---
title: "Envirotech Vehicles closes merger with Azio AI, deploys 6 MW and secures 548-acre site"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291931093.md"
description: "Envirotech Vehicles completed its merger with Azio AI, forming a single public company. The entity deployed ~6 MW of off-grid power and secured rights to a 548-acre site in South Texas, capable of supporting up to 500 MW of AI infrastructure. Merger consideration included shares and convertible preferred stock. Leadership changes include Chris Young as CEO/Chairman, Simon Yu as President, and Jason Maddox as CFO."
datetime: "2026-07-07T12:13:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291931093.md)
  - [en](https://longbridge.com/en/news/291931093.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291931093.md)
generator: "portal-rs"
---

# Envirotech Vehicles closes merger with Azio AI, deploys 6 MW and secures 548-acre site

**Envirotech Vehicles completed its merger with Azio AI, deployed ~6 MW of off-grid power and holds a 548-acre site fit for up to 500 MW.**

**Key Highlights:**

-   Merger closed under an amended agreement, combining Envirotech Vehicles and Azio AI into one public company.
-   Approximately six megawatts of off-grid digital infrastructure deployed at the South Texas development site.
-   Company secured rights to a 548-acre footprint with potential to support up to 500 MW of AI infrastructure capacity.
-   Merger consideration: 2,655,157 common shares and 973,450 non-voting convertible preferred shares; preferred convertible into 100 common shares subject to stockholder approval.
-   Leadership changes: Chris Young named CEO and Chairman, Simon Yu appointed President, Jason Maddox becomes CFO; Phillip Oldridge stepped down as CEO.

Original SEC Filing: Envirotech Vehicles, Inc. \[ EVTV \] - 8-K - Jul. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**