Nuvve Raises $6.9M in Q2 2025 for Operations and Growth.
ByAinvest
Thursday, Aug 14, 2025 8:52 pm ET1min read
NVVE--
Key Financial Highlights:
- Revenue decreased by 58.5% to $0.33 million in Q2 2025, compared to $0.80 million in Q2 2024 [1].
- Gross profit remained steady at $0.20 million, with margins expanding to 60.6% from 10.1% in Q2 2024 [1].
- Operating loss widened to $14.80 million, driven by a rise in one-time non-cash expenses and higher bad debt provisions [1].
Capital Infusions:
Nuvve raised $6.9 million through debt and equity in the second quarter and an additional $5.5 million in July 2025. These funds will support the company's ongoing operations and strategic pivot toward digital asset management and artificial intelligence initiatives [1].
Strategic Initiatives:
- The company completed its acquisition and integration of Fermata, a firm known for its advanced behind-the-meter V2G technology [1].
- Nuvve is shifting to a capital-light hardware model and accelerating its entry into digital asset management, hiring cryptocurrency experts and allocating significant non-cash resources [1].
Operational Metrics:
- Megawatts under management declined to 25.6 MW, reflecting a 19.5% drop from Q1 2025 and a 5.5% decline from Q2 2024 [1].
- Research and development expenses decreased by 25.8%, primarily due to lower compensation and subcontractor expenses [1].
Looking Ahead:
Nuvve's management did not provide specific revenue or margin guidance but highlighted the integration of Fermata's technology and a renewed focus on digital asset management and AI initiatives as key platforms for future growth [1].
References:
[1] https://www.nasdaq.com/articles/nuvve-reports-59-percent-revenue-drop-q2
Nuvve Holding Corp., a green energy technology company, has provided a second quarter 2025 update. Highlights include raising $6.9 million in gross proceeds through debt and equity, and raising an additional $5.5 million in July. The company's commercial vehicle-to-grid (V2G) technology platform enables electric vehicle batteries to store and resell unused energy back to the local grid and provides other grid services.
Nuvve Holding Corp. (NASDAQ: NVVE), a green energy technology company specializing in vehicle-to-grid (V2G) technology and virtual power plant solutions, has released its second-quarter 2025 financial update. The company reported a significant drop in revenue but also highlighted strategic initiatives and capital infusions.Key Financial Highlights:
- Revenue decreased by 58.5% to $0.33 million in Q2 2025, compared to $0.80 million in Q2 2024 [1].
- Gross profit remained steady at $0.20 million, with margins expanding to 60.6% from 10.1% in Q2 2024 [1].
- Operating loss widened to $14.80 million, driven by a rise in one-time non-cash expenses and higher bad debt provisions [1].
Capital Infusions:
Nuvve raised $6.9 million through debt and equity in the second quarter and an additional $5.5 million in July 2025. These funds will support the company's ongoing operations and strategic pivot toward digital asset management and artificial intelligence initiatives [1].
Strategic Initiatives:
- The company completed its acquisition and integration of Fermata, a firm known for its advanced behind-the-meter V2G technology [1].
- Nuvve is shifting to a capital-light hardware model and accelerating its entry into digital asset management, hiring cryptocurrency experts and allocating significant non-cash resources [1].
Operational Metrics:
- Megawatts under management declined to 25.6 MW, reflecting a 19.5% drop from Q1 2025 and a 5.5% decline from Q2 2024 [1].
- Research and development expenses decreased by 25.8%, primarily due to lower compensation and subcontractor expenses [1].
Looking Ahead:
Nuvve's management did not provide specific revenue or margin guidance but highlighted the integration of Fermata's technology and a renewed focus on digital asset management and AI initiatives as key platforms for future growth [1].
References:
[1] https://www.nasdaq.com/articles/nuvve-reports-59-percent-revenue-drop-q2
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