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Nuvve Holding Corp.
Nuvve Holding Corp., led by CEO Gregory Poilasne, went public in 2021 and operates a vehicle-to-grid platform monetizing idle EV bus batteries.
Nuvve Holding Corp.
Nuvve Holding Corp. was founded in 2010 and lists Gregory Poilasne as its CEO. The company is headquartered in San Diego, California, operating at the intersection of clean energy infrastructure and electrified mobility. Its core intellectual property is a vehicle-to-grid technology platform that aggregates electric vehicle batteries for bidirectional charging, a concept the firm calls 'Vehicle-to-Grid' or V2G. The firm's primary revenue model centers on deploying charging infrastructure for electric school bus fleets, then pooling their battery capacity to sell frequency regulation and other ancillary services back to regional power grids. This strategy spans several asset classes: direct hardware sales of charging stations, recurring grid-services revenue, and software-as-a-service licensing for the aggregation platform. The company has targeted multiple geographies, including the United States, Europe, and Japan. A publicly known deployment partner is Blue Bird Corporation, a leading school bus manufacturer (per the firm's regulatory filings, 2021). Nuvve's scale is disclosed through its public financial filings. As a publicly traded company since its 2021 merger with Newborn Acquisition Corp., the firm deploys capital primarily as an operating business developing projects rather than as a direct investment fund, and its team structure includes a mix of energy market traders, software engineers, and business development staff with no adjacent family-office or club structures disclosed. In May 2024, the firm reported its first-quarter 2024 financial results, which included updates to its pipeline of electric school bus deployments and ongoing grid-service contracts (per the firm's earnings release, May 2024). The structural differentiator is the company's public-company operating posture for a business that is effectively asset-light energy trading applied to a growing EV fleet. Unlike private fund managers who take LP commitments and make GP-led investments in clean-energy assets, Nuvve is an operator that goes directly to school districts and fleet operators, installs physical hardware, and then monetizes the aggregated power capacity. This makes it an unusual hybrid of a technology vendor and a virtual power plant operator, with its capital base coming from public equity markets rather than closed discretionary pools.
General information
Firm type
Asset Manager
Year founded
2010
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Diego
Corporate office
San Diego, CA, United States
Principals
Gregory Poilasne
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment and operational decisions at Nuvve Holding Corp.?
Gregory Poilasne serves as Chief Executive Officer and has led the company through its transition to a publicly traded entity on the Nasdaq (per public record). The company's business decisions are made by its executive team under the oversight of a board of directors, reflecting an operational company structure rather than a family-office or investment-partnership governance model.
How does Nuvve generate revenue from electric school buses?
Nuvve's platform monetizes electric vehicle batteries through bidirectional charging. The company sells and installs charging hardware, then aggregates the battery capacity of connected vehicles to provide services such as frequency regulation to electrical grids. In exchange, Nuvve and its fleet-operator partners receive payments from grid operators, creating a recurring revenue stream separate from the sale of the charging equipment.
Is Nuvve structured as a single family office or does it operate more like a clean-tech venture?
Nuvve is neither. It is an operating company that went public via a SPAC merger in 2021 and trades under the ticker NVVE. It does not manage third-party capital through commingled funds, and it does not serve as a family office. The firm uses its own balance sheet and equity capital to develop vehicle-to-grid projects directly.
What investment stages or types of capital does Nuvve typically deploy?
Nuvve does not deploy investment capital in the traditional private-equity or venture-capital sense. It spends its capital on operating expenses, hardware procurement for charging projects, and software development. The company's funding has come from public equity offerings and private placements, which it uses to finance its growth as a project developer and technology provider.
Where is the firm's operational focus geographically?
Nuvve's public disclosures and partnership announcements indicate an operational focus on the United States, particularly in California and other states with strong mandates for school-bus electrification, as well as Europe and Japan. Its aggregation software is designed to work with multiple regional power markets that compensate providers for ancillary grid services.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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