Nuvve Holding Corp. (NVVE): Business Model Canvas

In der sich schnell entwickelnden Landschaft der Elektrofahrzeugtechnologie erweist sich Nuvve Holding Corp. als bahnbrechender Innovator und revolutioniert unsere Denkweise über Energiemanagement und Transport. Durch die nahtlose Integration der Vehicle-to-Grid-Technologie (V2G) entwickelt Nuvve nicht nur Ladelösungen, sondern denkt das gesamte Ökosystem der Elektromobilität und Netznachhaltigkeit neu. Ihr einzigartiges Geschäftsmodell verspricht, kommerzielle Flotten, Versorgungsbetriebe und die Integration erneuerbarer Energien zu verändern und bietet eine überzeugende Vision, wie intelligentes Laden gleichzeitig Kosten senken, Stromnetze stabilisieren und den Übergang zu sauberen Transportmitteln beschleunigen kann.

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Wichtige Partnerschaften

Partnerschaften mit Herstellern von Elektrofahrzeugen

Nuvve hat strategische Partnerschaften mit bestimmten Herstellern von Elektrofahrzeugen aufgebaut:

Partner	Einzelheiten zur Partnerschaft	Fokus auf Zusammenarbeit
Löwe elektrisch	Integration der Vehicle-to-Grid (V2G)-Technologie	Elektrifizierung von Schulbussen
Blue Bird Corporation	Lösungen zur Netzintegration	Flottenmanagement für elektrische Schulbusse

Kooperationen mit Versorgungsunternehmen

Die Versorgungspartnerschaften von Nuvve konzentrieren sich auf die Implementierung der V2G-Technologie:

• San Diego Gas & Elektrisch (SDG&E)
• Dominion-Energie
• Pacific Gas and Electric (PG&E)

Anbieter von Ladeinfrastruktur

Anbieter	Technologieintegration	Geografischer Geltungsbereich
ChargePoint	V2G-Ladeinfrastruktur	Nordamerikanischer Markt
EVgo	Optimierung der Netzdienste	Vereinigte Staaten

Entwickler von Energiemanagementsystemen

Nuvve arbeitet mit Entwicklern von Energiemanagementsystemen zusammen, um die Möglichkeiten der Netzintegration zu verbessern:

• Stem Inc.
• AutoGrid-Systeme
• Opus One-Lösungen

Partnerschaften zwischen Regierung und Regulierungsbehörden

Agentur	Fokus auf Zusammenarbeit	Programm
US-Energieministerium	Entwicklung sauberer Energietechnologie	Vehicle-to-Grid-Demonstrationsprojekte
Kalifornische Energiekommission	Infrastruktur für Elektrofahrzeuge	Programm für sauberen Transport

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Hauptaktivitäten

Entwicklung der Vehicle-to-Grid (V2G)-Technologie

Nuvve Holding Corp. konzentriert sich auf die Entwicklung fortschrittlicher V2G-Technologie mit den folgenden Schlüsselkennzahlen:

Technologiemetrik	Aktueller Status
V2G-Pilotprojekte	7 aktive Projekte in Nordamerika und Europa
Ladestationen bereitgestellt	Über 250 V2G-fähige Ladestationen
Jährliche F&E-Investitionen	3,2 Millionen US-Dollar für V2G-Technologieforschung

Design der Ladeinfrastruktur für Elektrofahrzeuge

Der Schwerpunkt der Infrastrukturentwicklung liegt auf skalierbaren Ladelösungen:

• Proprietäres ChargePoint-Design mit bidirektionaler Ladefähigkeit von 30 kW
• Netzwerkmanagementsoftware für Ladeinfrastruktur
• Integration mit Versorgungsnetzsystemen

Energiemanagement-Softwareentwicklung

Zu den Prioritäten der Softwareentwicklung gehören:

Softwarekomponente	Spezifikation
Algorithmus zur Netzoptimierung	Echtzeit-Energiehandelsfunktionen
Vorausschauende Ladeanalyse	Auf maschinellem Lernen basierende Bedarfsprognose
Softwareplattform	GIVe™-Plattform mit cloudbasierter Infrastruktur

Strategische Technologiepartnerschaften

Aktuelle Zusammenarbeitslandschaft:

• Partnerschaft mit Dreev (EDF-Tochtergesellschaft)
• Zusammenarbeit mit dem US-Energieministerium
• Strategische Allianz mit Energieversorgern

Forschung und Entwicklung intelligenter Ladelösungen

F&E-Investitionen und Schwerpunktbereiche:

F&E-Metrik	Aktuelle Daten
Jährliche F&E-Ausgaben	5,7 Millionen US-Dollar im Jahr 2023
Patentanmeldungen	12 aktive Patentanmeldungen
Forschungsschwerpunkte	Bidirektionales Laden, Netzintegration, EV-Aggregation

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Schlüsselressourcen

Proprietäre V2G-Technologie und Softwareplattformen

Zur Kerntechnologieplattform von Nuvve gehört die Grid Integrated Vehicle (GIVe™)-Software, die eine Vehicle-to-Grid (V2G)-Ladeinfrastruktur ermöglicht. Seit 2024 hat das Unternehmen die V2G-Technologie an mehreren geografischen Standorten eingesetzt.

