Envirotech Vehicles
EVTV

$1.85

2.12%

Market Cap: $29M

About: Envirotech Vehicles Inc is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. It recognizes revenue from the sales of zero-emission electric vehicles and vehicle maintenance and inspection services. The Company serves commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for light to heavy-duty electric vehicles.

Employees: 14

Consumer Discretionary Motor Vehicle Parts & Accessories

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 4

0.8% less ownership

Funds ownership: 6.08% [Q1] → 5.28% (-0.8%) [Q2]

20% less funds holding

Funds holding: 25 [Q1] → 20 (-5) [Q2]

34% less capital invested

Capital invested by funds: $2.48M [Q1] → $1.63M (-$845K) [Q2]

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

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Research analyst outlook

We haven’t received any recent analyst ratings for EVTV.

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Financial journalist opinion

EVTV Envirotech Welcomes Visionary Entrepreneur Brock Pierce to Board of Directors

OSCEOLA, AR / ACCESSWIRE / August 29, 2024 / Envirotech Vehicles (NASDAQ:EVTV), a leading innovator in the electric commercial vehicle industry, is proud to announce the appointment of Brock Pierce, a renowned crypto entrepreneur, futurist, and philanthropist, to its Board of Directors. Brock's addition to the board marks a significant milestone for EVTV as the company accelerates its mission to revolutionize sustainable transportation, particularly in the delivery and postal service sectors.

EVTV Envirotech Welcomes Visionary Entrepreneur Brock Pierce to Board of Directors

Envirotech Vehicles Set for Major Expansion with $10 Million Financing Boost and $100 Million Commitment

OSCEOLA, AR / ACCESSWIRE / August 27, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a trailblazer in zero-emission, purpose-built electric vehicles, is thrilled to unveil a game-changing financial boost that positions the company for explosive growth. The company has secured a transformative $10 million Purchase Order (PO) financing line from GOBA Capital Inc. ("GOBA"), marking a significant milestone in its mission to revolutionize the electric vehicle (EV) market.

Envirotech Vehicles Set for Major Expansion with $10 Million Financing Boost and $100 Million Commitment

EV Company News For The Month Of July 2024

Global electric car sales June 2024 up 15% YoY to 22% share. China sales up 23% to 49.9% share. Europe down 5% to 22% share. USA down 3.8% to 9.10%. EV market news - EU puts tariffs on China EVs. China doubles cash subsidies to replace ICE cars. U.S. EV sales reach new record in Q2 2024, up 11.3% YoY. EV company news - Tesla delays robotaxi event to October. JPMorgan hikes BYD's PT by more than 80% on outlook (to HKD 475). Volvo June electric car sales up 41%.

EV Company News For The Month Of July 2024

EV Company News For The Month Of June 2024

Global electric car sales in May 2024 are up 23% YoY to 20% share. China sales up 33% to 47% share. Europe is down 10% to 21% share. The USA is up 3.2% to 8.74%. EV market news - EVs pass a key measure of 'Price Parity' in the US. EU to slap tariffs of up to 48% on EV imports from China. EV company news - BYD is in final talks for a Mexico factory. Musk lays out his Tesla targets for Robotaxis & Optimus humanoid robots (~$30T combined).

EV Company News For The Month Of June 2024

Envirotech Vehicles Ramps Up Production Team

OSCEOLA, AR / ACCESSWIRE / June 12, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the "Company"), is pleased to announce the addition of seven new employees to its team. This strategic hiring move is aimed at meeting the demand for EVT's cutting-edge electric vehicles and ensuring timely delivery of orders.

Envirotech Vehicles Ramps Up Production Team

Envirotech Vehicles Announces First Quarter 2024 Financial Results

OSCEOLA, AR / ACCESSWIRE / May 20, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of purpose-built zero-emission electric vehicles (the "Company" or "Envirotech Vehicles"), today announced its results for the three months ended March 31, 2024. First Quarter 2024 Financial Results Sales were $810,490 for the three months ended March 31, 2024, compared to $523,199 for the three months ended March 31, 2023.

Envirotech Vehicles Announces First Quarter 2024 Financial Results

Envirotech Vehicles Announces Delivery of Electric Vehicles and Forklift to PlugD

OSCEOLA, AR / ACCESSWIRE / March 28, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV" or the "Company"), today announced that the Company will deliver a total of 6 electric vehicles and 1 forklift to PlugD Commercial Electric Leasing and Rentals Inc. ("PlugD"), a Texas-based commercial electric vehicle leasing company by Friday, March 29, 2024 as part of a previously announced sales and purchase agreement. EVTV will receive the funding before March 29, 2024, net of a deposit of $200,000 received previously for future deliveries in conjunction with this agreement.

Envirotech Vehicles Announces Delivery of Electric Vehicles and Forklift to PlugD

Envirotech Vehicles Announces Sales & Purchase Agreement

OSCEOLA, AR / ACCESSWIRE / March 20, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the "Company"), today announced that the Company entered into a Sale and Purchase Agreement (the "Agreement") with PlugD Commercial Electric Leasing and Rentals Inc. ("PlugD"), a Texas-based commercial electric vehicle leasing company. Under the terms of the Agreement, EVTV will deliver 200 electric high roof vans and trucks to PlugD for a total of approximately $16.2 million.

Envirotech Vehicles Announces Sales & Purchase Agreement

Envirotech Vehicles Announces an Update on $4.3 million Revenue Backlog Related to NJ ZIP Program

OSCEOLA, AR / ACCESSWIRE / March 12, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the "Company"), today announced that the Company currently has 43 vehicles on order from 19 customers with binding purchase orders and with funding approved by New Jersey's Zero Emission Incentive Program ("NJ ZIP") As noted above, these orders represent approximately $4.3 million in revenue, and are anticipated to be delivered in 2024. Philip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "We are pleased to provide this update to our investors and customers to demonstrate that we have been hard at work to attract additional customers through NJ ZIP.

Envirotech Vehicles Announces an Update on $4.3 million Revenue Backlog Related to NJ ZIP Program

Envirotech Vehicles Announces EPA Clean School Bus Grant Program Award of $8.57 Million for 25 of its Fully Electric School Buses

OSCEOLA, AR / ACCESSWIRE / January 25, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that the United States Environmental Protection Agency (EPA) has awarded EVTV $8.57 million for the provision of 25 of its Bumble Bee fully electric school buses. The awards are on behalf of eight school districts across Arkansas and Texas for which the Company acted as grant-writer during the competitive 2023 Clean School Bus (CSB) Grant Program application process.

Envirotech Vehicles Announces EPA Clean School Bus Grant Program Award of $8.57 Million for 25 of its Fully Electric School Buses

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