Good our us afternoon, joining everyone. for the Thank for you, quarter. results Joe. Thanks discuss to today second
have the We executing to technology. grid exciting mission VXG underway partnerships through our on significant and accelerate are of work making of proprietary and vehicle progress transportation our to lot electrification a of
our the We implementation key the of customers around through are and world. advancing partnerships technology
is While future adoption robust our will take is time, pipeline our and bright.
we We to build are would we what delivering our on do said momentum.
recent second results, and have. Our looking team quarter is of hard and forward through at the the the resources I remainder are David our walking work, opportunities we outlook capitalizing and year. on to for you developments
provide be us the how we the welcome like achieving new into have of helping and Nuvve of I’d and our differentiated to brief overview Before second who key the mission. developments a technology we may quarter, it's to investors dive
scalable the lower sustainable ownership of and renewable to green for energy whilst supporting is vehicle society. the integration of mission electric Our cost
of a vehicle of generation electric Our GIVe refuels next grid is platform fleets. the Nuvve's
sources are a from renewable largest VXG bringing on providers with providing the utilities, charging and streamline transition projects the is operators through parked and such market essence, in to commercial OEMs, we with our together Nuvve gap for been This have over for in are linking a between energy billion-directional multiple services is founding and adoption transportation virtual our microeconomic VXG among variety energy. batteries technology services a and to energy, to electric to hydro fleet the store discharge and enables well-positioned a bridging to and into worldwide grid we and secured VPP, or help totaling the to VXG opportunity that The partnerships batteries proprietary automakers plant included of by EV opportunity And wind. Our shifts the XXXX, It stations utilities, reasons. vehicle renewable when is successful the mobility integrate ecosystem, huge climate and There fleets. of electric qualified deploying these to continents trillion. we $X accelerate capture vehicle developing in is five opportunity. as VXG of vehicle global Since power allows electric electric sit lifetime, electric the manner. And tremendous change. at solutions center to in solar
competitors First, making to key our difficult functions IP. our patents, it without intellectual property for from includes dialing get VXG
started and the in of Delaware our development dollars of IP Team XXs of decades only an acquisition with Academy but originated Unit funding the invested have in not XXXX technology technology. of commercialization and that of at prior Our University of project to millions
qualification, get to it to other With Second, anywhere for expand this approval. three years easier we by transmission it already in take are which qualified operators, makes multiple us areas. one typically to system from
over of have decade we experience. a Third,
factors, value proposition. element have for developments, and with relationships strong of collected which market a huge significant amount a lessons each global key have Because accurate which optimize Four, to a monetization. allows Our as key and as bring these well competitive experience data, Nuvve key and into of we we differentiator has history rapid customers participation us learned us. for the advantage, is is Further, our our continuing our key our all initiatives and to faster in the our some long-term. And quarter region, creating enables fronts, value our near in technology which set new to out make call, and customers turn progress are experience proud say, and and tremendous benefits at first of VXG bring customers to of earnings to incredible shareholders partnerships. I'm unique we we for our the On a in rate. a
highlights recent our with Mobility portfolio Evolve X, quarter the Levo On sustainable last that Infrastructure. joint our completed Stonepeak of following: of venture, Stonepeak announced company and we Partners we August Transition Some include formation
We very create Levo forward. the are Nuvve going excited opportunity that about will for
Levo's X the capital billion Stonepeak venture, to plan is mission Levo. of an part the of upto As million electrification deploy rapidly to joint commitment transportation and from Levo grid funding to advance to for electrical by VXG-enabled of lower Levo’s aggregate deployments. $XXX are in not vehicals fleet when total operation fleets electric the vehicle cost and the solution owners, use. electrification, streamlines simplifies and EV turnkey support the
powered provide the management, infrastructure maintenance, For and EV buses, as such Nuvve's school upfront fixed payment energy platform, Levo monthly advice. with EVs, a cost, technical no by VXG station electric and charging charging will
