The following is a summary of the Nuvve Holding Corp. (NVVE) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Nuvve Holding reported 2023 annual revenues of $8 million, meeting their projected targets.

• The Q4 2023 revenue was recorded as $1.64 million, showing an improvement from $1.15 million in Q4 2022.

• The company successfully reduced yearly costs by $4.6 million and managed to raise $9.6 million of new capital in the first quarter of 2024.

• The total revenue for 2023 came out as $8.3 million which indicates a decent growth of 55.1% over the year 2022.

Business Progress:

• Nuvve reported satisfying year-over-year growth with boosted sales and increased deployment of charging stations that are linked to its GIVe V2G software platform.

• 108 chargers were added to the company's V2G GIVe software during Q4, leading to an overall annual increase of 44.6% in megawatts under management.

• The company has entered into trustful partnerships with Toyota Tsusho and Japan's Chubu Electric Power Miraiz Company, intending to expand in the Japanese stationary battery market.

• Nuvve has been chosen for a $16 million project by the Fresno Economic Opportunity Commission which focuses on fleet electrification.

• The launch of a dedicated company website to provide customer resources, latest project updates and other relevant information marks a significant business development.

• With consistent performance, Nuvve aims to achieve an annual revenue ranging between $15 million to $20 million in 2024.

More details: Nuvve IR

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