Martinsville Independent School District Welcomes Fleet of Five Blue Bird Electric School Buses Powered by Five Nuvve Level II Chargers and Managed by Nuvve’s FleetField software program
SAN DIEGO, Oct. 25, 2023 /PRNewswire/ — Nuvve Holding Corp. (Nasdaq: NVVE), a worldwide expertise chief accelerating the electrification of transportation by way of its proprietary vehicle-to-grid (V2G) platform, and Blue Bird Corporation (Nasdaq: BLBD), the chief in electrical and low-emission college buses, have changed the Martinsville Independent School District (ISD)’s diesel fleet with 5 Blue Bird Vision electrical buses, 5 Nuvve Level II chargers and the modern AI-powered Nuvve FleetField 2.0 cost administration software program.
Martinsville ISD is now formally the primary Texas college district to boast an all-electric college bus fleet, based on the Texas Electric School Bus Project, a nonprofit that tracks college transportation electrification within the state. Blue Bird’s Vision electrical, zero-emission college buses can carry a most of 71 college students for as much as 120 miles on a single cost. Based on Nuvve’s superior battery charging infrastructure choices, the buses require solely a small portion of the day to totally recharge.
Martinsville ISD Principal Keith Kimbrough commented: “We’re a small district however proud to be main the best way on sustainable and clear commutes for Texas college kids. Before I grew to become an educator, I used to be within the building trade. Now, after working so carefully with Nuvve, Blue Bird and Rush Truck Centers, I’m a believer in clear transportation and clear wind energy for Texas communities like mine. I’m proud to have managed the method of changing from diesel to electrical from starting to finish, and we’re satisfied different districts will take discover of what we’re doing right here. We are joyful to share the playbook and, over time, our outcomes.”
“We’re pleased with the work our Nuvve Ok-12 crew and companions are doing to advise and absolutely assist Martinsville Independent School District on its electrification journey, because it achieves this milestone and likewise marks our first set up in Texas,” mentioned Nuvve CEO Gregory Poilasne.
Blue Bird, an iconic, century-old college bus builder, helps college districts in Texas and throughout North America speed up the adoption of its electrical, zero-emission college buses.
“We are happy to crew up with Nuvve and our native supplier associate Rush to assist Martinsville ISD shift to wash pupil transportation,” mentioned Blue Bird President Britton Smith. “With greater than 1,500 electrical automobiles on the street, Blue Bird is the undisputed chief in zero-emission college buses. We stay up for persevering with to drive innovation and sustainability in Texas, and to inspiring different districts based mostly on our partnership with Nuvve and the Martinsville mannequin.”
Kimbrough secured a $1.58 million Clean School Bus grant from the U.S. Environmental Protection Agency in October 2022 to assist underwrite the challenge. He additionally partnered with Rush Truck Centers as supplier, Blue Bird for the fleet and Nuvve K-12 to seek the advice of and supply the correct chargers and software program for the district’s routes and every day charging wants.
About Nuvve Holding Corp.
Nuvve Holding Corp. (Nasdaq: NVVE) is a worldwide chief in vehicle-to-grid (V2G) expertise serving the mission-critical wants of economic fleets. The firm’s clever, cloud-based software program, Nuvve GIVe™, is a platform that transforms electrical fleets into cell storage sources permitting them to contribute, and never simply eat, electrical energy. It allows a versatile suite of V2G, cost administration and grid providers that present electrical grid resilience whereas additionally producing recurring revenues to offset fleet operation prices. Committed to accelerating the planet’s transition to a net-zero future, Nuvve is securing fleet electrification companions throughout the e-mobility and grid worth chain and helps energetic deployments around the globe with 18.3 megawatts presently below administration. Nuvve is headquartered in San Diego, Calif., USA. To study extra concerning the worth of V2G, futureproofing EV infrastructure and utilizing EVs for grid resilience, go to nuvve.com.
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is acknowledged as a expertise chief and innovator of college buses since its founding in 1927. Our devoted crew members design, engineer and manufacture college buses with a singular deal with security, reliability, and sturdiness. Blue Bird buses carry probably the most valuable cargo on this planet – nearly all of 25 million kids twice a day – making us probably the most trusted model within the trade. The firm is the confirmed chief in low- and zero-emission college buses with greater than 20,000 propane, pure fuel, and electrical powered buses in operation right this moment. Blue Bird is reworking the scholar transportation trade by way of cleaner power options. For extra data on Blue Bird’s full product and repair portfolio, go to www.blue-bird.com.
