Envirotech Vehicles Inc. (NASDAQ:EVTV) shares climbed 12.1% on Wednesday after the electric vehicle manufacturer announced meaningful advances in its modular data and power infrastructure initiative being developed in partnership with AZIO AI Corporation.
The company said it has completed an on-site engineering and technical validation review, marking the shift from design and feasibility work into the execution phase of the project. Over the course of a multi-day site visit, teams from Envirotech and AZIO AI carried out detailed technical evaluations of fuel, power and computing systems, establishing clear and confirmed deployment pathways.
According to Envirotech, the validation process delivered several key milestones, including fuel and gas testing, electrical system assessments, confirmation of infrastructure layouts, site readiness checks for deploying mobile units, and receipt of vendor quotations for essential components such as CPUs, GPUs and electrical distribution equipment.
The initiative builds on Envirotech’s strengths in modular manufacturing, vehicle electrification and integrated infrastructure, extending those capabilities into new energy-and-compute use cases that require fast deployment of mobile units equipped with high-performance computing hardware and dependable power solutions.
With the on-site validation phase now complete, Envirotech and AZIO AI plan to move ahead with procurement, system integration and detailed deployment planning. The company said it will provide further operational updates as additional milestones are reached, while noting that the announcement reflects progress on execution and readiness rather than any financial guidance or revenue outlook.