Nuvve

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.

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

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

• Vehicle-to-grid technology
• Battery energy storage
• Fleet electrification
• Grid services software
• Smart charging platform

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. Engineering Services: Professional services for fleet electrification consulting, installation design, and project implementation. Q3 2023 generated $0.3 million in engineering services.
5. 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.
6. 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.
7. 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

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

14 partnerships are on record, tiered core and strategic.

• OMNIA GlobalcoreStrategic or Co-development Partner · 6 March 2026Partnership 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 ABcoreTechnology or Integration · 26 January 2026Framework 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.
• SungrowstrategicTechnology or Integration · 6 January 2026Battery technology supplier for Nuvve Japan's grid-scale BESS projects in Mino City and Kani City, Gifu Prefecture.
• E&B RenewablescoreStrategic or Co-development Partner · 23 December 2025Non-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 CooperativecoreStrategic or Co-development Partner · 18 December 2025Battery-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.
• VoltcoreStrategic or Co-development Partner · 10 December 2025Formation 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 LLCstrategicTechnology or Integration · 1 April 2025Acquired Fermata Energy's net assets in April 2025 for approximately $0.66M to enhance distributed energy resource optimization and broaden V2G offerings.
• WISE EVstrategicChannel Partner/ Reseller/ Distributor · 15 August 2024Partnership 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-FormulastrategicStrategic or Co-development Partner · 30 January 2024Taiwan V2G Hub project with e-Formula as project lead and Nuvve as technical project manager. 95 EV project in Hsinchu with Taipower.
• Toyota Tsusho CorporationcoreStrategic or Co-development Partner · 12 December 2023Partnership 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 MiraizcoreStrategic or Co-development Partner · 12 December 2023Japanese energy retailer scaling participation in Japan's energy market with 30MWh stationary batteries in Chubu area for grid support services.
• Nissin Electric CompanystrategicTechnology or Integration · 12 December 2023Stationary battery systems from Nissin integrated with Nuvve's GIVe platform for Japanese grid support deployments.
• Blue Bird CorporationcoreStrategic or Co-development Partner · 25 October 2023Exclusive partnership for V2G-enabled electric school bus deployments. Nuvve provides chargers and FleetBox software for Blue Bird electric buses deployed at school districts.
• 2021.AIstrategicTechnology or Integration · 17 February 2022Joint 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

Direct 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

• Xx.com/nuvvecorp
• YouTubeyoutube.com/@nuvveholdingcorporation6330/featured
• LinkedInlinkedin.com/company/nuvve
• Instagraminstagram.com/nuvvecorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds13 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nuvve