Nuvve Holding Corp (OQ:NVVE)

Sector:  Utilities Industry:  Electric Utilities
 
See Regulatory Filings on SEC
Company Contact
Address: 2468 Historic Decatur Road
SAN DIEGO CA 92106
Tel: N/A
Website: https://nuvve.com
IR: See website
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Key People
Ted Smith
President, Chief Operating Officer, Director
Gregory Poilasne
Chief Executive Officer, Director
David G. Robson
Chief Financial Officer
Business Overview
Nuvve Holding Corp. is a green energy technology company. The Company provides commercial vehicle-to-grid (V2G) technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services. The Company's V2G technology enables to link multiple EV batteries into a virtual power plant to provide bi-directional services to the electrical grid. The Company offers its customers networked charging stations, infrastructure, software, professional services, support, monitoring and parts and labor warranties required to run electric vehicle fleets. Its customers and partners include owner/operators of light duty fleets, heavy duty fleets, automotive manufacturers, charge point operators, and strategic partners. The Company also operates a small number of charging stations serving as demonstration projects funded by government grants. Its platform dynamically manages power to and from EVs and the grid at scale.
Financial Overview
For the fiscal year ended 31 December 2023, Nuvve Holding Corp revenues increased 55% to $8.3M. Net loss applicable to common stockholders increased 29% to $32.2M. Revenues reflect Products segment increase of 42% to $5.8M, Services segment increase of 69% to $1.3M, United States segment increase of 62% to $7.9M, Denmark segment increase of 30% to $441K. Higher net loss reflects Change in fair value of warrants liabili decrease of 98% to $216K
Employees: 47 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $6.84M as of Dec 31, 2023
Annual revenue (TTM): $8.33M as of Dec 31, 2023
EBITDA (TTM): -$31.70M as of Dec 31, 2023
Net annual income (TTM): -$32.22M as of Dec 31, 2023
Free cash flow (TTM): -$21.44M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 6,069,914 as of Mar 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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