NEWS
Envirotech Vehicles Set for Major Expansion with $10 Million Financing Boost and $100 Million Commitment
Envirotech Vehicles (NASDAQ:EVTV) has secured a $10 million Purchase Order financing line from GOBA Capital Inc., enabling the production of over 200 vehicles for PLUGD Electric Leasing and Rentals Inc. This order, combined with 25 EV Bumble Bee school buses and 67 Class IV cargo vans for New Jersey's voucher program, positions EVTV as a major player in the last mile EV space.
Additionally, Karla Mae Capital is securing over $100 million in financing commitments for EVTV. This dual capital infusion will drive accelerated growth, product development, and market expansion. CEO Philip Oldridge expressed excitement about the company's enhanced position to lead in zero-emission transportation.
Additionally, Karla Mae Capital is securing over $100 million in financing commitments for EVTV. This dual capital infusion will drive accelerated growth, product development, and market expansion. CEO Philip Oldridge expressed excitement about the company's enhanced position to lead in zero-emission transportation.
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