Nuvve
Nuvve (NASDAQ: NVVE) operates a vehicle-to-grid platform that aggregates EV fleets and stationary batteries into grid services, serving electric cooperatives, K–12 school districts, government agencies, and commercial fleet operators across the US, Japan, Europe, and Korea via hardware sales, subscriptions, and aggregation fees.
- Company typePublic
- Founded2010
- HeadquartersSan Diego, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Nuvve does
Nuvve Holding Corp. (NASDAQ: NVVE) is a San Diego-based, publicly traded intelligent energy platform company founded in 2010 that develops vehicle-to-grid (V2G) technology, bidirectional charging hardware, and battery energy storage system (BESS) aggregation services. Its core technology is the GIVe (Grid Integrated Vehicle) cloud platform, which orchestrates bidirectional energy flows between EV fleets and the grid, layered with the Astrea AI joint venture (formed with 2021.AI in 2022) for forecasting and dispatch optimization, and supplemented by the FleetBox charge management application for fleet operators. Nuvve also sells proprietary AC Level 2 and DC 60kW V2G chargers.
The company generates revenue through five primary streams: (1) hardware sales of chargers and electric school buses (via its exclusive Blue Bird partnership), (2) recurring grid services revenue from frequency regulation, demand response, and energy arbitrage through aggregated mobile and stationary batteries, (3) engineering and consulting services for fleet electrification, (4) Battery-as-a-Service (BaaS) subscriptions under 10–12 year contracts for electric cooperatives and utilities, and (5) grid-scale BESS project development and aggregation fees (e.g., a 9% fee under the OMNIA Global partnership). Go-to-market combines direct enterprise field sales targeting electric cooperatives, school districts, and government agencies with channel distribution through the Sourcewell cooperative purchasing contract (75,000+ public agencies) and installation partners including WISE EV and Blue Bird. Operations span the US, Japan (Nuvve Japan K.K., targeting FY2026 IPO), Denmark (Nuvve Denmark ApS), South Korea (NuvveVolt JV), Taiwan, Sweden, Austria, and Romania. Recent strategic emphasis has shifted from mobile V2G toward stationary BESS and microgrids following the Fermata Energy acquisition in April 2025 and the 1GW+ OMNIA European pipeline.
Nuvve firmographics
Firmographics- Name
- Nuvve
- Legal name
- Nuvve Holding Corp.
- Website
- https://nuvve.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nuvve (NASDAQ: NVVE) operates a vehicle-to-grid platform that aggregates EV fleets and stationary batteries into grid services, serving electric cooperatives, K–12 school districts, government agencies, and commercial fleet operators across the US, Japan, Europe, and Korea via hardware sales, subscriptions, and aggregation fees.
- Ownership category
- akta.pro rank
Nuvve industry classification
Industry- Product category
- Vehicle-to-Grid Energy Management Software
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- V2G/V2H/V2B Enablement Platforms (Control, Optimization, Dispatch) (EUAFAMAB)
- akta.pro secondary industries
- Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA), Utility & Grid Services Integration for EV Flexibility (DR/DERMS/SCADA Interfaces) (EUAFAMAF)
Keywords
Where Nuvve is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Nuvve business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Products - Charging Stations: Sales of DC and AC bidirectional charging stations for V2G-enabled vehicles. Includes 60kW DC fast chargers and Level 2 AC chargers. Revenue recognition through hardware sales with varying margins depending on product mix.
- Products - Electric School Buses: Sales of electric school buses as part of turnkey fleet electrification programs. Q3 2023 included $1.0 million in school bus sales.
- Grid Services Revenue: Recurring revenue from providing grid services including frequency regulation, demand response, and energy arbitrage through aggregated EV batteries and stationary storage. Q3 2023 generated $0.6 million in grid services revenue.
- Engineering Services: Professional services for fleet electrification consulting, installation design, and project implementation. Q3 2023 generated $0.3 million in engineering services.
- Battery-as-a-Service (BaaS): Subscription-based model for electric cooperatives and load-serving entities. 10-to-12-year service agreements enabling utilities to deploy battery energy storage systems without significant upfront capital investment. Capital expenditure range of $1M to $10M per deployment.
- Battery Project Development and Sales: Development and sale of grid-scale BESS projects including the 2MW/8MWh Mino project in Japan sold for $3.35 million. Revenue from project sales and associated market aggregation services.
- Grid Aggregation Services: Fees for providing market access, optimization across ancillary services and energy trading for BESS projects. Partnership with OMNIA Global generates 9% aggregation fee on all project revenues plus right of first refusal for asset acquisition.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Battery-as-a-Service subscription for utilities/cooperatives |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Nuvve product offering
Product offeringCore offering
Nuvve develops and operates the GIVe (Grid Integrated Vehicle) cloud-based vehicle-to-grid (V2G) software platform that transforms electric vehicle fleets and stationary battery storage systems into aggregated grid resources. The company sells proprietary V2G bidirectional chargers, offers Battery-as-a-Service (BaaS) subscriptions, and provides grid services including frequency regulation, demand response, and energy arbitrage to utilities, electric cooperatives, school districts, and commercial fleet operators.