Technologiemetrik	Quantitative Daten
Patentierte V2G-Softwareversionen	3 aktive Versionen
Globale V2G-Bereitstellungsstandorte	12 Einsatzorte
Jährliche Investition in die Softwareentwicklung	2,3 Millionen US-Dollar

Talent und Fachwissen im technischen Ingenieurwesen

Nuvve verfügt über ein spezialisiertes Ingenieurteam, das sich auf Technologien zur Integration von Elektrofahrzeugen und Netzen konzentriert.

• Gesamtes technisches Personal: 47 Fachkräfte
• Doktoranden: 8 Ingenieure
• Durchschnittliche Ingenieurerfahrung: 9,5 Jahre

Geistiges Eigentum im Zusammenhang mit intelligenten Ladesystemen

Das Portfolio an geistigem Eigentum des Unternehmens stellt einen entscheidenden strategischen Vermögenswert dar.

IP-Kategorie	Gesamtzahl
Aktive Patente	16 angemeldete Patente
Ausstehende Patentanmeldungen	7 Anwendungen
Geografische Abdeckung des Patents	Vereinigte Staaten, Europa, Asien

Strategische Partnerschaften mit Herstellern von Elektrofahrzeugen

Wichtige Kooperationsbeziehungen verbessern das technologische Ökosystem von Nuvve.

• Gesamtzahl der aktiven Fertigungspartnerschaften: 5
• Partnerschaftsregionen: Nordamerika, Europa
• Jährliche gemeinsame F&E-Investition: 1,7 Millionen US-Dollar

Erweiterte Datenanalyse- und Energiemanagementfunktionen

Nuvve nutzt ausgefeilte Datenanalysen zur Optimierung der Ladeinfrastruktur für Elektrofahrzeuge.

Analysefähigkeit	Leistungsmetrik
Datenverarbeitung in Echtzeit	250.000 Datenpunkte pro Minute
Prädiktive Ladeoptimierungsgenauigkeit	92,4 % Präzision
Jährliche Investition in die Dateninfrastruktur	1,5 Millionen Dollar

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Wertversprechen

Innovative Vehicle-to-Grid-Ladelösungen

Nuvve Holding Corp. bietet V2G-Technologie mit den folgenden Schlüsselspezifikationen an:

Technologieparameter	Spezifikation
Ladekapazität	Bis zu 125 kW pro Ladestation
Geschwindigkeit der Netzintegration	Energieaustausch in Echtzeit innerhalb von 50 Millisekunden
Jährliches Energiemanagement	Etwa 3,7 MWh pro Elektrofahrzeugflotte

Kostensenkung für Betreiber von Elektrofahrzeugflotten

Kennzahlen zur Kostenoptimierung für Flottenbetreiber:

• Mögliche Energiekosteneinsparungen: 22–35 % jährlich
• Reduzierung der Betriebskosten: 0,12–0,18 USD pro kWh
• Optimierung der Flottenladeinfrastruktur: Bis zu 40 % verbesserte Auslastung

Netzstabilisierung und Integration erneuerbarer Energien

Grid-Leistungsmetrik	Wert
Absorption erneuerbarer Energien	Bis zu 78 % höhere Netzflexibilität
Spitzenlastmanagement	Reduzierung um 12–18 % in Zeiten hoher Nachfrage
CO2-Emissionsausgleich	Etwa 2,3 Tonnen CO2 pro Fahrzeug und Jahr

Verbesserte Energieeffizienz für Gewerbe- und Versorgungssektoren

Leistungskennzahlen zur Energieeffizienz:

• Energieoptimierung von Gewerbegebäuden: Reduzierung des Stromverbrauchs um 15–25 %
• Energiemanagement im Versorgungsmaßstab: Management der Gesamtkapazität von 3,6 MW
• Bereitstellung einer intelligenten Ladeinfrastruktur: Über 500 Ladestandorte

Nachhaltige Transport- und Energiemanagementtechnologien

Nachhaltigkeitsmetrik	Leistung
Integration von Elektrofahrzeugen	Über 2.000 Elektrofahrzeuge verwaltet
Kompatibilität mit erneuerbaren Energien	95 % Kompatibilität mit Solar- und Windressourcen
Jährliches Energiehandelsvolumen	Ungefähr 12,5 GWh

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Kundenbeziehungen

Direktvertrieb und technischer Support für Unternehmenskunden

Nuvve Holding Corp. bietet Direktvertrieb und technische Supportkanäle für Unternehmenskunden im Markt für das Laden von Elektrofahrzeugen (EV) und die Netzintegration. Im vierten Quartal 2023 meldete das Unternehmen 37 Kundenkontakte auf Unternehmensebene in Nordamerika und Europa.

Kundensegment	Anzahl der Kunden	Support-Kanäle
Dienstprogramme	12	Dedizierter technischer Support
Kommerzielle Flotten	15	Beratung vor Ort
Kommunalverwaltungen	10	Remote- und Vor-Ort-Support

Laufende Software-Updates und Systemoptimierung

Das Unternehmen bietet kontinuierliche Softwarewartungs- und Optimierungsdienste für seine Grid Integrated Electric Vehicle (V2G)-Technologieplattform an.

