Envirotech Vehicles Announces Sales & Purchase Agreement With PlugD Commercial Electric Leasing And Rentals For $16.2M
Portfolio Pulse from Benzinga Newsdesk
Envirotech Vehicles (EVTV) has entered into a sales and purchase agreement with PlugD Commercial Electric Leasing and Rentals, valued at $16.2 million. EVTV will deliver 200 electric high roof vans and trucks to PlugD over the next 13 months.

March 20, 2024 | 10:04 am
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Envirotech Vehicles has secured a significant sales agreement with PlugD for $16.2 million, involving the delivery of 200 electric vehicles.
This sales agreement is a substantial revenue opportunity for Envirotech Vehicles, indicating a strong demand for their electric vehicles. The deal not only boosts their financial outlook but also reinforces their position in the electric vehicle market. Given the size of the deal and its impact on future revenues, it is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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