Nuvve Names Senior Sales Executive to Lead K-12 Student Transportation Division

Senior Vice President of Sales David Bercik comes from partner Blue Bird with responsibility for Nuvve K-12, a new dedicated division providing turnkey fleet electrification services for North American student transportation

SAN DIEGO, June 6, 2023 /PRNewswire/ -- Experienced student transportation and automotive sales and marketing executive David Bercik has joined Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in vehicle-to-grid (V2G) technology, to launch Nuvve K-12, a new division focused on turnkey electrification services for student transportation. As Senior Vice President of Sales – School Bus and GSA, Bercik will lead Nuvve's North American student transportation and government fleet sales, supporting its customers through their entire electrification process. 

Nuvve K-12 serves public and private school districts and fleets. Its specialists accelerate school fleet electrification by applying their experience and expertise while Nuvve's GIVe™ platform generates recurring V2G revenue and reduces charging costs through intelligent managed charging. Ultimately, these services help lower the cost of operating an electric school bus (ESB) or fleet.

"We formed Nuvve K-12 to best serve the unique and urgent needs of North American school transportation departments as they seek to phase out dirty diesel buses and reduce their operation costs. With Nuvve K-12, school transportation leaders are not alone on their electrification journeys," said Nuvve CEO Gregory Poilasne. "I can't think of a more qualified or driven leader for overseeing this division and our government sales than David Bercik."

Bercik brings nearly 30 years of sales and marketing leadership experience to his role, including leadership roles in the school bus, automotive, healthcare and farm equipment sectors. Most recently, as Senior Vice President, Global Sales and Marketing at Blue Bird Corporation, Bercik oversaw substantial growth in the company's electric school bus sales, developed the supporting eco-system and enhanced relationships with the Blue Bird dealer network.

In 2022, Nuvve's specialists secured EPA Clean School Bus grants for 10 school districts in four states totaling $24.2 million for 61 ESBs and chargers, with more grant applications in the works for 2023. For schools that are ineligible for federal or state grants or want to finance a portion of their fleet, Nuvve K-12 can source the best turnkey financing solutions possible. Currently, Nuvve K-12 is supporting active deployments in Arizona, California, Colorado, Texas and New York.

"It's an exciting time to join the V2G movement and its technology leader Nuvve," said Bercik. "With the Nuvve K-12 model, I look forward to helping more school districts transition to electric school bus fleets while making the transition to a cleaner, quieter and healthier environment more affordable. Since these complex solutions require significant interactions between dealers, school districts, fleets, OEMs, utilities and/or supplier partners, the Nuvve K-12 team will help champion them."

About Nuvve Holding Corp.
Nuvve Holding Corp. (Nasdaq: NVVE) is the global leader in vehicle-to-grid 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.

Nuvve Press Contact
(W)right On Communications, David Cumpston
dcumpston@wrightoncomm.com, +1 415-902-4461

Nuvve Investor Contact
ICR Inc.
nuvve@icrinc.com, +1 646-200-8872

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.