Latest news with #GregoryPoilasne
Business Wire
11-07-2025
- Business
- Business Wire
Nuvve Holding Corp. Announces Pricing of Public Offering of Common Stock to Launch HYPE Treasury Strategy
SAN DIEGO--(BUSINESS WIRE)--Nuvve Holding Corp. (Nasdaq: NVVE) (the 'Company' or 'Nuvve'), a global leader in vehicle-to-grid (V2G) technology and grid modernization, today announced the pricing of its previously announced underwritten public offering of 5,029,403 shares of its common stock (or common stock equivalents) at a public offering price of $0.95 per share for expected gross proceeds of approximately $4.8 million before deducting underwriting discounts and commissions and offering expenses. The Company intends to use a portion of the net proceeds from this offering for advancing its expansion of its corporate treasury strategy to include HYPE, the native token of Hyperliquid, a fast-growing decentralized exchange (DEX) and Layer-1 blockchain. 'We see Hyperliquid as a standout in today's DeFi landscape, combining deep liquidity, rapid innovation, and a growing user base,' said Gregory Poilasne, CEO of Nuvve. 'This allocation aligns with our previously announced commitment to pursuing a cryptocurrency strategy and our conviction that digital infrastructure, like blockchain and tokenized platforms, will increasingly power the energy and financial systems of tomorrow.' The purchase of HYPE is expected to be made through the Company's previously announced digital asset subsidiary, in line with its previously disclosed digital treasury strategy of allocating up to 50% of its cryptocurrency portfolio to digital assets as determined by management. 'Hyperliquid's HYPE token stands out as a game-changer in DeFi in our view,' said James Altucher, Board member of Nuvve and previously announced strategic advisor to Nuvve in relation to the Company's crypto treasury strategy. 'It's one of the fastest growing Layer-1 blockchains, and we believe its significant trading volume demonstrates a robust platform that prioritizes community and real utility, making it a cornerstone for the future of crypto and decentralized finance.' 'Our move to incorporate HYPE into our digital treasury strategy is part of our ongoing strategic commitment to financial and energy innovation,' added Poilasne. 'We believe Hyperliquid has the potential to become a foundational platform in tomorrow's decentralized economy, one that aligns with our vision for a cleaner, smarter, and more resilient future.' Lucid Capital Markets is acting as the sole book-running manager for the offering. All of the shares of common stock to be sold in the offering will be sold by the Company. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 754,411 shares of its common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about July 14, 2025, subject to customary closing conditions. The Company intends to use net proceeds from this offering for working capital and general corporate purposes, which may include without limitation, strategic investments, mergers and acquisitions of companies, business or assets; acquisitions of cryptocurrencies; the development and implementation of its digital asset treasury strategy; and for general working capital and operational expenditures. The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-288394) filed with the Securities and Exchange Commission ('SEC') on June 27, 2025, and declared effective by the SEC on July 7, 2025. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC's website at A final prospectus supplement will be filed with the SEC. Copies of the final prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Nuvve Holding Corp. Nuvve Holding Corp. is a global leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. Nuvve's platform enables electric vehicles to store and discharge energy, transforming EVs into mobile energy resources and helping to stabilize the grid. Nuvve's mission is to lower the cost of EV ownership while supporting the transition to a cleaner, more resilient energy infrastructure. Forward-Looking Statements: This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as 'may,' 'will,' 'expects,' 'believes,' 'aims,' 'anticipates,' 'plans,' 'looking forward to,' 'estimates,' 'projects,' 'assumes,' 'guides,' 'targets,' 'forecasts,' 'continue,' 'seeks' or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements regarding Nuvve's anticipated public offering, including the completion of the public offering on the anticipated terms and the use of proceeds therefrom, expected timing of recently announced projects, anticipated growth of various business areas, anticipated benefits of its digital treasury strategy, the potential benefits from including HYPE in such policy, and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve's most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve's filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release.
