Envirotech Vehicles Outlines Potential Acquisition of AI Infrastructure Firm AZIO AI Based on $480 Million Third-Party Valuation

NASDAQ-Listed EVTV Pursues AI Infrastructure Pivot

AZIO AI Corporation, a rapidly scaling AI infrastructure company, announced on December 18, 2025, additional details regarding a previously disclosed Letter of Intent (LOI) outlining a potential business combination with Envirotech Vehicles, Inc. (NASDAQ: EVTV). The transaction framework is informed by an independent third-party valuation that pegs AZIO AI’s worth at approximately $480 million, a key data point driving the proposed deal.

The LOI sets the stage for a significant strategic shift, whereby the NASDAQ-listed electric vehicle company, EVTV, would acquire 100 percent of the outstanding equity of AZIO AI. This move suggests EVTV is looking to integrate or pivot toward the high-growth sector of AI infrastructure and high-performance computing.

Transaction Structure and Valuation

AZIO AI specializes in delivering high-performance compute, modular data-center solutions, and applied AI platforms tailored for governments, institutions, and global enterprises. The proposed acquisition by EVTV would effectively transition the public company’s focus, incorporating AZIO AI’s technology and market presence.

The valuation of approximately $480 million was derived from an independent third-party assessment, providing a benchmark for the negotiations between the two entities. This figure represents the estimated value of AZIO AI Corporation, which is currently a private entity.

The LOI outlines a transaction framework under which the parties are working toward a potential business combination to which EVTV would acquire 100 percent of the outstanding equity of AZIO AI.

Conditions Precedent to Closing

While the LOI establishes the intent and framework for the business combination, the completion of the deal remains subject to several critical prerequisites common in complex financial transactions. These conditions ensure that both parties meet necessary legal and financial standards before proceeding.

• Completion of comprehensive due diligence by both parties.
• The negotiation and execution of definitive agreements detailing the final terms of the acquisition.
• Receipt of all required shareholder and regulatory approvals necessary to finalize the combination.

The announcement confirms that AZIO AI and EVTV are actively working toward executing definitive agreements following the completion of their respective due diligence processes, aiming to merge an established public entity with a rapidly scaling private AI infrastructure firm.