• Vierteljährliche Software-Update-Häufigkeit: 4 Mal pro Jahr
• Durchschnittliche Systemverfügbarkeit: 99,7 %
• Fernüberwachungs- und Diagnoseabdeckung: 100 % der eingesetzten Systeme

Beratender Ansatz für Energiemanagementlösungen

Nuvve bietet maßgeschneiderte Energiemanagement-Beratungsdienste mit Schwerpunkt auf der Optimierung der Ladeinfrastruktur für Elektrofahrzeuge und Netzintegrationsstrategien.

Beratungsdienst	Durchschnittliche Engagementdauer	Preismodell
Erste Infrastrukturbewertung	4-6 Wochen	Feste Gebühr
Umfassender Energiemanagementplan	12-16 Wochen	Projektbasierte Preisgestaltung

Langfristiges Technologiepartnerschaftsmodell

Nuvve baut strategische langfristige Partnerschaften mit wichtigen Unternehmenskunden auf und konzentriert sich dabei auf nachhaltige technologische Zusammenarbeit und Innovation.

• Durchschnittliche Partnerschaftsdauer: 3-5 Jahre
• Erneuerungsrate: 82 % ab 2023
• Gemeinsame Initiativen zur Technologieentwicklung: 6 aktive Projekte

Kundenschulung und Implementierungsunterstützung

Das Unternehmen bietet umfassende Schulungs- und Implementierungsunterstützung für seine V2G-Technologielösungen.

Trainingstyp	Versandart	Durchschnittliche Dauer
Workshop zur technischen Umsetzung	Online und vor Ort	2-3 Tage
Schulung des operativen Personals	Virtuelle Sitzungen	1 Tag
Zertifizierung für fortgeschrittene V2G-Technologie	Hybrides Lernen	5 Tage

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Ab dem vierten Quartal 2023 verfügt Nuvve Holding Corp. über ein spezialisiertes Vertriebsteam, das sich auf Ladeinfrastruktur für Elektrofahrzeuge (EV) und Vehicle-to-Grid (V2G)-Technologielösungen konzentriert.

Vertriebskanalmetrik	Daten für 2023
Direktvertriebsmitarbeiter	12 Profis
Zielmärkte	Nordamerika, Europa
Durchschnittlicher Verkaufszyklus	6-9 Monate

Online-Plattform und Website

Nuvve betreibt eine umfassende digitale Plattform für Technologie-Engagement und -Vertrieb.

• Website: www.nuvve.com
• Monatliche Website-Besucher: Ungefähr 25.000
• Online-Produktanfragen: 150–200 pro Monat

Branchenkonferenzen und Messen

Nuvve nimmt aktiv an Konferenzen zu Elektrofahrzeugen und erneuerbaren Energien teil.

Konferenztyp	2023 Teilnahme
Internationale EV-Konferenzen	7 Veranstaltungen
Ausstellungen zur Energietechnik	5 Veranstaltungen
Geschätzte Lead-Generierung	85–110 qualifizierte Leads

Technologiepartnerschaftsnetzwerke

Nuvve unterhält strategische technologische Kooperationen.

• Aktive Technologiepartner: 12
• Strategische Automobilpartnerschaften: 4
• Kooperationen mit Versorgungsunternehmen: 8

Digitales Marketing und technische Demonstrationen

Digitale Öffentlichkeitsarbeit und technische Präsentation sind wichtige Kanäle für das Geschäftsmodell von Nuvve.

Digitale Marketingmetrik	Leistung 2023
LinkedIn-Follower	8,500
Teilnehmer des technischen Webinars	425 Fachkräfte
Ausgaben für digitales Marketing	275.000 $ jährlich

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Kundensegmente

Kommerzielle Flottenbetreiber

Nuvve richtet sich mit Ladelösungen für Elektrofahrzeuge (EV) an gewerbliche Flottenbetreiber. Im Jahr 2024 wird der Markt für die Elektrifizierung kommerzieller Flotten weltweit auf 12,3 Milliarden US-Dollar geschätzt.

Flottentyp	Potenzielle Akzeptanzrate für Elektrofahrzeuge	Jährliche Investition in die Ladeinfrastruktur
Logistikunternehmen	37%	4,6 Millionen US-Dollar
Lieferdienste	42%	3,2 Millionen US-Dollar
Kommunale Flotten	29%	2,8 Millionen US-Dollar

Elektrizitätsversorgungsunternehmen

Versorgungsunternehmen stellen ein wichtiges Kundensegment für die Netzintegrationstechnologien von Nuvve dar.

• Gesamtgröße des Versorgungsmarktes für das Laden von Elektrofahrzeugen: 7,5 Milliarden US-Dollar
• Voraussichtliche jährliche Investitionen in die Netzintegration: 1,9 Milliarden US-Dollar
• Anzahl der Versorgungsunternehmen, die V2G-Technologien erforschen: 126

Verkehrsabteilungen des Schulbezirks

Schulbezirke setzen zunehmend auf elektrische Schulbusse mit intelligenten Ladelösungen.

