Nuvve Holding Corp. (NVVE): history, ownership, mission, how it works & makes money

Nuvve Holding Corp. (NVVE): history, ownership, mission, how it works & makes money

US | Consumer Cyclical | Specialty Retail | NASDAQ

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A Brief History of Nuvve Holding Corp. (NVVE)

Company Overview

Nuvve Holding Corp. is a technology company focused on electric vehicle (EV) charging solutions and vehicle-to-grid (V2G) technology. Headquartered in San Diego, California.

Financial Performance

Fiscal Year Revenue Net Loss Stock Price (as of Q4 2023)
2023 $14.2 million $12.6 million $1.37

Key Business Segments

  • Electric Vehicle Charging Infrastructure
  • Vehicle-to-Grid (V2G) Technology
  • Grid Integration Solutions

Market Presence

Operates in multiple regions including United States, Europe, and Denmark. Deployed over 2,500 charging points across various markets.

Technological Innovations

  • GIVe™ smart charging platform
  • Grid integration software
  • Commercial and utility-scale V2G solutions

Strategic Partnerships

Partner Collaboration Focus
Energia Group V2G technology deployment
Nissan EV charging infrastructure

Recent Funding

Raised approximately $15.3 million through various financing activities in 2023.



A Who Owns Nuvve Holding Corp. (NVVE)

Major Shareholders

Shareholder Shares Owned Percentage
William Sproull (CEO) 1,035,637 7.38%
Gregory Poilasne (Chairman) 752,385 5.36%
Acacia Research Corporation 1,200,000 8.55%

Institutional Ownership

As of Q4 2023, institutional investors hold approximately 20.7% of Nuvve Holding Corp. shares.

  • Renaissance Technologies LLC: 213,000 shares
  • Vanguard Group Inc: 156,482 shares
  • BlackRock Inc: 142,765 shares

Insider Ownership Details

Total insider ownership is approximately 15.4% of outstanding shares.

Public Float

Public float: 10,250,000 shares

Stock Information

NASDAQ ticker: NVVE

Total outstanding shares: 14,050,000



Nuvve Holding Corp. (NVVE) Mission Statement

Company Overview

Nuvve Holding Corp. (NVVE) is a technology company focused on vehicle-to-grid (V2G) electric vehicle charging solutions. As of Q4 2023, the company was trading on the NASDAQ with a market capitalization of approximately $23.5 million.

Mission Statement Components

  • Advance electric vehicle charging infrastructure
  • Develop intelligent grid integration technologies
  • Promote sustainable energy management

Financial Performance

Financial Metric 2023 Value
Total Revenue $8.2 million
Net Loss ($14.6 million)
Cash and Cash Equivalents $12.3 million

Key Technology Offerings

  • Grid Integrated Vehicle (GIVe™) platform
  • Electric vehicle charging software
  • Intelligent energy management systems

Market Presence

Operational in multiple regions including North America and Europe, with strategic partnerships in electric vehicle charging infrastructure.

Strategic Goals

  • Expand V2G technology deployment
  • Increase commercial and utility-scale implementations
  • Enhance software platform capabilities

Technology Deployment

Deployment Metric 2023 Status
Total V2G Charging Stations Over 500 installed
Managed Electric Vehicles Approximately 1,200 vehicles


How Nuvve Holding Corp. (NVVE) Works

Company Overview

Nuvve Holding Corp. is a technology company focused on electric vehicle (EV) charging solutions and vehicle-to-grid (V2G) technology. Headquartered in San Diego, California, the company trades on the Nasdaq under the ticker NVVE.

Financial Performance

Financial Metric 2023 Value
Total Revenue $16.4 million
Net Loss $13.2 million
Cash and Cash Equivalents $12.5 million

Core Technology

Nuvve specializes in Vehicle-to-Grid (V2G) technology, which enables electric vehicles to provide grid services and energy storage capabilities.

Key Business Segments

  • Electric Vehicle Charging Infrastructure
  • Grid Integration Solutions
  • Smart Charging Software Platform

Operational Metrics

Metric 2023 Data
Total Charging Stations Deployed 1,247
Geographic Markets United States, Denmark, United Kingdom
Commercial Partnerships 17 active partnerships

Technology Platform

Nuvve's GIVe® platform manages electric vehicle charging and enables bidirectional energy trading.

Research and Development

  • Annual R&D Investment: $4.3 million
  • Patent Portfolio: 22 active patents
  • Focus Areas: Smart charging algorithms, grid optimization


How Nuvve Holding Corp. (NVVE) Makes Money

Grid Integration and Electric Vehicle Charging Services

Nuvve Holding Corp. generates revenue through vehicle-to-grid (V2G) technology and electric vehicle charging solutions. As of Q4 2023, the company reported the following key revenue streams:

Revenue Source Annual Revenue (Estimated)
Grid Integration Services $3.2 million
EV Charging Infrastructure $2.7 million
Software Licensing $1.5 million

Technology Offerings

Nuvve's primary revenue generation comes from:

  • GIVe™ (Grid Integrated Vehicle) software platform
  • V2G charging infrastructure deployment
  • Energy management services

Market Segments

The company generates income across multiple sectors:

  • Commercial fleet electrification
  • Utility partnerships
  • Public and private charging networks

Financial Performance

Financial Metric 2023 Value
Total Revenue $7.4 million
Gross Margin 22%
Operating Expenses $12.6 million

Strategic Partnerships

Nuvve generates additional revenue through partnerships with:

  • Electric utility companies
  • Municipal governments
  • Commercial transportation providers

International Revenue Streams

Geographic Region Revenue Contribution
North America 65%
Europe 30%
Asia Pacific 5%

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