Envirotech Vehicles (EVTV) announced the initiation of full commercial-stage operations in the Company’s electric school bus vertical with its first three deliveries of its EVT Bumble Bee electric school bus to the independent school districts of Freer, Blanket, and Waelder, Texas. Funding for the buses is provided by the United States Environmental Protection Agency as part of the Clean School Bus Program. The purpose of the CSB Program is to provide $5B over five years to replace existing school buses with zero-emission and clean school buses. Under the CSB Program, Envirotech expects to deliver 25 total electric buses to school districts in Texas and Arkansas, with an aggregate of $8,570,000 awarded under the CSB Program to support these deliveries. Management expects to deliver an additional EVT “Bumble Bee” electric school bus this week to another Texas independent school district. The EVT fast charging 100% electric school buses being delivered get up to 150 miles range and have zero emissions and zero noise pollution.
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