
HOUSTON, TEXAS
/ June 24, 2025 -- InvestorsHub NewsWire -- Envirotech
Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech") today announced its bold
vision to lead the future of electric mobility by integrating
sustainable, American-assembled solutions across land, air, and
sea, tapping into multiple multi-billion-dollar end markets.
As global demand for alternatives to carbon-heavy infrastructure
continues to accelerate, Envirotech believes that it is
well-positioned to deliver a unified ecosystem, driving
clean-energy solutions in agriculture, logistics, infrastructure,
and marine applications.
"Envirotech is building more than vehicles-we're creating a
connected ecosystem that powers sustainable mobility across land,
air, and sea," remarked Jason Maddox, President and Interim Chief
Financial Officer of Envirotech. "We believe that our unified
approach positions us to meet the growing demand for clean,
American-made solutions while delivering long-term value to
shareholders and communities."
Key Market
Opportunities. Envirotech's ecosystem targets
high-growth sectors, including:
-
Agricultural Drones: A U.S.
market projected to reach $1.76 billion by 2030, driven by
precision farming and automation.
-
Commercial & Industrial
Drone Services: A global market projected to reach $58.4 billion
market by 2030, encompassing infrastructure inspection,
surveillance, logistics, and delivery.
-
Electric Watercraft: A U.S.
market projected to exceed $1.28 billion by 2032, including
personal and light commercial vessels with electric jet
propulsion.
Growth Drivers and Strategic
Initiatives. Envirotech's integrated platform is
designed to maximize efficiency and scalability, with key
developments including:
-
New revenue streams expected for
2025 that complement its core portfolio of electric buses, vans,
and trucks, including potential opportunities with Department of
Defense, Federal Emergency Management Agency, and United States
Department of Agriculture.
-
A pipeline of strategic
acquisitions under review to accelerate market entry.
Next Steps and
Engagement. Envirotech will continue generating core
revenue from its commercial EV portfolio-including electric buses,
vans, and trucks, while projecting additional topline growth
beginning in 2025 expected to result from strategic
acquisitions.
Maddox continued, "Look forward to additional updates-including
tangible details on product launches and commercial-stage
operations- as we gear up to execute on our unique market
positioning in the back half of the year."
Business owners, investors, and potential partners are invited to
explore Envirotech's offerings at https://evtvusa.com/contact-evtv/.
ABOUT ENVIROTECH
Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology company dedicated to
revolutionizing the electric vehicle landscape by designing and
manufacturing electric commercial vehicles that offer sustainable,
efficient, and cost-effective transportation solutions. Committed
to driving the future of mobility, Envirotech is pushing the
boundaries of innovation and sustainability.
For more information, visit www.evtvusa.com.
Cautionary Statement
Regarding Forward-Looking Statements. Statements in
this press release about future plans, events, financial results,
or performance are forward-looking and include, but are not limited
to, statements regarding Envirotech's business plans and strategy,
potential strategic acquisitions, new revenue streams, projections
of revenue and market opportunity, and expectations regarding its
growth and advantages. While they are based on the current
expectations and assumptions and beliefs of management, such
forward-looking statements are subject to a number of risks,
uncertainties, assumptions, and other factors that could cause
actual results to differ materially from the expectations expressed
in this press release. Important factors that could cause actual
results to differ materially from current expectations include,
among others, Envirotech's ability to successfully execute on its
business plans, competition within the targeted markets, the
timing, cost and expected impact of strategic acquisitions, risks
relating to operations, permits, licenses, financings, approvals
and other contingencies in connection with growth in new or
existing markets, Envirotech's ability to achieve expected
synergies from its potential acquisitions, the availability of
sources of capital to enable Envirotech to service its indebtedness
and make anticipated investments, and the other risks and
uncertainties disclosed in reports filed by Envirotech with the
Securities and Exchange Commission, all of which are available
online at www.sec.gov. All statements, other than statements of
historical fact, are statements that could be deemed
forward-looking statements, including statements containing the
words "will," "estimated," "planned," "expected," "believes,"
"strategy," "opportunity," "anticipated," "outlook," "designed,"
and similar words. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date hereof. Except as required by law, Envirotech
undertakes no obligation to update or revise any forward-looking
statements to reflect new information, changed circumstances, or
unanticipated events.
Contact
Merrick Alpert, Chief Communications Officer
Telephone: (870) 970-3355
Email: merrick@evtvusa.com
SOURCE: Envirotech Vehicles,
Inc.
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