On February 24, 2025, Envirotech Vehicles Inc entered into a supplemental agreement with YA II PN, Ltd to receive $5 million in two tranches, with the first tranche of $3 million already disbursed, and the second tranche contingent on stockholder approval; the company has a cash balance of approximately $3 million and a monthly burn rate of $600,000 as of February 5, 2025.