Envirotech unveils heavy-lift drone with 1,500-pound capacity

HOUSTON - Envirotech Vehicles, Inc. (NASDAQ:EVTV), a $14.4 million market cap company showing strong recent momentum with a 66% gain last week, announced Monday it has completed development of what it calls the first American-made heavy-lift drone capable of carrying 1,500 pounds, featuring dual-use technology for agricultural spraying and wildfire protection. According to InvestingPro data, analysts expect significant revenue growth of 47% for the company this year.

The drone can deliver up to 100 gallons of liquid per deployment and maintain flight for up to 45 minutes under full load, according to the company’s press release. The system includes autonomous and semi-autonomous flight capabilities.

For agricultural applications, the drone is designed to provide farmers with a solution for crop spraying, fertilization, and pest control. The same platform can deploy fire suppressant or water in wildfire zones where traditional aircraft face maneuverability challenges.

"This is more than just a drone - this is the future of American resilience," said Elgin Tracy, Chief Operating Officer of EVTV, in the company statement.

The company also disclosed it has been working with U.S. government agencies and defense contractors for seven months to potentially integrate the drone technology into aerial defense systems.

EVTV plans to begin accepting pre-orders from U.S. farmers, cooperatives, and government agencies next week, with production expected to increase through 2026 and deliveries beginning thereafter.

The company claims the agricultural market represents a $7 billion annual opportunity, while wildfire suppression reached $5.7 billion in fiscal year 2024.

Envirotech Vehicles is a technology company focused on designing and manufacturing electric commercial vehicles.

In other recent news, Envirotech Vehicles announced significant developments, including the delivery of their first EVT Bumble Bee electric school buses to several independent school districts in Texas. This marks the commencement of full commercial operations for their electric school bus division, supported by the U.S. Environmental Protection Agency’s Clean School Bus Program. The program provides substantial funding aimed at replacing existing school buses with zero-emission alternatives. Additionally, Envirotech Vehicles has delivered an electric school bus to the Kopperl Independent School District in Texas, furthering their commitment to sustainable transportation solutions. In corporate governance news, Jason Maddox has been appointed as a Class II director on Envirotech’s board, while continuing his role as Interim Chief Financial Officer and President. Envirotech also announced a 1-for-10 reverse stock split of its common stock, effective August 6, 2025, with trading on a split-adjusted basis beginning shortly after. These developments reflect Envirotech’s ongoing efforts to expand its operations and enhance its corporate structure.

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