Business Wire
15-05-2025
- Business
- Business Wire
Nuvve Provides First Quarter 2025 Financial Update
SAN DIEGO--(BUSINESS WIRE)--Nuvve Holding Corp. ('Nuvve', 'we', the 'Company') (Nasdaq: NVVE), a green energy technology company that provides a globally-available, 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 provides other grid services, today provided a first quarter 2025 update. First Quarter Highlights and Recent Developments Total revenue increased by 19.8% to $0.9 million in the first quarter of 2025 compared to the first quarter of 2024 Operating expenses excluding cost of sales reduced by 20.7% to $6.0 million in the first quarter 2025 compared to the first quarter 2024 Operating losses decreased by 22.9% to $5.6 million in the first quarter 2025 compared to the first quarter 2024 Increased megawatts under management by 3.6% to 31.8 megawatts as of March 31, 2025 from 30.7 megawatts as of December 31, 2024 We raised approximately $5.3 million in gross proceeds through debt obligations, private placement offerings, registered direct offerings, and exercise of warrants to purchase shares of common stock during the first quarter of 2025 to support our operations and growth initiatives. Cash and cash equivalents as of March 31, 2025 was $1.2 million. Management Discussion Gregory Poilasne, Chief Executive Officer of Nuvve, said, 'Though the sales numbers are not yet reflecting it for different reasons, the transformation we have been undertaking since last year is coming together. We are also very excited about the possibility of future business expansion through potential merger and acquisition activities like our recent acquisition of Fermata. We look forward to sharing more details on the execution of our merger and acquisition strategy as it unfolds.' 2025 First Quarter Financial Review Total revenue was $0.93 million for the three months ended March 31, 2025, compared to $0.78 million for the three months ended March 31, 2024, an increase of $0.15 million, or 19.8%. The increase was primarily attributable to a $0.09 million modest increase in products revenue due to higher customers sales orders and shipments, increase in services revenue $0.05 million, and increase in grants of $0.02 million. Products and services revenue for the three months ended March 31, 2025, consisted of DC and AC Chargers of $0.57 million, grid services revenue of $0.05 million, and engineering services of $0.22 million driven by management fees of $0.18 million earned related to Fresno V2G infrastructure project management. Cost of products and services revenue for the three months ended March 31, 2025, increased by $0.05 million to $0.6 million, or 10.2% compared to $0.5 million for the three months ended March 31, 2024 due to higher customers sales orders and shipments. Products and services margin increased by 5.8% to 32.6% for the three months ended March 31, 2025, compared to 26.8% in the same prior year period. Margin benefited from a lower mix of hardware charging stations' sales and a higher mix of engineering services in the first quarter of 2025 compared with the first quarter of 2024. Selling, general and administrative expenses consist of selling, marketing, advertising, payroll, administrative, legal, finance, and professional expenses. Selling, general and administrative expenses were $5.1 million for the three months ended March 31, 2025, as compared to $5.9 million for the three months ended March 31, 2024, a decrease of $0.9 million, or 14.4%. The decrease during the three months ended March 31, 2025 was primarily attributable to decreases in compensation expenses of $1.4 million, including share-based compensation, decreases in public company related costs of $0.2 million, decreases in office related expenses of $0.3 million, partially offset by increases in legal fees expenses of $0.8 million and increases in travel and marketing/promotions related expenses of $0.2 million. Research and development expenses decreased by $0.7 million, or 44.4%, from $1.6 million for the three months ended March 31, 2024 to $0.9 million for the three months ended March 31, 2025. The decrease during the three months ended March 31, 2025 was primarily attributable to decreases in compensation expenses and subcontractor expenses used to advance our platform functionality and integration with more vehicles. Other income, net consists primarily of interest expense, change in fair value of convertible notes, change in fair value of warrants liability and derivative liability, and other income (expense). Other income, net decreased by $1.81 million from $0.52 million of other income for the three months ended March 31, 2024, to $1.29 million in other expenses for the three months ended March 31, 2025. The decrease during the three months ended March 31, 2025 was primarily attributable to the change in fair values of the convertible notes and warrants liability, partially offset by increases in sublease income related to the subleasing of part of our