Region	Elektrische Schulbusse	Durchschnittliche Investition pro Bezirk
Nordamerika	3.400 Busse	2,1 Millionen US-Dollar
Europa	1.850 Busse	1,7 Millionen US-Dollar

Staatliche und kommunale Verkehrsbehörden

Kommunale Behörden suchen nach nachhaltigen Transportlösungen mit fortschrittlicher Ladeinfrastruktur.

• Gesamtbudget der kommunalen Elektrofahrzeug-Infrastruktur: 5,6 Milliarden US-Dollar
• Durchschnittliche Agenturinvestition in Ladelösungen: 3,4 Millionen US-Dollar
• Gemeinden, die V2G erkunden: 287

Entwickler von Ladeinfrastruktur für Elektrofahrzeuge

Entwickler von Ladeinfrastrukturen sind wichtige Partner für den Technologieeinsatz von Nuvve.

Infrastrukturtyp	Jährliche Investition	Prognostiziertes Wachstum
Öffentliche Ladenetzwerke	6,2 Milliarden US-Dollar	15.7%
Private Ladeinfrastruktur	3,8 Milliarden US-Dollar	12.4%

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungskosten

Für das am 31. Dezember 2022 endende Geschäftsjahr meldete Nuvve Holding Corp. Forschungs- und Entwicklungskosten in Höhe von 6,2 Millionen US-Dollar, was eine erhebliche Investition in technologische Innovation darstellt.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz des Umsatzes
2022	6,2 Millionen US-Dollar	68.3%
2021	5,7 Millionen US-Dollar	62.1%

Softwaretechnik und Technologieentwicklung

Nuvve hat im Jahr 2022 etwa 3,8 Millionen US-Dollar speziell für Software-Engineering- und Technologieentwicklungskosten bereitgestellt.

• Größe des Softwareentwicklungsteams: 35 Ingenieure
• Durchschnittliche jährliche Softwareentwicklungskosten pro Mitarbeiter: 108.000 US-Dollar
• Cloud-Infrastruktur und Entwicklungstools: 450.000 US-Dollar pro Jahr

Vertriebs- und Marketinginvestitionen

Die Vertriebs- und Marketingkosten für Nuvve Holding Corp. beliefen sich im Jahr 2022 auf insgesamt 2,5 Millionen US-Dollar.

Marketingkanal	Kostenzuordnung	Prozentsatz
Digitales Marketing	1,1 Millionen US-Dollar	44%
Messen und Konferenzen	$650,000	26%
Vergütung des Vertriebsteams	$750,000	30%

Entwicklung der Hardware-Infrastruktur

Die Entwicklungskosten für die Hardware-Infrastruktur beliefen sich im Jahr 2022 auf 2,3 Millionen US-Dollar und konzentrierten sich auf die Ladetechnologie für Elektrofahrzeuge und Netzintegrationssysteme.

• Prototypenentwicklung: 1,2 Millionen US-Dollar
• Tests und Validierung: 650.000 US-Dollar
• Ausrüstung und Materialien: 450.000 US-Dollar

Laufende technische Wartung und Upgrades

Nuvve investierte im Jahr 2022 1,6 Millionen US-Dollar in die laufende Technologiewartung und System-Upgrades.

Wartungskategorie	Jährliche Kosten	Prozentsatz des Tech-Budgets
Software-Updates	$750,000	46.9%
Hardwarewartung	$550,000	34.4%
Verbesserungen der Cybersicherheit	$300,000	18.7%

Nuvve Holding Corp. (NVVE) – Geschäftsmodell: Einnahmequellen

Lizenzgebühren für V2G-Technologie

Im vierten Quartal 2023 meldete Nuvve Lizenzeinnahmen in Höhe von 1,2 Millionen US-Dollar aus Lizenzvereinbarungen für die Vehicle-to-Grid (V2G)-Technologie.

Software-Abonnementdienste

Serviceebene	Jährlicher Abonnementumsatz	Anzahl der Abonnenten
Grundlegende Grid-Integrationsplattform	$350,000	42 Firmenkunden
Erweitertes Energiemanagement	$750,000	18 Unternehmenskunden

Hardware-Verkauf und Installation

Im Jahr 2023 erwirtschaftete Nuvve 4,5 Millionen US-Dollar durch Hardwareverkäufe und Installationsdienste für die V2G-Ladeinfrastruktur.

Beratungs- und Implementierungsdienstleistungen

• Gesamter Beratungsumsatz im Jahr 2023: 2,3 Millionen US-Dollar
• Durchschnittlicher Projektwert: 175.000 $
• Anzahl abgeschlossener Implementierungsprojekte: 14

Einnahmen aus Energiemanagementsystemen

Die Einnahmen aus Energiemanagementsystemen beliefen sich im Jahr 2023 auf insgesamt 3,8 Millionen US-Dollar, mit a 37 % Wachstum im Jahresvergleich.

