Envirotech Vehicles Rebrands to Azio AI; Secures $27.9M AI Hosting Deal
Envirotech Vehicles, Inc. has officially rebranded to Azio AI Holdings, Inc., effective July 9, 2026, following its merger with Azio AI. The company's common stock will begin trading under the new ticker symbol "AZIO" on The Nasdaq Capital Market starting July 13, 2026. This strategic transformation aligns the company's identity with its new focus as a dedicated AI infrastructure platform. Concurrently, Azio AI announced a significant AI infrastructure hosting agreement with Power Champion Investment Limited, valued at approximately $27.9 million for an initial 3.1 MW deployment, with expansion rights that could increase the total contract value to $100 million. Additionally, Chris Young, CEO, was appointed Chairman of the Board.
Key Highlights
- Corporate name changed from Envirotech Vehicles, Inc. to Azio AI Holdings, Inc.
- Ticker symbol to change from "EVTV" to "AZIO" on July 13, 2026.
- Secured $27.9 million AI infrastructure hosting agreement with Power Champion.
- Initial deployment for Power Champion is 3.1 MW of contracted hosting capacity.
- Agreement includes expansion rights up to 12 MW, potentially valued at $100 million.
- Chris Young appointed Chairman of the Board, effective July 7, 2026.
- Name change became effective July 9, 2026, following merger with Azio AI.
Price Impact
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