EVTV Stock Gets Pre-Market Boost: AZIO Locks In Customers Before GPU Infrastructure Goes Live

Shares of Envirotech Vehicles, Inc. (EVTV) jumped about 7% in pre-market trading on Tuesday after its potential merger partner, AZIO, announced that it had secured non-refundable customer deposits covering about 42% of its previously disclosed $108 million GPU infrastructure pipeline. This represents deposits of roughly $45 million.

Envirotech Vehicles and AZIO are currently in discussions regarding a potential merger or business combination, though no final agreement has been reached.

The commitments are tied to deployments of NVIDIA GPU-based systems designed for enterprise AI workloads and high-performance computing. AZIO said these deposits provide visibility into future usage, as customers have already reserved capacity ahead of deployment.

AZIO added that the $108 million pipeline is part of a broader infrastructure expansion plan, not just a single-site project. 

Get updates to this developing story on Stocktwits.

For updates and corrections, email newsroom[at]stocktwits[dot]com.