Envirotech Vehicles, Inc. to acquire Azio AI Corporation

Envirotech Vehicles, Inc. has agreed to acquire Azio AI Corporation in a strategic acquisition within the Technology sector. The transaction, which was announced on 19 May 2026, involves consideration paid entirely through shares. Both the buyer and the target are based in the United States, creating a domestic deal structure for the combined entity. The deal value and specific currency were not disclosed to the public, leaving the financial terms of the exchange unreported in available records.

The management teams of both organisations proceeded with the integration following the initial announcement. Regulatory approvals were secured, allowing the transaction to reach its conclusion on 2 July 2026. This completion marks the formal end of the acquisition process, with Azio AI Corporation now operating as a subsidiary of Envirotech Vehicles, Inc. The deal represents a significant consolidation of assets within the US technology landscape, finalising the strategic partnership between the two distinct corporate entities without further public disclosure regarding valuation metrics. The transaction is now fully completed.