main office space and interest expense on debt obligations. Net loss increased by $0.1 million, or 2.2%, from $6.7 million for the three months ended March 31, 2024, to $6.9 million for the three months ended March 31, 2025. The increase in net loss was primarily due to decrease in other income of $1.8 million, and decrease in operating expenses of $1.5 million, which includes an increase in cost of products and services of $0.1 million, and a increase in revenue of $0.15 million, for the above aforementioned reasons. Net Income (Loss) Attributable to Non-Controlling Interest Net loss attributable to non-controlling interest was $0.01 million for the three months ended March 31, 2025 compared to net income attributable to non-controlling interest of $0.01 million for the three months ended March 31, 2024. Net loss is allocated to non-controlling interests in proportion to the relative ownership interests of the holders of non- controlling interests in Deep Impact entity. We own 51% of Deep Impact common units during the three months ended March 31, 2025. We had determined that Deep Impact is a variable interest entity ('VIE') in which we are the primary beneficiary. Accordingly, we consolidated Deep Impact, and recorded a non-controlling interest for the share of Deep Impact owned by other parties during the three months ended March 31, 2025. Megawatts Under Management Megawatts under management refers to the potential available charging capacity Nuvve is currently managing around the world. Conference Call Details The Company will hold a conference call to review its financial results for the first quarter of 2025, along with other Company developments, at 5:00 PM Eastern Time (2:00 PM PT) today, Thursday, May 15, 2025. To participate, please register for and listen via a live webcast, which is available in the 'Events' section under the 'News & Events' tab of Nuvve's investor relations website at In addition, a replay of the call will be made available for future access. About Nuvve Holding Corp. Nuvve Holding Corp. (Nasdaq: NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world's most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, California, and can be found online at Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the European Union. Any other trademarks or trade names mentioned are the property of their respective owners. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as "may," "will," "expects," "believes," "aims," "anticipates," "plans," "looking forward to," "estimates," "projects," "assumes," "guides," "targets," "forecasts," "continue," "seeks" or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements concerning Nuvve's expectations, plans, intentions, strategies, prospects, business plans, product and service offerings, new deployments, potential project successes, expected timing of recently announced projects, anticipated growth of various business areas and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve's most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). Copies of these filings are available online at or on request from Nuvve. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve's filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release. NUVVE HOLDING CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, 2025 December 31, 2024 Assets Current assets Cash $ 1,189,577 $ 371,497 Restricted cash 320,000 320,000 Accounts receivable, net 1,485,842 2,148,198 Inventories 4,146,214 4,591,902 Prepaid expenses 858,862 494,986 Deferred costs - current 640,383 417,290 Other current assets 459,630 931,244 Total current assets 9,100,508 9,275,117 Property and equipment, net 588,424 613,958 Intangible assets, net 1,027,906 1,062,766 Investment in equity securities 670,951 670,951 Investment in leases 100,588 101,415 Right-of-use operating lease assets 4,359,362 4,493,360 Deferred costs - noncurrent 589,166 564,558 Security deposit, long-term 40,506 15,687 Total assets $ 16,477,411 $ 16,797,812 Liabilities and Equity Current liabilities Accounts payable $ 2,189,013 $ 1,882,357 Accrued expenses 4,798,163 3,393,205 Deferred revenue - current 1,041,601 506,496 Debt - term loan 1,662,500 1,609,928 Due to related party - promissory notes - current 26,407 562,241 Convertible notes - current 1,559,932 2,475,162 Operating lease liabilities - current 931,128 914,800 Other liabilities 146,510 6,969 Total current liabilities 12,355,254 11,351,158 Operating lease liabilities - noncurrent 4,109,738 4,254,173 Due to related party - promissory notes - noncurrent 1,106,500 840,500 Convertible notes - noncurrent 492,703 — Deferred revenue - noncurrent 556,854 771,747 Warrants/investment rights liability 930,249 699,087 Other long-term liabilities 167,919 170,794 Total liabilities 19,719,217 18,087,459 Commitments and Contingencies Mezzanine equity Redeemable non-controlling interests, preferred shares, zero par value, 1,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2025 and — shares issued and outstanding