Strategic Capital Momentum Accelerates as AZIO AI Advances Proposed Business Combination with Envirotech Vehicles, Inc. (NASDAQ: EVTV)
LOS ANGELES, Jan. 6, 2026 /PRNewswire/ — AZIO AI, Inc. (“AZIO AI”), a next-generation artificial intelligence infrastructure and compute platform, has announced growing support from a new group of strategic investors. This includes large corporate participants across the AI data-center and supply-chain ecosystem, as the company moves closer to completing its proposed merger and related equity transactions with Envirotech Vehicles, Inc. (NASDAQ: EVTV). The business combination is projected to provide AZIO AI access to public-market infrastructure, enhanced capital-markets flexibility, and an expanded platform to support long-term AI infrastructure deployment alongside EVTV’s existing operations as a public company.
Previously disclosed details indicate that AZIO AI is advancing this business combination with Envirotech Vehicles, Inc., which is expected to bolster the company’s access to public markets. Additionally, it aims to enhance its capital-markets flexibility and support long-term AI infrastructure deployment. The company has garnered indicative interest that supports an implied purchase price of $3.00 per share, contingent upon the execution of definitive agreements and customary closing conditions. Further announcements regarding these strategic investments and transaction milestones are anticipated in the coming days and weeks as documentation is finalized.
AZIO AI’s strategic vision focuses on supplying and developing sovereign AI data centers designed to enhance national-level compute independence, secure workloads, and facilitate long-term artificial intelligence capacity planning. In collaboration with Super Micro Computer, Inc. (NASDAQ: SMCI) and other infrastructure partners, AZIO AI plans to execute its AI data-center initiatives across the United States, as well as in Asia, Southeast Asia, and South Asia.
The proposed transaction with Envirotech Vehicles, Inc. is intended to accelerate AZIO AI’s infrastructure roadmap while aligning the company with a publicly traded platform actively pursuing advanced technology and energy-adjacent growth initiatives. This merger reflects a significant step in the strategic growth of AZIO AI, aiming to solidify its position within the competitive AI landscape.
Chris Young, Chief Executive Officer of AZIO AI, emphasized the company’s long-term, institutional mindset centered around infrastructure, capital discipline, and scalable execution. “AZIO AI was built with a long-term, institutional mindset around infrastructure, capital discipline, and scalable execution,” Young stated. He noted that his background as a limited partner at Amplify.LA, which has supported high-profile companies such as FanDuel, Dollar Shave Club, and Figma, has reinforced the importance of combining visionary technology with disciplined governance as the company advances into this next growth phase.
David Shiue, the founder and Chief Executive Officer of AZIO, currently serves as President of AZIO AI. He founded AZIO over 21 years ago, evolving it from a hardware manufacturer into a recognized brand with extensive relationships across Taiwan and broader Asian manufacturing networks. Meanwhile, Gary Chen, Chief Strategy Officer of AZIO AI, brings over two decades of experience across hardware manufacturing and global supply chain-driven revenue platforms, having driven more than $300 million in aggregate sales across North America and Asia.
This press release contains certain forward-looking statements as defined by the United States Private Securities Litigation Reform Act of 1995, which address proposed transactions, valuation, strategic investments, and infrastructure expansion. These statements reflect current expectations and assumptions that are subject to risks and uncertainties, potentially causing actual results to differ materially. AZIO AI does not undertake any obligation to update forward-looking statements, beyond what is required by law.
As AZIO AI continues to make strides in its proposed merger with Envirotech Vehicles, the company is positioned to capitalize on emerging opportunities within the AI and technology sectors. This partnership signifies a pivotal moment in the evolution of AI infrastructure, reinforcing AZIO AI’s commitment to advancing secure and scalable computing solutions in an increasingly digital world.
See also
CurveBeam AI Surges to 2-Month High Following Approval of Chinese Investment
Grok Faces UK Regulatory Scrutiny for Creating Non-Consensual Images of Women
Venture Capitalists Shift Focus: AI Drives M&A and Hiring Strategies at CES 2026
Anthropic President Daniela Amodei Questions Relevance of AGI Amid AI Limitations
Grok Scandal Highlights Urgent Need for AI Ethics and Robust Privacy Guardrails