Nuvve Press Contact
(W)proper On Communications, Larry Smalheiser
[email protected], +1 925-413-3137
Nuvve Investor Contact
ICR Inc.
[email protected], +1 646-200-8872
Blue Bird Press Contact
TSN Communications, Julianne Barclay
[email protected], +1 267-934-5340
Forward-Looking Statements
The data on this press launch consists of “forward-looking statements” inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, aside from statements of current or historic reality included on this press launch, relating to Nuvve and Nuvve’s technique, future operations, estimated and projected monetary efficiency, prospects, plans and goals are ahead wanting statements. When used on this press launch, the phrases “may,” “ought to,” “will,” “could,” “imagine,” “anticipate,” “intend,” “estimate,” “count on,” “challenge,” the detrimental of such phrases and different comparable expressions are meant to determine forward-looking statements, though not all forward-looking statements comprise such figuring out phrases. These forward-looking statements are based mostly on administration’s present expectations and assumptions about future occasions and are based mostly on presently available data as to the end result and timing of future occasions. Except as in any other case required by relevant regulation, Nuvve disclaims any responsibility to update any forward-looking statements, all of that are expressly certified by the statements on this part, to replicate occasions or circumstances after the date of this press launch. Nuvve cautions you that these forward-looking statements are topic to quite a few dangers and uncertainties, most of that are tough to foretell and plenty of of that are past the management of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained on this press launch are topic to the next components: (i) dangers associated to the rollout of Nuvve’s business and the timing of anticipated business milestones; (ii) Nuvve’s dependence on widespread acceptance and adoption of electrical automobiles and elevated set up of charging stations; (iii) Nuvve’s capability to take care of efficient inside controls over monetary reporting, together with the remediation of recognized materials weaknesses in inside management over monetary reporting regarding segregation of duties with respect to, and access controls to, its monetary file protecting system, and Nuvve’s accounting staffing ranges; (iv) Nuvve’s present dependence on gross sales of charging stations for many of its revenues; (v) any affect of the evaluation of the accounting and reporting of warrants associated to the extension of submitting the Form 10-Q for the primary quarter; (vi) total demand for electrical automobile charging and the potential for lowered demand if governmental rebates, tax credit and different monetary incentives are lowered, modified or eradicated or governmental mandates to extend the usage of electrical automobiles or lower the usage of automobiles powered by fossil fuels, both instantly or not directly by way of mandated limits on carbon emissions, are lowered, modified or eradicated; (vii) potential adversarial results on Nuvve’s backlog, income and gross margins if clients more and more declare clear power credit and, in consequence, they’re now not available to be claimed by Nuvve; (viii) the results of competitors on Nuvve’s future business; (ix) dangers associated to Nuvve’s dependence on its mental property and the danger that Nuvve’s expertise may have undetected defects or errors; (x) the danger that we conduct a portion of our operations by way of a three way partnership exposes us to dangers and uncertainties, a lot of that are exterior of our management; (xi) that our three way partnership with Levo Mobility LLC could fail to generate the anticipated monetary outcomes, and the return could also be inadequate to justify our funding of effort and/or funds; (xii) modifications in relevant legal guidelines or laws; (xiii) the COVID-19 pandemic and its impact instantly on Nuvve and the financial system usually; (xiv) dangers associated to disruption of administration time from ongoing business operations because of our joint ventures; (xv) dangers regarding privateness and information safety legal guidelines, privateness or information breaches, or the lack of information; (xvi) the likelihood that Nuvve could also be adversely affected by 3 different financial, business, and/or aggressive components, together with elevated inflation and rates of interest, and the Russian invasion of Ukraine; and (xvii) dangers associated to the advantages anticipated from the $1.2 trillion greenback infrastructure invoice handed by the U.S. House of Representatives (H.R. 3684). Should a number of of the dangers or uncertainties described on this press launch materialize or ought to underlying assumptions show incorrect, precise outcomes and plans may differ materially from these expressed in any forward-looking statements. Additional data regarding these and different components that will affect the operations and projections mentioned herein could be discovered within the Annual Report on Form 10- Ok filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and within the different experiences that Nuvve has, and can file now and again with the SEC. Nuvve’s SEC filings are available publicly on the SEC’s web site at www.sec.gov.
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SOURCE Nuvve Holding Corp.