at December 31, 2024; aggregate liquidation preference of $0 and $3,750,201 at March 31, 2025 and December 31, 2024, respectively — — Class D Incentive units, zero par value, 1,000,000 units authorized; zero units issued and outstanding at March 31, 2025 and zero units issued and outstanding at December 31, 2024, respectively — — Stockholders' equity Preferred stock, $0.0001 par value, 1,000,000 shares authorized; zero shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively — — Expand Common stock, $0.0001 par value, 200,000,000 shares authorized; 3,116,368 and 904,949 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 6,629 6,408 Treasury stock, at cost, 1,680 shares outstanding at March 31, 2025; 1,680 shares outstanding at December 31, 2024 — — Additional paid-in capital 169,211,321 164,285,336 Accumulated other comprehensive income 46,730 46,494 Accumulated deficit (172,472,079 ) (165,599,076 ) Nuvve Holding Corp. Stockholders' deficit (3,207,399 ) (1,260,838 ) Non-controlling interests (34,407 ) (28,809 ) Total stockholders' deficit (3,241,806 ) (1,289,647 ) Total deficit (3,241,806 ) (1,289,647 ) Total Liabilities and Equity $ 16,477,411 $ 16,797,812 Expand NUVVE HOLDING CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, 2025 2024 Revenue Products $ 565,551 $ 476,469 Services 267,304 219,871 Grants 101,449 83,416 Total revenue 934,304 779,756 Operating expenses Cost of products 493,215 336,672 Cost of services 68,029 172,772 Selling, general, and administrative 5,075,902 5,928,110 Research and development 883,772 1,589,577 Total operating expenses 6,520,918 8,027,131 Operating loss (5,586,614 ) (7,247,375 ) Other income (expense) Interest (expense) income, net (535,817 ) 9,012 Change in fair value of convertible notes (1,091,006 ) — Change in fair value of warrants/investment rights liability (124,618 ) 727,662 Change in fair value of derivative liability — (11,533 ) Other, net 459,454 (206,503 ) Total other income (expense), net (1,291,987 ) 518,638 Loss before taxes (6,878,601 ) (6,728,737 ) Income tax expense — — Net loss $ (6,878,601 ) $ (6,728,737 ) Less: Net loss attributable to non-controlling interests (5,598 ) (14,299 ) Net loss attributable to Nuvve Holding Corp. $ (6,873,003 ) $ (6,714,438 ) Less: Preferred dividends on redeemable non-controlling interests — 75,004 Less: Accretion on redeemable non-controlling interests preferred shares — 161,466 Net loss attributable to Nuvve Holding Corp. common stockholders $ (6,873,003 ) $ (6,950,908 ) Net loss per share attributable to Nuvve Holding Corp. common stockholders, basic and diluted $ (3.88 ) $ (16.89 ) Weighted-average shares used in computing net loss per share attributable to Nuvve Holding Corp. common stockholders, basic and diluted 1,772,214 411,443 Expand NUVVE HOLDING CORP AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) Three Months Ended March 31, 2025 2024 Net loss $ (6,878,601 ) $ (6,728,737 ) Other comprehensive (loss) income, net of taxes Foreign currency translation adjustments, net of taxes $ 236 $ (13,651 ) Total comprehensive loss $ (6,878,365 ) $ (6,742,388 ) Less: Comprehensive loss attributable to non-controlling interests $ (5,598 ) $ (14,299 ) Comprehensive loss attributable to Nuvve Holding Corp. $ (6,872,767 ) $ (6,728,089 ) Less: Preferred dividends on redeemable non-controlling interests $ — $ (75,004 ) Less: Accretion on redeemable non-controlling interests preferred shares — (161,466 ) Comprehensive loss attributable to Nuvve Holding Corp. common stockholders $ (6,872,767 ) $ (6,491,619 ) Expand NUVVE HOLDING CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Three Months Ended March 31, 2025 2024 Operating activities Net loss $ (6,878,601 ) $ (6,728,737 ) Adjustments to reconcile to net loss to net cash used in operating activities Depreciation and amortization 72,677 86,656 Stock-based compensation 554,659 877,782 Amortization of discount on debt and promissory notes 61,326 — Change in fair value of warrants liability 124,618 (727,662 ) Change in fair value of convertible notes 1,091,006 — Change in fair value of derivative liability — 11,533 Loss on warrants issuance — 305,065 Noncash lease expense 111,059 126,178 Change in operating assets and liabilities Accounts receivable 606,037 443,875 Inventory 204,841 (193,180 ) Prepaid expenses and other assets 210,137 732,925 Accounts payable 306,656 (215,495 ) Accrued expenses and other liabilities 1,405,765 504,357 Deferred revenue 321,039 52,123 Net cash used in operating activities (1,808,781 ) (4,724,580 ) Investing activities Purchase of property and equipment (12,284 ) (40,907 ) Net cash used in investing activities (12,284 ) (40,907 ) Financing activities Proceeds from exercise of warrants 854,096 — Proceeds from debt and promissory notes obligations 3,273,524 — Repayment of debt and promissory notes obligations (2,069,579 ) — Proceeds from common stock offering, net of issuance costs 564,847 8,516,741 Payment of finance lease obligations (2,855 ) (2,888 ) Net cash provided in financing activities 2,620,033 8,513,853 Effect of exchange rate on cash 19,112 5 Net increase in cash and restricted cash 818,080 3,748,371 Cash and restricted cash at beginning of year 691,497 2,014,660 Cash and restricted cash at end of period $ 1,509,577 $ 5,763,031 Supplemental Disclosure of cash information: Cash paid for interest $ 490,462 $ — Expand
