Envirotech Vehicles Closes Merger with Azio AI Ahead of Schedule, Positioning Combined Company to Capture $487 Billion 2026 AI Infrastructure Opportunity
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Envirotech Vehicles (NASDAQ: EVTV) has completed its merger with Azio AI Corporation ahead of schedule, pivoting from electric vehicles to AI infrastructure. The combined company is now focused on AI data center development, enterprise GPU compute, digital power solutions, and digital asset mining. Key operational milestones include six megawatts of off-grid power deployed at a South Texas site and rights secured to a 548-acre site with potential for 500 MW capacity. New leadership has been appointed, with Chris Young as CEO and Simon Yu as President. The company is targeting the AI infrastructure market, which IDC projects will reach $487 billion in 2026 and exceed $1 trillion by 2029.