Differentiator
Problem solved
Functional benefit
Brands
- GIVe (Grid Integrated Vehicle): Nuvve's cloud-based V2G software platform that transforms electric fleets into mobile storage resources.
- FleetBox
- Astrea AI
- NuvveVolt
Products and services
- GIVe (Grid Integrated Vehicle) Platform Cloud-based vehicle-to-grid software platform that transforms electric vehicle fleets into mobile storage resources, enabling flexible suite of V2G, charge management, and grid services for utilities, cooperatives, school districts, and fleet operators.
- FleetBox AI-powered charge management software enabling EV fleet owners to manage routes, battery state of charge, charging status, equipment, and reports.
- V2G Chargers Proprietary V2G chargers including AC Level 2 and DC 60kW bidirectional models with OCPP compatibility and remote monitoring for bidirectional energy flow between EVs and the grid, designed for school buses and commercial fleet electrification.
- Battery-as-a-Service (BaaS) Subscription-based service for electric cooperatives and load-serving entities enabling deployment of battery energy storage systems under 10-12 year service agreements without significant upfront capital investment. Capital expenditure of $1M-$10M per deployment for commercial/industrial to utility-scale systems.
- Astrea AI AI technology joint venture integrating 2021.AI's Grace AI platform with Nuvve's GIVe V2G platform, using machine learning and neural networks for forecasting and optimization models in e-mobility and energy sectors.
- Battery Energy Storage Systems (BESS) Grid-scale stationary battery energy storage systems with aggregation and market access services, providing up to 30% savings on electricity bills and clean back-up power for businesses and electric cooperatives.
- Energy Hubs (Microgrids) Integrated microgrid solutions combining battery storage, electric vehicle charging, and solar panels for businesses producing their own energy, maximizing self-consumption and clean energy autonomy.
- Grid Services (Frequency Regulation, Demand Response, Energy Arbitrage) Recurring revenue from providing grid services including frequency regulation, demand response, and energy arbitrage through aggregated EV batteries and stationary storage assets.
- Electric School Bus Solutions Turnkey electric school bus fleet electrification program including V2G-enabled Blue Bird buses, Nuvve Level II chargers, and FleetBox charge management software for K-12 school districts.
Quantifiable outcome
- Q3 2023 revenue increased 389.9% YoY to $2.7 million
- +5 more outcomes
Companies that use Nuvve
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
Nuvve technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature5 records
Nuvve partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and strategic.
- OMNIA GlobalcorePartnership to develop 1GW+ European BESS pipeline. First project: 50MW/75MWh BESS in Sweden. Nuvve serves as owner, asset manager, and market access provider. Generates 9% aggregation fee on all project revenues plus right of first refusal for asset acquisition.
- Capture Energy ABcoreFramework agreement for BESS deployment across Europe. Initial three projects worth ~$5M for E&B Renewables in Denmark. Capture Energy handles design, installation, commissioning, and 10-year maintenance of liquid-cooled battery storage systems.
- SungrowstrategicBattery technology supplier for Nuvve Japan's grid-scale BESS projects in Mino City and Kani City, Gifu Prefecture.
- E&B RenewablescoreNon-binding MoU for battery storage projects ranging 2MW-100MW across Denmark, Nordic and Baltic countries. Target annual revenues of approximately 2M-3.4M DKK/MW in Denmark.
- Kit Carson Electric CooperativecoreBattery-as-a-Service deployment of two 5MW/20MWh battery systems in northern New Mexico for peak load mitigation and grid resiliency. Nuvve assumes ownership, financing, operations, and maintenance.
- VoltcoreFormation of NuvveVolt joint venture to enter Korea's national-scale ESS market. Plans to participate in 2025 KPX Energy Storage Systems Central Auction with 95MW/570MWh battery project.
- Fermata Energy LLCstrategicAcquired Fermata Energy's net assets in April 2025 for approximately $0.66M to enhance distributed energy resource optimization and broaden V2G offerings.
- WISE EVstrategicPartnership to deploy 100+ high-speed public EV charging stations with V2G technology across high-traffic US locations. Kick-off event held in Las Vegas.
- e-FormulastrategicTaiwan V2G Hub project with e-Formula as project lead and Nuvve as technical project manager. 95 EV project in Hsinchu with Taipower.
- Toyota Tsusho CorporationcorePartnership expansion with Toyota Tsusho and Chubu Electric Power Miraiz for stationary V2G-capable batteries in Japan providing grid services and demand response.
- Chubu Electric Power MiraizcoreJapanese energy retailer scaling participation in Japan's energy market with 30MWh stationary batteries in Chubu area for grid support services.