Business Wire
09-05-2025
- Business
- Business Wire
Nuvve Engages Crypto Venture Group to Accelerate Digital Asset Strategy
SAN DIEGO--(BUSINESS WIRE)-- Nuvve Holding Corp. (NASDAQ: NVVE), a global leader in vehicle-to-grid (V2G) technology and grid modernization, today announced it has engaged multiple leading digital asset advisory consultants, to accelerate the growth of its newly formed subsidiary, Nuvve-DigitalAssets. The consultants will advise Nuvve on the strategic development of its digital asset portfolio, providing expertise in token selection, decentralized infrastructure opportunities, risk management, and regulatory alignment. Their role will be central to building a sophisticated, high-growth digital treasury as part of Nuvve's broader plan to create long-term shareholder value through blockchain innovation. 'This is a core strategic initiative requiring focus and expertise,' said Gregory Poilasne, CEO and co-founder of Nuvve. 'The selection of these consultants ensures that Nuvve-DigitalAssets is built on insight, discipline, and conviction. This is how we win in the next era of finance.' The engagement comes on the heels of Nuvve's recent launch of Nuvve-DigitalAssets, a wholly owned subsidiary created to capitalize on opportunities across the cryptocurrency and blockchain economy. The subsidiary's investment strategy will focus on the foundational assets of the next-generation financial system. While we acknowledge the importance of Bitcoin, Solana, and Ethereum, the subsidiary will target multiple picks-and-shovels tokens from high-growth sectors such as decentralized finance (DeFi), decentralized physical infrastructure (DePin), programming, and the tokenization of real-world assets (RWAs). To ensure strong oversight and execution, Nuvve is forming a Digital Asset Management Portfolio Committee to govern investment decisions. The committee will be chaired by James Altucher, a renowned crypto investor and early Bitcoin advocate; with the support of Tim Collins, veteran financial commentator, known for his deep insights into public markets and crypto asset dynamics, as well as Gregory Poilasne, Nuvve CEO. 'The companies that thrive in this new economy will be the ones who understand where finance is going and have the courage to move early,' said Altucher. 'Nuvve is doing both with the right team and a clear strategy.' 'I've followed disruptive financial trends for decades,' added Collins. 'The convergence of blockchain, decentralized markets, and traditional financial systems isn't years away, it's happening now. I look forward to guiding this strategy at a company with the courage to lead.' Nuvve will maintain transparency with shareholders through regular updates on digital asset holdings and allocation strategy via the Nuvve-DigitalAssets platform. The company's entry into the crypto economy is not just about diversification; it's about long-term leadership at the intersection of clean energy and digital finance. About Nuvve Holding Corp. Nuvve Holding Corp. (NASDAQ: NVVE) is a global leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. Nuvve's platform enables electric vehicles to store and discharge energy, transforming EVs into mobile energy resources and helping to stabilize the grid. Nuvve's mission is to lower the cost of EV ownership while supporting the transition to a cleaner, more resilient energy infrastructure. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as 'may,' 'will,' 'expects,' 'believes,' 'aims,' 'anticipates,' 'plans,' 'looking forward to,' 'estimates,' 'projects,' 'assumes,' 'guides,' 'targets,' 'forecasts,' 'continue,' 'seeks' or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements concerning Nuvve's expectations, plans, intentions, strategies, prospects, business plans, product and service offerings, new deployments, potential project successes, expected timing of recently announced projects, anticipated growth of various business areas and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve's most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). Copies of these filings are available online at or on request from Nuvve. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve's filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release. For more information, visit
Yahoo
30-04-2025
- Automotive
- Yahoo
Nuvve acquires Fermata Energy assets to strengthen V2G capabilities
