NVVEOTCMiscellaneous Electrical Machinery, Equipment & SuppliesUS GAAP · USD

Nuvve Holding Corp.

Nuvve Holding Corp. is a U.S.-based green energy technology company focused on vehicle-to-grid (V2G) systems, networked EV charging infrastructure, and software that connects electric vehicles and stationary batteries to the power grid. Its business is organized around the GIVe platform, charging stations, batteries, and related services delivered directly and through joint ventures and other business ventures.

Kysy yhtiöstä
Liikevaihto4,8milj. USD
−9,3 %v/v
Liikevoitto (EBIT)−32,2milj. USD
−57,3 %v/v
EBIT-marginaali−671,3%
−284,2 %-yks.v/v
Nettotulos−30,8milj. USD
−77,2 %v/v
Vapaa kassavirta−16,7milj. USD
−5,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−40−30−20−10010milj. USD2020: 4,2 milj. USD2020: EBIT −4,7 milj. USD20202021: 4,2 milj. USD2021: EBIT −27 milj. USD20212022: 5,4 milj. USD2022: EBIT −37 milj. USD20222023: 8,3 milj. USD2023: EBIT −32 milj. USD20232024: 5,3 milj. USD2024: EBIT −20 milj. USD20242025: 4,8 milj. USD2025: EBIT −32 milj. USD20254,8−32
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Nuvve Holding Corp.

Liiketoiminta

Osuus liikevaihdosta
V2G software and grid services45 %

Software and platform services that aggregate EV and battery capacity for grid services.

Charging infrastructure and batteries30 %

V2G-enabled charging stations, batteries, and related hardware sold or deployed for fleets.

Professional services and integration15 %

Engineering, integration, installation, and support services for OEMs and operators.

Fleet mobility and recurring service fees10 %

Recurring fees tied to fleet vehicle usage and ongoing customer service arrangements.

Tuotteet

Raportoitu · osuus liikevaihdosta
63,5%22,7%11,7%FY2025100 %
  • Products63,5 %
  • Engineering Services22,7 %
  • Grant11,7 %
  • Grid Services2,1 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Nuvve sells to fleet operators, including light-duty and heavy-duty fleets such as school buses, that need charging infrastructure and managed energy services. It also serves automotive manufacturers, charge point operators, and strategic partners that integrate its technology into broader mobility or grid-service deployments. Some projects are supported by government grants or public-sector contracts, which can shape deployment timing and economics.

Fleet operators

Buy charging stations, batteries, software, and support to electrify and manage vehicle fleets.

Automotive OEMs

Integrate Nuvve's V2G technology and may share recurring grid-services revenue.

Charge point operators

Use Nuvve's platform and integration services to deploy and operate charging networks.

Government and public-sector customers

Support EV infrastructure and demonstration projects through contracts or grants.

Strategic venture partners

Participate in joint ventures and special-purpose vehicles for deployment and operations.

Strategia

Nuvve's core strategy is to commercialize its V2G platform by expanding fleet deployments, charging infrastructure, and recurring grid-services revenue. It also uses joint ventures and regional subsidiaries to support project execution, while building a digital asset treasury strategy that sits alongside the operating business. The commercial goal is to shift the mix toward scalable software and recurring services rather than one-off demonstration projects.

Commercialize the GIVe platformLyhyt aikaväli

Recurring software and grid-services revenue can scale better than project-only revenue.

Expand fleet and infrastructure deploymentsKeskipitkä aikaväli

More installed chargers and connected vehicles increase the addressable base for services.

Pursue OEM and charge point operator integrationsKeskipitkä aikaväli

Integrations can create recurring revenue-sharing relationships and wider distribution.

Build digital asset treasury capabilitiesLyhyt aikaväli

Management is adding a non-operating treasury initiative alongside the core energy business.

Maantiede

Q3/2025

Nuvve is headquartered in the United States and its reported customer and project activity is centered on U.S. fleet electrification and grid-service deployments. The company describes its technology as globally available, but the disclosed operating footprint in the excerpts is primarily U.S.-based, including a New Mexico subsidiary and a Fresno infrastructure project. Geography matters because project execution, utility interconnection, and public funding are often local and state-specific.

USA99 %
Tanska1,3 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Nuvve faces execution risk because its business depends on converting backlog into deployed projects, securing customer financing, and scaling commercial adoption of a relatively new V2G model. It also faces financing, listing, and treasury-asset risks, including Nasdaq compliance pressure and volatility from digital asset holdings. Industry risks include technology adoption uncertainty, utility interconnection complexity, and dependence on public incentives and project-level funding.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Nasdaq Capital Market listing compliance1Digital asset price and custody risk4Project execution and partner dependence5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Nasdaq Capital Market listing complianceVaikutus: KorkeaTodennäköisyys: Korkea

    Failure to meet continued listing requirements could lead to delisting and reduced liquidity.

    Kohdistuu: Common stock trading and financing access

  2. Backlog conversion risk on the Fresno EV infrastructure projectVaikutus: Korkea

    A large portion of backlog depends on financing that has not been secured.

    Kohdistuu: Approximately $14.7 million of backlog

  3. Commercialization and adoption riskVaikutus: Korkea

    The company has not yet demonstrated sustained revenue generation from its platform.

    Kohdistuu: Core GIVe software and grid-services model

  4. Digital asset price and custody riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Bitcoin and other digital assets can be highly volatile and depend on third-party custodians.

    Kohdistuu: Treasury holdings and any future crypto strategy

  5. Project execution and partner dependenceVaikutus: KeskitasoTodennäköisyys: Matala

    Joint ventures, OEMs, and charge point operators are needed to deploy and support systems.

    KohdistuuDeep ImpactNuvve New MexicoOEM integrations
Kysy Clarifolta: Nuvve Holding Corp.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition by contract type

Hardware, installation, engineering, and recurring services may be recognized at different times.

Vaikutus: Can shift quarterly revenue and margin mix

Backlog estimation

Backlog reflects expected future revenue but depends on project execution and financing.

Vaikutus: Affects visibility into future revenue

Consolidation of joint ventures and subsidiaries

Entities such as Deep Impact and Nuvve New Mexico may change the scope of consolidation.

Vaikutus: Can alter reported revenue, expenses, and non-controlling interests

Digital asset accounting

Treasury holdings in bitcoin and other digital assets may be measured and disclosed differently from operating assets.

Vaikutus: Can create volatility in reported assets and earnings

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Päivitetty: 24.9.2026

Nuvve Holding Corp. (OTC) – Miscellaneous Electrical Machinery, Equi | Analyysi – Clarifo