Companies · Manufacturing

Envirotech Vehicles, Inc.

Houston · Manufacturing

Diligence memoA one-page analyst read on Envirotech Vehicles, Inc. — recommendation, valuation, rhythm, risks.
$15.6M
Total raised · real
6
Rounds
0.9×
Latest step-up
Top 17%
Sector rank · raised
Series A
Latest stage · inferred · Fri Mar 06 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Envirotech Vehicles, Inc. looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the manufacturing sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.65× the median modeled value of Series A Manufacturing companies in 2025–2027 (62 peers) — value vs value, same stage and era.
Active
  • Last raise 4 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Manufacturing

Envirotech Vehicles, Inc. is one of 3256 Manufacturing companies tracked from Houston. By capital raised it ranks in the upper tier (ahead of 84% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2026-03-06
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$25M$50M$75M$100MPre-Seed · 2012-07-01 Raised $160K (real) Modeled valuation $2.4M (est)$160K$2.4MPre-Seed2012Pre-Seed · 2015-01-08 Raised $300K (real) Modeled valuation $4.6M (est)$300K$4.6MPre-Seed2015Series A · 2020-12-29 Raised $5.8M (real) Modeled valuation $51M (est)$5.8M$51MSeries A2020Series A · 2024-01-18 Raised $1.2M (real) Modeled valuation $5.2M (est)$1.2M$5.2MSeries A2024Series A · 2024-12-18 Raised $4.4M (real) Modeled valuation $16M (est)$4.4M$16MSeries A2024Series A · 2026-03-06 Raised $3.9M (real) Modeled valuation $11M (est)$3.9M$11MSeries A2026+$300K+$5.8M+$1.2M+$4.4M+$3.9MCumulative $16M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$160K · 2012
Pre-Seed extension$300K · 2015
Series A$5.8M · 2020no Seed on file
Series A extension$1.2M · 2024
Series A extension$4.4M · 2024
Series A extension$3.9M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$10.6M
Base estimate est.
$5.4M
Conservative case
$15.5M
Upside case
$17.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.4M · 2012-07-012012Pre-Seed · modeled $4.6M · 2015-01-08Series A · modeled $51.3M · 2020-12-29Series A · modeled $5.2M · 2024-01-18Series A · modeled $15.7M · 2024-12-18Series A · modeled $10.6M · 2026-03-062026
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
56%
Survival probability
31% low · 77% high
1.26×/yr
Annual markup
1.58×/yr upside case
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
33 mo
Avg between rounds
$1.1M/yr
Capital velocity
14.0 yr
On record since
2012
First round
6
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 7.7× above median
This company$15.6M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.7× of median
This company$3.9M
Sector median$5.3M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$10.6M
Sector median$12.0M