- Nissin Electric CompanystrategicStationary battery systems from Nissin integrated with Nuvve's GIVe platform for Japanese grid support deployments.
- Blue Bird CorporationcoreExclusive partnership for V2G-enabled electric school bus deployments. Nuvve provides chargers and FleetBox software for Blue Bird electric buses deployed at school districts.
- 2021.AIstrategicJoint venture Astrea AI to integrate 2021.AI's Grace AI platform with Nuvve's V2G platform for advanced forecasting and optimization using machine learning and neural networks.
Scale indicators8 records
Recent moves11 records
Expansion highlights8 records
Nuvve competitors and assessment
Company assessmentDirect peers
- Fermata Energy: Direct V2G software and bidirectional charging competitor for EV fleets, particularly school buses. Acquired by Nuvve in April 2025, validating the technology overlap and making it the closest historical comparable.
- Wallbox: Public EV charging company (NYSE: WBX) offering bidirectional chargers (Quasar) and energy management software for residential and fleet V2G. Directly competes with Nuvve in bidirectional charging hardware and software for fleets.
- Stem Inc: Smart energy storage and AI-driven energy management software provider, now part of AlsoEnergy. Competes with Nuvve's GIVe platform on battery aggregation, optimization, and grid services revenue capture for stationary BESS.
- Fluence Energy: Global grid-scale BESS and software provider (NASDAQ: FLNC) backed by Siemens and AES. Comparable to Nuvve's expanding BESS + aggregation model, particularly through the OMNIA partnership pipeline.
Broad incumbents
- ChargePoint: Large public EV charging network operator (NYSE: CHPT) with software and hardware portfolio across North America and Europe. Broader incumbent competing with Nuvve's charging and fleet management software across the same buyers.
- ABB E-mobility: Major industrial OEM offering DC fast chargers, bidirectional charging solutions, and grid integration services. Competes as a broad incumbent with substantially larger balance sheet and global distribution than Nuvve.
- Siemens eMobility: Division of Siemens offering EV charging infrastructure, smart charging software, and grid integration for utilities and fleets. Broader incumbent across V2G, managed charging, and BESS software.
- Enphase Energy: Public solar-plus-storage company (NASDAQ: ENPH) offering bidirectional EV chargers (IQ Bidirectional) integrated with home battery systems. Competes with Nuvve in residential and small-commercial V2G with much greater scale.
Emerging players
- Noodoe: EV charging management software and operating system provider for AC and DC networks. Emerging player in smart charging cloud software, partially overlapping with Nuvve's GIVe and FleetBox.
Regional players
- Kempower: Finnish DC fast charger manufacturer with growing European footprint and software for fleet charging. Regional player overlapping with Nuvve in European fleet DC charging markets, including via Capture Energy partnerships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Nuvve social profiles
Digital presenceNuvve financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nuvve leadership team
Management profileNumber of profiles
Profiles5 records
Nuvve subsidiaries and ownership
Company hierarchySubsidiaries4 records
Nuvve funding detail
Funding detailFunding overview
Funding rounds13 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nuvve M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nuvve
What does Nuvve do?
Nuvve develops and operates the GIVe (Grid Integrated Vehicle) cloud-based vehicle-to-grid (V2G) software platform that transforms electric vehicle fleets and stationary battery storage systems into aggregated grid resources. The company sells proprietary V2G bidirectional chargers, offers Battery-as-a-Service (BaaS) subscriptions, and provides grid services including frequency regulation, demand response, and energy arbitrage to utilities, electric cooperatives, school districts, and commercial fleet operators.
Is Nuvve a public or private company?
Nuvve is a public company. It is classified as public and is currently operating.
When was Nuvve founded?
Nuvve was founded in 2010. It employs 11 to 50 people.
Where is Nuvve based?
Nuvve is headquartered in San Diego, United States, in the North America region.
How does Nuvve make money?
Seven revenue lines are on record. Products - Charging Stations are the primary driver. The others are products - Electric School Buses, grid Services Revenue, engineering Services, battery-as-a-Service (BaaS), battery Project Development and Sales and grid Aggregation Services.
Who are Nuvve's main competitors?
Direct peers on record are Fermata Energy, Wallbox, Stem Inc and Fluence Energy. Broad incumbents are ChargePoint, ABB E-mobility, Siemens eMobility and Enphase Energy. Noodoe is listed as an emerging player. Kempower is listed as a regional player.
Does Nuvve have an API?
No public API is recorded for Nuvve.
What industry is Nuvve in?
Nuvve's product category is Vehicle-to-Grid Energy Management Software. Its primary akta.pro industry code is EUAFAMAB, V2G/V2H/V2B Enablement Platforms (Control, Optimization, Dispatch), with a secondary code of EUAFAMAA, Managed EV Charging Software (Residential, Fleet, Workplace). Its NAICS code is 2211 and its SIC code is 4991.