that can drive revenue and margins.

artificial intelligence ("ai") technical

"These may include high‑performance computing ("HPC"), artificial intelligence ("AI")"

Artificial intelligence (AI) means computer systems that learn from data and carry out tasks—like spotting patterns, making predictions, or automating decisions—without being manually coded for every step, similar to a digital apprentice that improves with experience. Investors pay attention because AI can boost a company's productivity, create new revenue sources or cut costs, but it can also require big upfront investment and introduce regulatory, competitive or operational risks that affect returns.

liquid‑cooled computing infrastructure technical

"containerized, liquid‑cooled computing infrastructure designed for high‑density digital"

Liquid-cooled computing infrastructure uses liquids—often water or specially designed coolants—to remove heat from servers and data center equipment instead of relying mainly on air and fans. Like a car radiator or a home HVAC system that moves heat away more efficiently, it lets operators run more powerful hardware in a smaller space, cut energy bills and improve reliability, which can boost capacity, margins and long-term capital efficiency for investors.

modular computing infrastructure technical

"evaluate the integration of modular computing infrastructure with local power"

A modular computing infrastructure is a design approach where computing capacity is built from interchangeable, self-contained units—like LEGO blocks for servers, storage, and networking—so components can be added, replaced, or reconfigured without overhauling the whole system. Investors care because it reduces upgrade costs, shortens deployment time, and lowers the risk that technology becomes obsolete, all of which can improve profit margins and operational flexibility.

data center technical

"energy‑integrated data center pilot site.This order follows the Company's"

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.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HOUSTON, TX / ACCESS Newswire / March 12, 2026 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech" or the "Company") today announced that it has placed an order with Azio AI for approximately 3 megawatts (MW) of modular digital infrastructure equipment intended for deployment at the Company's South Texas energy‑integrated data center pilot site.

This order follows the Company's previously announced financing transaction, pursuant to which Envirotech entered into a definitive agreement with YA II PN, Ltd. (the "Buyer") to receive up to $10.5 million in gross proceeds (following the deduction of a one-time due diligence and structuring fee of $25,000) in exchange for the issuance to Buyer of up to $11.0 million in aggregate principal amount of debentures in two tranches. The first tranche of $4.0 million in aggregate principal amount of the debentures was issued and sold by the Company to the Buyer on March 6, 2026, resulting in gross proceeds to the Company of $3.8 million. The closing of the remaining $7.0 million in aggregate principal amount of the debentures will occur on or before the first business day after the effective date of the registration statement to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") to register for resale by the Buyer no less than 10 million shares of the Company's common stock issuable pursuant to the Amended and Restated Standby Equity Purchase Agreement, dated October 31, 2024, by and between the Company and the Buyer, as amended and supplemented by the Supplemental Agreement, dated February 24, 2025, and the shares of the Company's common stock issuable upon exercise of the warrants issued to the Buyer at the closing of the initial tranche of debentures as a commitment fee for the financing (such registration statement, the "Resale Registration Statement"), and subject to the satisfaction or waiver of customary closing conditions. For further information regarding the debenture financing, please refer to the Current Report on Form 8‑K filed by the Company with the SEC on March 9, 2026.

The debenture financing was undertaken to support general corporate and working capital purposes as well as the Company's strategic initiatives, which may include the development of energy‑integrated computing infrastructure projects such as the South Texas pilot site.

The infrastructure deployment is being developed in conjunction with Azio AI Corporation ("Azio AI"), which is supporting the project through procurement coordination and technical infrastructure integration. Azio AI is responsible for assisting with equipment sourcing, system architecture planning, and technical implementation related to the deployment of the modular computing infrastructure.

The equipment is expected to support the initial build‑out of containerized, liquid‑cooled computing infrastructure designed for high‑density digital workloads and modular deployment environments. The systems are being developed to integrate power management, thermal management, and networking components within self‑contained infrastructure modules that are expected to be capable of supporting a variety of computing applications.

The infrastructure is designed to operate in conjunction with onsite energy resources, allowing the Company to evaluate the integration of modular computing infrastructure with local power generation at the location utilizing well gas. The pilot project is intended to provide operational data regarding energy efficiency, infrastructure reliability, and deployment scalability at this initial site.

The initial hardware deployment includes ASIC‑based computing systems operating within the modular container infrastructure. This configuration allows the Company to perform real‑world testing of the site's energy, cooling, and networking systems while generating operational data from live computing workloads.

The underlying infrastructure is being deployed with flexibility in mind, and the Company intends to evaluate additional computing applications over time. These may include high‑performance computing ("HPC"), artificial intelligence ("AI") infrastructure, and other advanced data center workloads, subject to technical feasibility, market conditions, and capital availability.

