HOUSTON, TEXAS — Envirotech Vehicles, Inc. (NASDAQ: EVTV) is setting its sights on a future that goes far beyond electric buses and delivery vans. The Houston-based company announced today an expansive new strategy to create a unified electric mobility ecosystem that spans land, air, and sea.
The move signals Envirotech’s entry into a wider array of clean transportation markets, with a focus on building a connected network of sustainable, American-assembled vehicles and systems. Company leaders say the initiative is driven by surging demand for greener infrastructure across agriculture, logistics, infrastructure, and marine sectors.
“Envirotech is building more than vehicles—we’re creating a connected ecosystem that powers sustainable mobility across land, air, and sea,” said President and Interim Chief Financial Officer Jason Maddox. “We believe that our unified approach positions us to meet the growing demand for clean, American-made solutions while delivering long-term value to shareholders and communities.”
Tapping Into Multi-Billion-Dollar Markets
As part of its expanded focus, Envirotech is eyeing high-growth sectors including:
Agricultural drones, a U.S. market projected to reach $1.76 billion by 2030.
Commercial and industrial drone services, with global market estimates hitting $58.4 billion by 2030.
Electric watercraft, a U.S. segment forecasted to surpass $1.28 billion by 2032.
These markets align with trends in precision farming, infrastructure monitoring, and sustainable maritime transport.
New Revenue Streams and Strategic Expansion
Envirotech plans to roll out additional revenue-generating projects in 2025 alongside its existing commercial EV lineup, which includes electric buses, vans, and trucks. According to the company, new business opportunities may include partnerships with government agencies such as the Department of Defense, FEMA, and the USDA.
The company is also reviewing a pipeline of strategic acquisitions designed to fast-track market entry into emerging verticals.
“Look forward to additional updates—including tangible details on product launches and commercial-stage operations—as we gear up to execute on our unique market positioning in the back half of the year,” Maddox added.
Staying the Course
While diversifying its portfolio, Envirotech says it will continue to generate core revenue from its commercial EV business, which serves municipalities, schools, and commercial fleets across the U.S.
For business owners, investors, and potential partners interested in learning more, the company is inviting inquiries through its website: https://evtvusa.com/contact
About Envirotech Vehicles, Inc.
Envirotech Vehicles (NASDAQ: EVTV) designs and manufactures electric commercial vehicles with a focus on sustainability and cost-efficiency. The company is committed to reshaping transportation through innovation and clean energy.
More information is available at www.evtvusa.com.
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