Raised more than 84% of sector peers (real $). Modeled value above 47% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #47 of 62.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Island Hedley Parent LLC · Series A Raised $13.8M · modeled $41.3M (est)Salt Lake City Distillery, Llc · Series A Raised $43.3M · modeled $37.9M (est)Bespoken Spirits Inc. · Series A Raised $18.5M · modeled $37.3M (est)AiTA Bio Inc. · Series A Raised $10.0M · modeled $35.6M (est)C-Motive Technologies, Inc. · Series A Raised $26.1M · modeled $35.1M (est)Hheli. Llc · Series A Raised $11.4M · modeled $32.6M (est)Brother Justus Whiskey Co. · Series A Raised $22.8M · modeled $31.4M (est)Pallet SPC · Series A Raised $34.4M · modeled $31.4M (est)Foundry Lab, Inc. · Series A Raised $17.7M · modeled $31.0M (est)JWC Gburg LLC · Series A Raised $9.2M · modeled $30.4M (est)NALA Membranes, Inc. · Series A Raised $14.2M · modeled $30.3M (est)WarpForge Pty Ltd · Series A Raised $10.2M · modeled $29.2M (est)Envirotech Vehicles, Inc. (this company) Raised $15.6M · modeled $10.6M (est)Envirotech Vehicles, Inc.
CompanyStageRaised · realValue · estvs peer med.
Island Hedley Parent LLCSeries A$13.8M$41.3M2.55×
Salt Lake City Distillery, LlcSeries A$43.3M$37.9M2.34×
Bespoken Spirits Inc.Series A$18.5M$37.3M2.30×
AiTA Bio Inc.Series A$10.0M$35.6M2.19×
C-Motive Technologies, Inc.Series A$26.1M$35.1M2.16×
Hheli. LlcSeries A$11.4M$32.6M2.01×
Brother Justus Whiskey Co.Series A$22.8M$31.4M1.94×
Pallet SPCSeries A$34.4M$31.4M1.93×
Foundry Lab, Inc.Series A$17.7M$31.0M1.91×
JWC Gburg LLCSeries A$9.2M$30.4M1.87×
NALA Membranes, Inc.Series A$14.2M$30.3M1.86×
WarpForge Pty LtdSeries A$10.2M$29.2M1.80×
Envirotech Vehicles, Inc. this companySeries A$15.6M$10.6M0.65×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$160K2012-07-01$889K$2.4M85%
Pre-Seed$300K2015-01-08$1.7M$4.6M85%
Series A$5.8M2020-12-29$26.1M$51.3M90%
Series A$1.2M2024-01-18$5.3M$5.2M90%
Series A$4.4M2024-12-18$19.8M$15.7M90%
Series A$3.9M2026-03-06$17.5M$10.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$160K2012-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$300K2015-01-08
    • Raised again after 30 mo — slower than the ~12 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • Revenue band moved No revenue → $0–$1M.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  3. Series A$5.8M2020-12-29
    • Raised again after 72 mo — slower than the ~12 mo sector norm.
    • Round 19.2× larger than the prior — scaling up.
    • 18 investors on this round.
  4. Series A$1.2M2024-01-18
    • Raised again after 37 mo — slower than the ~12 mo sector norm.
    • Round 4.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Series A$4.4M2024-12-18
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • 1 investor on this round.
  6. Series A$3.9M2026-03-06
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2028 ~Q4
Modeled next raise · ~33mo cadence
$3.9M
Modeled next size est.range $3.9M$6.2M
0.9×
Last step-up
$1.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
John F. Perkowski2 other2020-12
Douglas M Campoli2024-01
Edward Riggs Monfort2012-07
Elgin Tracy2024-12
Franklin Lim2024-12
Gary W. Nettles2020-12
James Larry Reynolds2015-01
Janet L. Boydell2020-12
Jason Maddox2024-12
Kevin Gerd Kanning2015-01
Melissa M Barcellos2024-01
Melissa W. Barcellos2024-12
Merrick Alpert2026-03
Michael Di Pietro2024-12
Michael K. Menerey2020-12
Michael White Di Pietro2024-01
Phillip W. Oldridge2020-12
Richard A. Eckert2020-12
Robert Eugene Williams2015-01
Robert E Williams2012-07
Susan M Emry2024-01
Terri White Elk2024-01
Registry & provenance

Envirotech Vehicles, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1563568
SEC CIK
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Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
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Sustainable Green Team, Ltd.ManufacturingSeed$28.8M83%
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Nimbus Eco, Inc.ManufacturingPre-Seed$2.9M82%
Gryphon Environmental LlcManufacturingSeed$17.1M82%
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Frequently asked
How much funding has Envirotech Vehicles, Inc. raised?
Envirotech Vehicles, Inc. has raised approximately $15.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Envirotech Vehicles, Inc.'s estimated valuation?
Provath's modeled valuation for Envirotech Vehicles, Inc. is approximately $10.6M (modeled range $5.4M–$15.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Envirotech Vehicles, Inc. at?
Envirotech Vehicles, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Mar 06.
What does Envirotech Vehicles, Inc. do and where is it based?
Envirotech Vehicles, Inc. operates in the Manufacturing sector, based in Houston.
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