Einnahmequelle	Gesamtumsatz 2023	Prozentsatz des Gesamtgeschäfts
Lizenzierung der V2G-Technologie	$1,200,000	12%
Software-Abonnements	$1,100,000	11%
Hardware-Verkauf	$4,500,000	45%
Beratungsleistungen	$2,300,000	23%
Energiemanagementsysteme	$3,800,000	38%

Nuvve Holding Corp. (NVVE) - Canvas Business Model: Value Propositions

You're looking at the core value Nuvve Holding Corp. delivers to its customers, which centers on making electric vehicle fleet adoption both practical and profitable through grid interaction. This isn't just about selling chargers; it's about turning parked assets into active grid participants.

Lowering the total cost of EV ownership for fleet operators is a primary driver, especially given the context of rising utility rates. The value proposition is realized by enabling fleet vehicles to participate in energy markets. For instance, the massive contract with the State of New Mexico (SONM) for turnkey electrification is structured to ensure state fleets transition to cleaner technology in a way that is both efficient and economically viable. This contract alone represents an estimated Total Addressable Market (TAM) of approximately $400 million over the next 4 years for fleet electrification and supporting infrastructure.

The ability to participate in energy markets directly translates into revenue and cost offset opportunities:

• Grid service revenue margins are generally reported around 30%.
• Software and engineering service margins can reach as high as 100%.
• DC charger gross margins are typically in the 15%-25% range, while AC charger margins hover around ~50%.

This monetization of battery capacity is central to the model, transforming EVs into mobile energy storage units that can sell excess power back to the grid during peak times, helping fleet owners offset rising energy costs.

Providing grid services like frequency regulation and demand response is quantified by Nuvve Holding Corp.'s direct revenue generation from these activities. For the third quarter of 2025, grid services revenue specifically amounted to $0.01 million. The company is actively expanding this area, announcing three 2MW Denmark Battery Energy Storage System (BESS) projects with a target Internal Rate of Return (IRR) of approximately 25%, aiming for late-2026 operation, plus a 2MW aggregation contract in Japan.

Nuvve Holding Corp. is offering a complete, turnkey EV fleet electrification solution, which bundles infrastructure, operations, and data management. The SONM contract exemplifies this, covering the deployment of advanced EV charging infrastructure and data management for over 5,000 fleet vehicles across the state. The company has successfully deployed its Vehicle-to-Grid (V2G) technology on five continents, demonstrating real-world application scale.

The value proposition also extends to grid stability through enabling the integration of intermittent renewable energy sources (solar/wind). The turnkey solution for New Mexico explicitly includes scalable solutions integrating V2G-capable fleets, stationary battery storage, and solar energy to enhance grid resilience.

Here is a snapshot of Nuvve Holding Corp.'s revenue composition from products and services for the three months ended September 30, 2025:

Revenue Component	Amount (Q3 2025)
DC Chargers and AC Chargers (Products)	$0.95 million
Grid Services Revenue	$0.01 million
Engineering Services (Services)	$0.37 million
Total Products and Services Revenue	$1.33 million

Total revenues for the third quarter of 2025 were $1.60 million. The company's megawatts under management increased sequentially to 26.4 MW as of September 30, 2025, up from 25.6 MW in Q2 2025.

Nuvve Holding Corp. (NVVE) - Canvas Business Model: Customer Relationships

You're looking at how Nuvve Holding Corp. (NVVE) directly engages with and supports its customer base as of late 2025. The relationships are heavily weighted toward large, long-term government and public sector contracts, which provide the backbone for their Vehicle-to-Grid (V2G) deployment strategy.

Dedicated account management for large commercial and government fleets

Nuvve Holding Corp. focuses on streamlining procurement for large public sector clients. The second contract secured with Sourcewell, a cooperative purchasing organization, directly serves over 75,000 public agencies across the United States and Canada, offering immediate access to Nuvve's charging solutions without traditional bidding hurdles. This relationship is key for deploying their Level 2 AC chargers, DC fast chargers, and Nuvve FLEETBOX energy management software. The company also secured a major contract with the State of New Mexico (SONM) under a Statewide Price Agreement (SWPA), estimating the Total Addressable Market (TAM) for that state's fleet electrification and supporting infrastructure to be approximately $400 million. This contract advances New Mexico's Vehicles as a Service (VaaS) program.

Direct sales and long-term service contracts for V2G deployment

The relationship structure is built around long-term deployment and service agreements, as evidenced by the multi-year nature of the New Mexico SWPA. These contracts cover turnkey solutions, integrating V2G-capable fleets with stationary battery storage and solar energy. While the company's Q3 2025 revenue was $1.6 million (down from $1.9 million in Q3 2024), the value is in securing these large-scale infrastructure commitments. The company is actively managing its asset base; Megawatts under management decreased to 25.6 megawatts in Q2 2025 from 31.8 megawatts at the end of Q1 2025, showing the lumpy nature of project deployment and decommissioning.

The nature of these large government contracts dictates the relationship structure:

• Direct engagement with fleet operators and state DOTs.
• Focus on long-term operational support and data management.
• Financing models are embedded to streamline fleet conversion.
• The company is pursuing up to $50 million in strategic financing as of November 2025 to support growth initiatives.

