Envirotech Vehicles shares surge 10.94% after-hours after securing 80 heavy-capacity drone deposits from Italian and U.S. partners.

Envirotech Vehicles surged 10.94% in after-hours trading following the announcement of securing deposits for 80 heavy-capacity drones from Studio di Agronomia Baffetti (Italy) and Venture Air Solutions (Florida). The orders, split 40/40, align with the company’s expansion into the European market under new EU and ENAC drone regulations and reinforce its U.S. logistics and agricultural applications. The drones, priced at $75,000+ each, position EVTV to generate over $150 million in drone division revenue by late 2027, while compliance with FAA and EASA/ENAC frameworks highlights regulatory readiness. The move underscores EVTV’s dual-industry leadership and validates its strategic shift toward heavy-capacity drone commercialization, supported by partnerships in both European and U.S. markets.