Nuvve Holding, a vehicle-to-grid (V2G) technology provider, has acquired the majority of assets from Fermata Energy, a US-based V2G platform company. The acquisition was carried out through a newly formed Nuvve subsidiary, Fermata Energy II, which will focus on scaling bidirectional energy solutions. The total transaction is valued at approximately $659,000, comprising around $340,000 in cash and the remainder in assumed liabilities. Additionally, Fermata Energy II issued 4.9 million shares of convertible preferred stock to former debt holders of Fermata Energy. Leadership of the new entity will be shared between Nuvve CEO Gregory Poilasne and Hamza Lemsaddek, who will serve as chief operating officer. Poilasne said: "By acquiring Fermata's assets, we're creating the leading platform to fully realize V2G's potential. Together, we accelerate the energy transition by making EVs integral to energy security and grid resiliency." Several former Fermata Energy employees will also join the new venture, bringing experience in V2G technology, software development, regulatory engagement, and business operations. The acquisition includes the consolidation of software platform teams and cloud infrastructure, with projected annual cost savings of approximately $2m. Fermata Energy II will develop white-label software solutions that integrate forecasting and optimisation features from Fermata with Nuvve's AI-based grid management tools. The combined entity aims to serve both electric vehicle fleet operators and utility companies with enhanced energy management capabilities, including predictive charging and load balancing services. The acquisition also brings together hardware partnerships, strengthening Nuvve's domestic manufacturing footprint. Fermata Energy founder and chairman David Slutzky added: "This partnership ensures continuity for our technology and our mission. Nuvve brings the scale, complementary capabilities, and vision to amplify Fermata's impact. I'm proud of what we've built and excited about what's ahead." This move aligns with evolving regulatory incentives, including provisions under the Inflation Reduction Act and state-level energy transition programmes, potentially broadening the market for V2G applications. Lemsaddek added: "This assets acquisition is about unifying capabilities and accelerating the deployment of intelligent, bidirectional energy solutions. We're building an end-to-end platform that empowers fleets, utilities, and OEMs to participate in the energy transition more effectively and more profitably.' Last month, Nuvve has established a new company named NUVVE Japan for its international operations. "Nuvve acquires Fermata Energy assets to strengthen V2G capabilities" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Globe and Mail
30-04-2025
- Business
- Globe and Mail
This is Why Companies are Diversifying with Cryptocurrencies, Like Bitcoin
At the moment, about 79 public companies are diversifying with cryptocurrencies, like Bitcoin. That includes Nuvve Holding Corp. (NASDAQ: NVVE), Block Inc. (NYSE: XYZ), Strategy (NASDAQ: MSTR) Upexi Inc. (NASDAQ: UPXI) and Tesla (NASDAQ: TSLA). Here's why. For one, according to Gracy Chen, CEO of the cryptocurrency exchange, Bitget, as noted by Business Insider, 'Bitcoin has gained a reputation as a hedge against inflation and economic crises, which could be attractive to companies as the world grows more volatile. The argument is emerging more and more — recently, a think tank pushed for Microsoft to consider buying Bitcoin for this reason, with a similar proposal being floated to Amazon shareholders.' Two, according to Nuvve co-founder and CEO Gregory Poilasne, 'Bitcoin is no longer an experiment. It is an unstoppable force, and we will not sit on the sidelines while the next financial revolution unfolds. Companies that have leveraged Bitcoin and crypto early are winning, and we plan to be one of them.' 'Anchoring our portfolio with Bitcoin gives us a solid foundation, but we're moving beyond that, investing opportunistically into a new wave of digital assets with massive upside potential that represent the future of global financial markets. With a supportive political environment and Wall Street waking up to the opportunity, now is the time to act,' he added. To Help, Nuvve (NASDAQ: NVVE) Appointed James Altucher to Advise Its New Strategy Nuvve Holding Corp., a global leader in grid modernization and vehicle-to-grid (V2G) technology, today announced the appointment of James Altucher, a well-known cryptocurrency expert, venture capitalist, and best-selling author, to advise the Company's newly launched digital asset strategy and its wholly owned subsidiary, Nuvve-DigitalAssets. "Engaging a seasoned consultant like James Altucher will enhance strategic decision-making and provide insights beyond the daily reach of current management," said Gregory Poilasne, CEO of Nuvve. "The financial system is transforming rapidly alongside the cryptocurrency industry. James' deep expertise strengthens our ambitious entry into this space through Nuvve-DigitalAssets.' Altucher will work closely with leadership to shape Nuvve's long-term approach to building a diversified digital treasury and pursuing accretive M&A opportunities