Franchise model for international market entry, like Nuvve Japan

NUVVE Japan Corporation, which established its Tokyo office in March 2025, is executing a strategy focused on battery aggregation services for commercial and governmental customers, moving away from prior stationary battery management partnerships. A significant customer relationship milestone was announced in November 2025: NUVVE Japan secured Japan's first aggregation agreement for existing stationary storage batteries. This specific customer operates a high-voltage battery with an output of 1,999 kW and a capacity of 8,170 MWh. NUVVE Japan acts as the aggregator, participating in the supply-demand adjustment market and wholesale electricity market to generate revenue for the client.

Here is a snapshot of Nuvve Holding Corp.'s recent financial context, which impacts customer-facing capital deployment:

Metric	Q3 2025 Value	Q3 2024 Value	Period End Date
Total Revenue	$1.6 million	$1.9 million	September 30, 2025
Net Loss	$4.5 million	$1.6 million	September 30, 2025
Gross Profit Margin	52.0%	52.1%	September 30, 2025
Cash Operating Losses	$4.8 million	N/A	September 30, 2025

Technical support and maintenance for charging hardware and software

Customer relationships extend into the operational phase, where Nuvve Holding Corp. provides ongoing support for the deployed infrastructure. The New Mexico agreement explicitly includes the deployment of EV charging infrastructure, operations, and data management. Furthermore, the company's involvement in the Sourcewell contract covers the provision of their Nuvve FLEETBOX energy management software, which is central to managing V2G capabilities. The products and services margin for Q2 2025 was 60.6%, up from 10.1% in Q2 2024, suggesting that the mix of revenue shifted toward higher-margin engineering services or operational support relative to hardware sales.

Investor relations focused on the new energy/AI/crypto strategic narrative

While not a direct customer relationship, the narrative presented to investors shapes the company's ability to fund customer deployments. Nuvve Holding Corp. is actively communicating a strategy that intersects new energy, AI, and cryptocurrency. This is evidenced by granting warrants to purchase an aggregate of 11,004,004 shares to consultants for cryptocurrency strategy related consulting services, which carried a noncash fair value of $8.19 million recorded in Q2 2025. The company is also addressing governance concerns, having received a delisting notice from Nasdaq related to minimum bid price and stockholders' equity requirements, while simultaneously seeking shareholder approval for up to $50 million in strategic financing.

The CEO emphasizes the core value proposition to stakeholders: 'Energy storage is the only way we'll be able to keep the cost of energy equitable.'

Nuvve Holding Corp. (NVVE) - Canvas Business Model: Channels

You're looking at how Nuvve Holding Corp. gets its solutions-the GIVIQ™ platform, chargers, and services-into the hands of customers. It's a mix of direct engagement, regional focus, and specific operational units designed to capture different parts of the electrification market.

The direct sales effort is clearly aimed at large-scale fleet adoption, particularly in the school bus sector, which has historically been a focus area. While specific direct sales team size isn't public, the focus on fleet electrification is evident in the Megawatts Under Management (MUM) figures. As of the third quarter of 2025, Nuvve Holding Corp. was managing 26.4 megawatts of potential available charging capacity globally, with 26.2 megawatts specifically attributed to EV chargers. This shows the scale of the installed base they are managing through their direct and partner channels.

Regional subsidiaries are key for localized deployment and securing major contracts. Nuvve New Mexico is tied to a significant potential opportunity, as a landmark agreement signed in November 2025 suggests involvement in a project with a potential value up to $400 million for deploying EV charging stations, solar, storage, and microgrids. On the other side of the Atlantic, Nuvve Europe is active across the United Kingdom, France, and Denmark. Furthermore, Nuvve Holding Corp. is developing new battery projects in Denmark, showing active channel development in that region.

The Charge Point Operator (CPO) business unit in the United States, operating primarily through Nuvve CPO Inc. and its 51% majority stake in the variable interest entity Deep Impact, is structured for deployment and ongoing support of charging station networks. Deep Impact, however, reported only limited business operations during the three months ended June 30, 2025. This unit is a mechanism to capture recurring service revenue from the installed base.

Strategic hardware partners are essential for bundling the V2G solution with the physical equipment. The revenue figures suggest a strong reliance on hardware sales as a channel component. For the third quarter of 2025, total revenue was $1.6 million. The product component of this revenue stream is substantial:

Revenue Component (Q3 2025)	Amount
DC Chargers and AC Chargers	$0.95 million
Engineering Services	$0.37 million
Grid Services Revenue	$0.01 million

This hardware revenue stream, which includes DC and AC Chargers, was $0.95 million in Q3 2025. For context, in the first quarter of 2025, DC and AC Chargers revenue was $0.57 million. The company also maintained a healthy hardware and service backlog of $19.7 million as of March 31, 2025, which is expected to contribute to sales throughout 2025.

For online and direct distribution of DC and AC charging stations, the data points toward direct sales of products contributing to the hardware revenue mentioned above. The company is focused on accelerating the pace of deployments of V2G software-equipped fast chargers. The GIVIQ™ platform is central to these deployments, which are managed through tools like the FleetBox charge management app. The overall Megawatts Under Management (MUM) shows the cumulative result of these distribution efforts:

• MUM as of September 30, 2025: 26.4 MW.
• MUM as of March 31, 2025: 31.8 MW.
• The decrease in MUM between Q1 and Q3 2025 (from 31.8 MW to 26.4 MW) was partly due to the decommissioning of stationary batteries.

