Envirotech Vehicles Finalizes Azio AI Merger, Secures 548-Acre Site for 500 MW
EVTV•Envirotech Vehicles completed its merger with Azio AI on July 2, transforming into an AI datacenter provider targeting a $487 billion 2026 infrastructure market. The combined company deployed six megawatts of off-grid power and secured a 548-acre site to develop up to 500 MW of hyperscale data centers.
1. Merger Completion and Strategic Pivot
On July 2, 2026 Envirotech Vehicles closed its merger with Azio AI under a revised transaction structure, accelerating its transformation into an AI datacenter provider. The combined company immediately began operating as an integrated public entity focused on AI infrastructure, enterprise GPU compute, and digital power solutions.
2. Infrastructure Progress
Over recent months the company deployed six megawatts of off-grid power for its modular data centers and secured rights to a 548-acre South Texas site with capacity for up to 500 MW. These developments provide a foundation for future AI hyperscale data center builds and support the pursuit of customer commitments.
3. Leadership Appointments
Following the merger, Simon Yu was appointed President and Chris Young assumed the role of Chief Executive Officer, while Jason Maddox moved to Chief Financial Officer. Yu brings nearly a decade of public markets and capital raise experience, and Young offers extensive expertise in AI commercialization and strategic growth initiatives.
4. Growth and Commercial Strategy
Management is prioritizing infrastructure deployment, customer onboarding, and strategic partnerships to capitalize on a projected $487 billion 2026 AI infrastructure market. The company plans to expand AI datacenter development, enterprise compute offerings, power hosting services, and digital asset mining to create diversified revenue streams.
