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.
"With Nuvve K-12, school transportation
leaders are not alone on their electrification journeys."
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.