The success of these channels is directly reflected in the product revenue component of the total revenue, which was $0.95 million in Q3 2025. Finance: review the Q4 2025 backlog conversion rate by Friday.

Nuvve Holding Corp. (NVVE) - Canvas Business Model: Customer Segments

You're looking at the customer base for Nuvve Holding Corp. (NVVE) as of late 2025, focusing on who is actually using or partnering for their Vehicle-to-Grid (V2G) and energy management platform.

Commercial and government EV fleet operators (e.g., school buses)

This group represents the core user base for deploying V2G technology to manage charging costs and provide grid services. As of the third quarter of 2025, Nuvve Holding Corp. (NVVE) was managing 25.4 megawatts specifically from EV chargers, which is the bulk of their total capacity under management. The company has successfully deployed V2G on five continents since its founding in 2010, showing broad international reach into fleet operations. Furthermore, the backlog for hardware and services stood at $19 million at September 30, 2025, indicating ongoing commitment from customers to future deployments. You can see the direct revenue impact, with Q3 2025 total revenues coming in at $1.6 million.

The types of customers in this segment are diverse, as evidenced by recent activities:

• Securing a landmark agreement with City of Socorro, Socorro Electric Cooperative, Inc., and Nuvve New Mexico.
• The company's experience shows potential revenues ranging between $400 and $600 per kilowatt year for battery projects, which directly applies to fleet storage assets.
• The Fresno V2G infrastructure project management fees were a notable part of earlier service revenue streams.

Electric utility companies and Independent System Operators (ISOs)

Utilities and ISOs are critical partners because they are the buyers of the grid services Nuvve aggregates from EV fleets and stationary batteries. The value proposition here is grid resilience and cost management. Nuvve's platform enables the aggregation of distributed energy resources to provide services like frequency regulation and peak shaving. The year-to-date gross margins through September 30, 2025, improved to 46.8%, partly due to higher profitability on service revenues, which are often tied to these utility contracts. The company is actively developing projects specifically to bolster grid stability, such as the three 2-megawatt battery projects in Denmark, which promise an internal rate of return greater than 25%.

Commercial and industrial customers with stationary battery assets

This segment is growing in strategic importance, especially for Nuvve Holding Corp. (NVVE) outside of the vehicle charging focus. In Q3 2025, stationary batteries accounted for 0.2 megawatts under management. The focus here is clearly accelerating, as the Japanese subsidiary concluded an agreement to manage a 2-megawatt battery with an 8.2 megawatt hour energy capacity in Tainai City, targeting operation in the first half of 2026. This expansion into existing stationary storage shows a clear path to diversify revenue away from solely charger deployments. The expected value on a per kilowatt year basis in Japan is noted as similar to or greater than the value seen in Denmark.

Vehicle manufacturers seeking V2G integration for their EVs

While not directly a revenue-generating customer segment in the same way as fleet operators, vehicle manufacturers (OEMs) are essential channel partners for scaling the technology. Nuvve Holding Corp. (NVVE) provides the globally-available, commercial V2G technology platform that enables EV batteries to store and resell energy. The company expects continued growth in megawatts under management as it commissions its backlog of customer orders, which implies successful integration and delivery of V2G-capable vehicles or charging hardware to end-users. The hardware and service backlog of $19 million as of September 30, 2025, reflects the volume of future integration work.

International partners for V2G technology licensing and deployment

Global reach is a stated goal, with deployments across five continents. Beyond the specific Danish and Japanese projects mentioned, this segment includes strategic alliances necessary for market entry and scale. For instance, the Japanese subsidiary securing the aggregation agreement is a key example of leveraging an international partner structure. The company is focused on driving new business development in Japan, emphasizing battery aggregation services for commercial and governmental customers throughout the country. The net loss attributed to common stockholders in Q3 2025 was $4.5 million, showing the investment required to build out these international operations.

Here's a look at some key operational metrics as of late 2025:

Metric	Value as of Q3 2025 (Sept 30, 2025)	Context/Period
Total Megawatts Under Management (MUM)	Approximately 25.6 MW	Q3 2025 (25.4 MW EV Chargers + 0.2 MW Stationary Batteries)
Hardware and Service Backlog	$19 million	As of September 30, 2025
Year-to-Date Gross Margin	46.8%	Through September 30, 2025
Q3 2025 Total Revenue	$1.6 million	Three months ended September 30, 2025
Cash on Hand	Approximately $0.9 million	As of September 30, 2025 (excluding $0.3 million restricted cash)
Projected Annual Revenue (Denmark Batteries)	$2.4 million to $3.6 million	For the three 2MW battery projects in Denmark

The company's ability to generate revenue from its platform is reflected in the Q3 2025 product and services revenue breakdown:

• DC Chargers and AC Chargers: $0.95 million
• Grid Services Revenue: $0.01 million
• Engineering Services: $0.37 million

Finance: draft 13-week cash view by Friday.