The Company is also announcing that initial infrastructure at the South Texas site has been energized as part of the phased commissioning process. A portion of the first modular system has been connected to onsite power and is currently operating within a controlled commissioning environment while integration with the site's electrical and cooling infrastructure continues.

This staged activation allows the Company to begin operational testing and infrastructure validation, including power stability, thermal management, and system monitoring, while additional components of the deployment are installed and integrated. The initial commissioning process is expected to take approximately two weeks and is intended to provide operational insights regarding potential deployment scale and available MW capacity at the site. The commissioning process is expected to continue in phases as the Company advances the broader infrastructure build‑out associated with the site.

Deployment activities are expected to follow a phased installation and commissioning process that includes:

• Pre‑site engineering and power quality verification, including analysis of voltage stability, frequency characteristics, and related electrical conditions at the site.

• Power infrastructure integration, including electrical design planning, cable and transformer specification guidance, and connection to onsite generation systems.

• Infrastructure installation, including setup of internal liquid cooling systems and testing of fluid circulation and thermal management systems.

• Network and systems configuration, including installation of internal networking infrastructure and remote monitoring systems.

• Commissioning and operational validation, including staged system startup procedures and system performance testing.

The South Texas project represents an initial pilot deployment intended to evaluate the feasibility of scaling modular computing infrastructure at energy‑adjacent locations. Insights from this deployment may inform future infrastructure development as the Company explores opportunities related to energy‑integrated data center environments capable of supporting advanced computing applications.

If successful, the Company believes the South Texas pilot site may provide a framework for evaluating additional locations where stranded or underutilized energy resources could potentially support scalable computing infrastructure deployments in the future.

About Envirotech Vehicles, Inc.

Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology-focused company pursuing strategic initiatives designed to enhance long-term shareholder value through platform transformation, operational realignment, and selective acquisitions.

Forward‑Looking Statements

This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward‑looking statements include statements regarding the closing of the remaining tranche of $7.0 million in aggregate principal amount of the Company's debentures, the filing and effectiveness of the Resale Registration Statement, anticipated infrastructure deployment, the expected timeline for the initial commissioning process, operational testing, potential scalability of the South Texas site and energy-adjacent locations, the integration of computing infrastructure with onsite energy resources, potential computing workloads including AI or HPC applications, and the Company's ability to support computing infrastructure at the South Texas location. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Factors that may affect actual results include, but are not limited to, the Company's ability to satisfy the conditions to the closing of the remaining tranche of its debentures and the timing thereof, changes in project scope, engineering challenges, supply chain constraints, installation timelines, energy availability at the site, regulatory considerations, equipment performance, changes in digital asset markets, evolving computing demand, market conditions, and other risks described in the Company's filings with the Securities and Exchange Commission. Envirotech undertakes no obligation to update forward‑looking statements except as required by law.

MEDIA CONTACT

Phoenix Management Consulting
Press@PhoenixMGMTConsulting.com
888‑228‑0122

SOURCE: Envirotech Vehicles, Inc

View the original press release on ACCESS Newswire

FAQ

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

What did Envirotech (EVTV) order for the South Texas pilot on March 12, 2026?

Envirotech ordered approximately 3 MW of modular digital infrastructure for the South Texas pilot. According to the company, Azio AI will support procurement and integration of containerized, liquid‑cooled systems designed for high‑density computing workloads.

How much financing has Envirotech (EVTV) raised and what closed on March 6, 2026?

Envirotech closed a $4.0M debenture tranche, yielding about $3.8M gross proceeds. According to the company, up to $10.5M total financing is available, with $7.0M remaining contingent on a reseller registration statement and closing conditions.

What is the timeline for commissioning the South Texas modular infrastructure for EVTV?

Initial commissioning is expected to take approximately two weeks for the first modular system. According to the company, staged activation will validate power stability, thermal management, and monitoring while further components are integrated in phases.

What computing systems will Envirotech (EVTV) test at the South Texas site?

The initial deployment includes ASIC‑based computing systems within liquid‑cooled containers for live workloads. According to the company, testing will collect operational data for energy, cooling, and networking performance under real‑world conditions.

What role does Azio AI play in Envirotech’s (EVTV) South Texas pilot?

Azio AI is handling procurement coordination and technical infrastructure integration for the pilot. According to the company, Azio AI will assist with equipment sourcing, system architecture planning, and technical implementation of the modular systems.

How could the financing terms affect EVTV shareholders following the March 12, 2026 announcement?

The financing involves issuance of debentures and registration of up to 10 million shares for resale, which could dilute existing holders. According to the company, the remaining $7.0M tranche is subject to registration and customary closing conditions.