on Envirotech Vehicles, Inc (NASDAQ:EVTV)
Envirotech Advances in Drone Program with FAA and ENAC Certification
Envirotech Vehicles, Inc. (NASDAQ:EVTV), a U.S. manufacturer of zero-emission commercial vehicles and drones, has announced a significant move from conceptualization to production in its drone division, AG Drone Inc. Following confirmed deposits for 80 heavy capacity drones from Italian and U.S. firms, the company is now advancing in the production and certification phases.
According to Elgin Tracy, Chief Operating Officer of EVTV, the confirmed orders highlight a strong demand for their drones internationally. The company is focused on achieving Federal Aviation Administration (FAA) and Ente Nazionale per l'Aviazione Civile (ENAC) certifications, alongside scaling up manufacturing for timely deliveries.
Key performance indicators set for 2025-2026 include prototype validation, customer demonstrations, certification submissions, and production ramp-up, with initial customer deliveries slated for Q2 2026. Revenue projections exceed $150 million by Q4 2027, emphasizing the strategic expansion into Europe.
R. E.
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