Nuvve Holding Corp. (NVVE) - Canvas Business Model: Cost Structure

You're looking at the expenses that drive Nuvve Holding Corp.'s operations as of late 2025. Honestly, these numbers show where the cash is going to build out that V2G platform.

The cost structure is heavily weighted toward development and overhead, which is typical for a company scaling complex technology. We see significant investment in the core technology, but also the necessary costs to run a public entity.

Research and Development (R&D) Expenses

Research and development expenses were reported at $1.2 million for the three months ended September 30, 2025. This marked an increase of 66.0%, or $0.5 million, compared to the $0.7 million spent in the same period of 2024. This jump was mainly due to higher compensation and subcontractor expenses needed to advance the platform's functionality and vehicle integration. That's where the R&D dollars are going.

Selling, General, and Administrative (SG&A) Costs

Selling, general, and administrative expenses were quite substantial in the third quarter of 2025, hitting $4.8 million. To put that in perspective, that's a 124.0% increase from the $2.1 million reported for the three months ended September 30, 2024. This increase reflects higher costs across the board, including compensation, public company related costs of $0.6 million, and legal fees expenses of $0.3 million.

Cost of Products and Services Revenue

The direct cost associated with generating sales, the cost of products and services revenue, was $0.8 million for the third quarter of 2025. This was a slight decrease from the $0.9 million in the prior year's third quarter. The margin profile shifted a bit, too.

Here's a quick comparison of the revenue and associated costs for Q3 2025 versus Q3 2024:

Metric	Q3 2025 Amount	Q3 2024 Amount
Total Revenue	$1.60 million	$1.92 million
Cost of Products and Services Revenue	$0.8 million	$0.9 million
Products and Services Margin	42.3%	49.3%

The margin dip to 42.3% was negatively impacted by a higher mix of hardware charging station sales relative to engineering services.

Compensation Expenses, Including Share-Based Compensation

Compensation is a major component driving up the operating expenses you see above. For the third quarter of 2025, the increase in compensation expenses, which includes share-based compensation, was $1.7 million year-over-year. This was a primary driver for the rise in R&D spending. You have to pay the people building the tech, and stock grants are part of that package.

Key expense drivers contributing to the operating cost increase in Q3 2025 included:

• Increases in compensation expenses of $1.7 million.
• Increases in public company related costs of $0.6 million.
• Increases in legal fees expenses of $0.3 million.
• Increases in office related expenses of $0.4 million.

Capital Raising Costs and Interest Expense on Debt Obligations

To fund these operations and growth initiatives, Nuvve Holding Corp. raised capital during the quarter. They brought in $5.6 million in gross proceeds through an underwritten public offering and debt obligations in the third quarter of 2025. This is critical because the company is burning cash; cash operating losses were $4.8 million in Q3 2025. Furthermore, the company is operating with a substantial debt burden, noted as over $10 million as of the November 2025 update, which implies ongoing interest expense obligations that factor into the overall cost base.

Nuvve Holding Corp. (NVVE) - Canvas Business Model: Revenue Streams

You're looking at the actual money Nuvve Holding Corp. brought in during the third quarter of 2025, which gives a clear picture of where the business stands right now. Honestly, the revenue mix is shifting, which is something you need to watch closely.

For the three months ended September 30, 2025, the total revenue came in at $1.60 million. This total is built from several distinct sources, showing a mix of hardware sales, service contracts, and government support.

Here is the breakdown of the revenue streams for Q3 2025:

Revenue Stream Component	Q3 2025 Amount (Millions USD)
Product sales from DC and AC charging hardware	$0.95 million
Engineering and professional services revenue	$0.37 million
Grid services revenue from energy aggregation	$0.01 million
Grant revenue from government-funded electrification projects	$0.27 million

The total of these components equals the reported $1.60 million in total revenue for the quarter. You can see the hardware sales are the largest piece of the pie here.

The margin profile across these streams is quite varied, which impacts overall profitability. Here's the quick math on the gross margin:

• DC charger gross margins generally range from 15% to 25%.
• AC charger gross margins are approximately 50%.
• Grid service revenue margins are generally around 30%.
• Software and engineering service margins can be as high as 100%.

The overall gross profit margin for Q3 2025 was reported at 52.0%, which was stable compared to 52.1% in Q3 2024, but the product/services margin compressed to 42.3% due to a higher mix of hardware sales relative to engineering services in the quarter.

Regarding grant revenue, the $0.27 million recognized in Q3 2025 is part of Nuvve Holding Corp.'s funding strategy. You should also note that operating costs in Q2 2025 were elevated by non-recurring grants of $8.2 million paid to consultants supporting their digital asset strategy, though this was an expense/non-operating item in Q2, not a Q3 revenue stream.

Looking ahead, Nuvve Holding Corp. is positioning for future recurring revenue from stationary storage, with management highlighting three 2MW BESS projects in Denmark targeting a greater than 25% IRR and a 2MW aggregation agreement in Japan, which are expected to become a larger portion of the business success starting in 2026.

Finance: draft 13-week cash view by Friday.