Envirotech Vehicles Inc.
ENVIROTECH VEHICLES, INC. Issues Convertible Promissory Note in Private Placement
Summary
On January 18, 2024, ENVIROTECH VEHICLES, INC. issued a Convertible Promissory Note in the principal amount of One Million Dollars ($1,000,000.00) to Gerald Douglas Conrod, as investor, under a private placement exempt from registration. The note includes an origination fee of Ninety-Nine Thousand Dollars ($99,000.00) and warrants to purchase Common Stock. It is set to mature on the earlier of the next S-1 filing or September 30, 2024, with conversion terms allowing the investor to convert the principal into Common Stock at a specified price.
Profitelligence Alerts
Get alerts for EVTV
Be first to know when Envirotech Vehicles Inc. files with the SEC.
Filing Categories
Advertisement
About Envirotech Vehicles Inc.
Envirotech Vehicles Inc. is a commercial electric vehicle company focusing on manufacturing, selling, and leasing zero-emission vehicles. These vehicles primarily serve industries such as logistics, delivery services, public transportation, and municipal services, which are increasingly transitioning to sustainable energy solutions. Envirotech Vehicles aims to address environmental and regulatory demands by providing alternatives to traditional combustion engine vehicles, offering reduced carbon footprints and lower operational costs. Key features of Envirotech’s offerings include customizable vehicle platforms, energy-efficient designs, and advanced technology integrations that ensure performance and safety. The company is significant within the market as it aligns with the growing emphasis on eco-friendly transportation solutions amid global climate change concerns. By catering to both private and public sector clients, Envirotech Vehicles supports their sustainability goals and enhances fleet efficiency, thus playing a crucial role in the broader shift towards green technology in the automotive industry.
Official SEC Documents
Advertisement