in the cryptocurrency space. His appointment supports the company's commitment to positioning Nuvve-DigitalAssets as a high-growth vehicle within the broader blockchain and Web3 economy. Altucher will advise on both portfolio construction and venture investments within the crypto sector, guiding Nuvve-DigitalAssets in identifying high-potential tokens and strategic acquisition targets aligned with key blockchain infrastructure. The company's crypto strategy will emphasize allocation to foundational assets such as Bitcoin and Ethereum, while also diversifying across high-growth sectors including Decentralized Finance (DeFi), Decentralized Physical Infrastructure (DePin), and the Tokenization of real-world assets. Targeted tokens in the portfolio include Aave, Chainlink, Render, Uniswap, and others that serve as the backbone of the evolving blockchain economy. "The financial world is quickly evolving, with crypto tokens central to a new blockchain-driven digital economy," said Altucher. "Nuvve is at the forefront, and I look forward to shaping a diverse digital treasury strategy while supporting M&A decisions that add long-term value to both the company and its crypto holdings." Altucher's appointment comes just days after Nuvve announced the creation of Nuvve-DigitalAssets, a subsidiary formed to capitalize on crypto and blockchain. Nuvve's Board of Directors and management team had unanimously approved the move, aligning with the company's evolving growth strategy to embrace emerging digital financial assets and blockchain innovation. Establishing this new subsidiary marks a significant milestone in Nuvve's diversification strategy, positioning the company to participate in the high-growth digital asset economy while continuing to drive innovation in grid modernization and V2G technologies. Other related developments from around the markets include: Strategy, the largest corporate holder of bitcoin and the world's first Bitcoin Treasury Company, today announced it will report its financial results for the first quarter of 2025 after the U.S. financial markets close on Thursday, May 1, 2025 and will host a live Video Webinar at 5:00 p.m. Eastern Time to discuss the results. A live Video Webinar of the event can be accessed under the 'Events and Presentations' section of Strategy's investor relations website at Block Inc. announced new Square Banking tools that give sellers instant access to their cash flow and free, easier ways to manage their earnings. Today, business owners can conveniently sign up for a Square payments account and a free Square Checking¹ account in just minutes through one streamlined application—right on Square's website and point of sale app. In addition, Square Savings accounts now feature new personalized savings recommendations, informed by cash flow data and industry insights, to make it easy for sellers to organize their funds into folders for key expenses like taxes and supplies. "I use Square for banking, and it has really revolutionized my business organization,' said Emily Yates, founder and owner of Flower Friends SF. 'I'm able to see everything including my transactions and how much I'm spending per project. Before Square I was not doing that, and it was really challenging.' Upexi, a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, is today detailing the expansion plans of its treasury strategy to focus on Solana (SOL) tokens after successfully closing on a $100 million private placement led by crypto trading firm GSR and includes participation from top-tier venture capital firms and key Solana-aligned investors, signaling deep institutional support and confidence in the initiative. The marks Upexi's entry into the digital asset space, positioning the Company at the forefront of blockchain integration in corporate finance. Since the closing of the private placement, the Company has accumulated approximately 45,733 Solana Tokens making an initial investment of approximately $6.7 million. Allan Marshall, CEO of Upexi, commented, "With backing from some of the most respected names in the Solana ecosystem, we are laying the groundwork for a treasury strategy that aligns with the future of finance. We're not just investing-we're building for long-term innovation, value creation, and a leadership role in blockchain adoption." Tesla just announced that, 'In the first quarter, we produced over 362,000 vehicles, delivered over 336,000 vehicles and deployed 10.4 GWh of energy storage products. While the changeover of Model Y lines across all four of our factories led to the loss of several weeks of production in Q1, the ramp of the New Model Y continues to go well.' In addition, the company reported EPS of 27 cents, which missed by 15 cents. Revenue of $19.34 billion, down 9.2% year over year, missed by $2.07 billion. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services forNuvve Holding Corp. by Nuvve Holding Corp. We own ZERO shares of Nuvve Holding Corp. Please click here for disclaimer. Contact:
