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 FleetBox
software
SAN
DIEGO, Oct. 25, 2023 /PRNewswire/ -- Nuvve
Holding Corp. (Nasdaq: NVVE), a global technology leader
accelerating the electrification of transportation through its
proprietary vehicle-to-grid (V2G) platform, and Blue Bird
Corporation (Nasdaq: BLBD), the leader in electric and low-emission
school buses, have replaced the Martinsville Independent School
District (ISD)'s diesel fleet with five Blue Bird Vision electric
buses, five Nuvve Level II chargers and the innovative AI-powered
Nuvve FleetBox 2.0 charge management software.
"We're proud of the work our team and
partners are doing to support Martinsville ISD," said Nuvve CEO
Gregory Poilasne.
Martinsville ISD is now officially the first Texas school district to boast an all-electric
school bus fleet, according to the Texas Electric School Bus
Project, a nonprofit that tracks school transportation
electrification in the state. Blue Bird's Vision electric,
zero-emission school buses can carry a maximum of 71 students for
up to 120 miles on a single charge. Based on Nuvve's advanced
battery charging infrastructure offerings, the buses require only a
small portion of the day to fully recharge.
Martinsville ISD Principal Keith
Kimbrough commented: "We're a small district but proud to be
leading the way on sustainable and clean commutes for Texas school children. Before I became an
educator, I was in the construction industry. Now, after working so
closely with Nuvve, Blue Bird and Rush Truck Centers, I'm a
believer in clean transportation and clean wind power for
Texas communities like mine. I'm
proud to have managed the process of converting from diesel to
electric from beginning to end, and we're convinced other districts
will take notice of what we're doing here. We are happy to share
the playbook and, over time, our results."
"We're proud of the work our Nuvve K-12 team and partners are
doing to advise and fully support Martinsville Independent School
District on its electrification journey, as it achieves this
milestone and also marks our first installation in Texas," said Nuvve CEO Gregory Poilasne.
Blue Bird, an iconic, century-old school bus builder, helps
school districts in Texas and
across North America accelerate
the adoption of its electric, zero-emission school buses.
"We are pleased to team up with Nuvve and our local dealer
partner Rush to help Martinsville ISD shift to clean student
transportation," said Blue Bird President Britton Smith. "With more than 1,500 electric
vehicles on the road, Blue Bird is the undisputed leader in
zero-emission school buses. We look forward to continuing to drive
innovation and sustainability in Texas, and to inspiring other districts based
on our partnership with Nuvve and the Martinsville model."
Kimbrough secured a $1.58 million
Clean School Bus grant from the U.S. Environmental Protection
Agency in October 2022 to help
underwrite the project. He also partnered with Rush Truck Centers
as dealer, Blue Bird for the fleet and Nuvve K-12 to consult and
provide the right chargers and software for the district's routes
and daily charging needs.
About Nuvve Holding Corp.
Nuvve Holding Corp.
(Nasdaq: NVVE) is a global leader in vehicle-to-grid (V2G)
technology serving the mission-critical needs of commercial fleets.
The company's intelligent, cloud-based software, Nuvve GIVe™, is a
platform that transforms electric fleets into mobile storage
resources allowing them to contribute, and not just consume,
electricity. It enables a flexible suite of V2G, charge management
and grid services that provide electric grid resilience while also
generating recurring revenues to offset fleet operation costs.
Committed to accelerating the planet's transition to a net-zero
future, Nuvve is securing fleet electrification partners across the
e-mobility and grid value chain and supports active deployments
around the world with 18.3 megawatts currently under management.
Nuvve is headquartered in San Diego,
Calif., USA. To learn more about the value of V2G,
futureproofing EV infrastructure and using EVs for grid resilience,
visit nuvve.com.
About Blue Bird Corporation
Blue Bird
(NASDAQ: BLBD) is recognized as a
technology leader and innovator of school buses since its founding
in 1927. Our dedicated team members design, engineer and
manufacture school buses with a singular focus on safety,
reliability, and durability. Blue Bird buses carry the most
precious cargo in the world – the majority of 25 million children
twice a day – making us the most trusted brand in the industry. The
company is the proven leader in low- and zero-emission school buses
with more than 20,000 propane, natural gas, and electric powered
buses in operation today. Blue Bird is transforming the student
transportation industry through cleaner energy solutions. For more
information on Blue Bird's complete product and service portfolio,
visit www.blue-bird.com.
Nuvve Press Contact
(W)right On Communications,
Larry Smalheiser
lsmalheiser@wrightoncomm.com, +1 925-413-3137
Nuvve Investor Contact
ICR Inc.
nuvve@icrinc.com, +1 646-200-8872
Blue Bird Press Contact
TSN Communications,
Julianne Barclay
julianne@tsncommunications.com, +1 267-934-5340
Forward-Looking Statements
The information in
this press release includes "forward-looking statements" within the
meaning 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, other than statements of present or historical fact
included in this press release, regarding Nuvve
and Nuvve's strategy, future operations,
estimated and projected financial performance, prospects, plans and
objectives are forward looking statements. When used in this press
release, the words "could," "should," "will," "may," "believe,"
"anticipate," "intend," "estimate," "expect," "project," the
negative of such terms and other similar expressions are intended
to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable
law, Nuvve disclaims any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this press release. 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. In
addition, Nuvve cautions you that the forward-looking
statements contained in this press release are subject to the
following factors: (i) risks related to the rollout
of Nuvve's business and the timing of expected
business milestones; (ii) Nuvve's dependence on
widespread acceptance and adoption of electric vehicles and
increased installation of charging stations; (iii) Nuvve's
ability to maintain effective internal controls over
financial reporting, including the remediation of identified
material weaknesses in internal control over financial reporting
relating to segregation of duties with respect to, and access
controls to, its financial record keeping system, and
Nuvve's accounting staffing levels; (iv)
Nuvve's current dependence on sales of charging stations for
most of its revenues; (v) any impact of the analysis
of the accounting and reporting of warrants related to the
extension of filing the Form 10-Q for the first quarter;
(vi) overall demand for electric vehicle charging and
the potential for reduced demand if governmental rebates, tax
credits and other financial incentives are reduced, modified or
eliminated or governmental mandates to increase the use of electric
vehicles or decrease the use of vehicles powered by fossil fuels,
either directly or indirectly through mandated limits on carbon
emissions, are reduced, modified or eliminated; (vii) potential
adverse effects on Nuvve's backlog, revenue and gross
margins if customers increasingly claim clean energy credits and,
as a result, they are no longer available to be claimed by
Nuvve; (viii) the effects of competition on Nuvve's
future business; (ix) risks related to Nuvve's
dependence on its intellectual property and the risk
that Nuvve's technology could have undetected defects
or errors; (x) the risk that we conduct a portion of
our operations through a joint venture exposes us to risks and
uncertainties, many of which are outside of our control;
(xi) that our joint venture with Levo
Mobility LLC may fail to generate the expected financial
results, and the return may be insufficient to justify our
investment of effort and/or funds; (xii) changes in
applicable laws or regulations; (xiii) the COVID-19
pandemic and its effect directly on Nuvve and the
economy generally; (xiv) risks related to disruption
of management time from ongoing business operations due to our
joint ventures; (xv) risks relating to privacy and
data protection laws, privacy or data breaches, or the loss of
data; (xvi) the possibility that Nuvve
may be adversely affected by 3 other economic, business,
and/or competitive factors, including increased inflation and
interest rates, and the Russian invasion of Ukraine; and (xvii) risks related
to the benefits expected from the $1.2
trillion dollar infrastructure bill passed by the U.S. House
of Representatives (H.R. 3684). Should one or more of
the risks or uncertainties described in this press release
materialize or should underlying assumptions prove incorrect,
actual results and plans could differ materially from those
expressed in any forward-looking statements. Additional information
concerning these and other factors that may impact the operations
and projections discussed herein can be found in the Annual Report
on Form 10- K filed by Nuvve with the
Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports
that Nuvve has, and will file from time to time with
the SEC. Nuvve's SEC filings are available publicly on
the SEC's website at www.sec.gov.
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SOURCE Nuvve Holding Corp.