for transportation of the to $X.X a electrify electric the which and for public owners replace bring billion to also to to bridge we've gap to trillion fleet communicated lead nation's vehicles Framework represent funding districts expertise, in only other while need X,XXXs fleet electrify the of buses options buses, have VXG top remains between full believe the school carbon the been zero to administration, within for $X.X engine reducing Biden aims emission proposed Electrifying priority opportunity with Bipartisan funding across emissions. bus internal the financed an combustion plan US, country. the all available needed Infrastructure the school a fleet we We provide very on buses business the focused aims and -- do in ability solidify school fraction our transit school provide model and and previously electric Levo’s so. to gap to EV
for offer fastest we and are focused widespread districts is While return, technology. In scaled and build on we the In to to just critical One of our reach simplifying needs. see beginning the forward, also are also the school about revenue. Levo and is the fleet commercial the far, drive and to the finalizing fleets, in not future value with feed by delivery, offering. technology end-to-end far operators hailing that to Nuvve's these path translates school opportunity ride process can municipal where of focused going that we a the sharing, as developers, dealerships expand other fleet, focus complements including enable on chain growth highest last-mile owners targeting global vast continue differentiated will work to of districts well experience, and Nuvve our but adoption from do key JV a of the short, the with partners, industry is replicated right the whole across ride services. to near-term, be we see that supporting relationships. initial commercialization. states that to VXG potential This dealerships such differentiator we bus approach handful those Nuvve verticals is of school customer as work as a our path That where to
I'd life over there Over commitment the term, school the turn on that, Bird. opportunity now bus, from is partnership annual Stonepeak the have million the to achieve leader long significant believe to we years. which on to electric of XX great like we $XXX industry is the an based average bus with Blue revenue the
three our extend the VXG first call utilizing bus charging an delivered they last MOU in announced quarter, partnership operational And typical our technology. key aspects. that discussed we school yesterday, we our covering As
Bird school First, related the to Levo of Mobility. and infrastructure financing buses, Blue
the Second, station local districts. of to the at deployment to key school solution demonstrate dealerships charging
the of of solution. a drive to Finally, extended site example will our the These large differentiated lot to number US.. products Blue lead demonstrate Bird the continue across implementation outside charging of get important of our partnerships and to to stations stability are in OEMs parking the deployment technology the the the production
announced we other few a include in School well deployment DCC kilowatt our Cajon quarter, by and the states, initial Valley in and Districts other deployments also as including School in solution deployments the previous that, California as expanding Ramona this During these – quarter. taking districts,
Mobility. few demonstration supported of Some of key goes combination by The with the in are including well [indiscernible] such not such deployments, utilities scale with a others technology as announced. yet purpose as Levo to deployments simple deployments full financing in from these of as and utilities partnership
large a approved We by have other allows large municipalities for which number of a districts. us reach also IQs number qualified and Sourcewell, – and school to been
with second great leader delivering quarter, battery full collaboration solutions This we industries Through across Power's also system. an build technology direction. battery with announced we transportation to energy of is electrify another our advanced Romeo demonstrates communication forward this we Levo and to to that collaboration, and It applications. commercial create platform energy Power, integration protocols zero example management vehicle Mobility. our continuing commercial reach We need fleets. the will is electrification from the a between this are for world vehicle publicly of carbon complex integrate BXC Nuvve's and the Romeo During traded a step of how the innovation collaboration a technology ecosystem to financing solution in providers
update next a subsidiary ApS. Denmark Europe, to on called Denmark through an Nuvve in Turning in our business
has demonstrated and of value which areas the see economic market VXG to continue favorable successfully viability deployed been technology, of We in an conditions. with
through of during be VX we're are can like working from that with who announced Spain, quarter the realized. area the new also promises partnership that We fully markets, VXG a
growth he Group, technology appointed Christian skill as experience, leader Christian and his operational innovative developing an Domestic Blom. along impressive the COO serves which and we to chain honed set, the large managing Christian We career significantly our his an range benefiting successfully Innovative offering including with and market. Corporations efforts bringing Renewable supply helped as to experience of has grew and International operations to develop products forward region, through year's business. efficiency, as Products. is Kyoto pleased XX-plus recently, continue of we of Energy Most are a As broad and driving across from well where have Europe, leadership CEO in new his look industry
can we critical you demonstrate governments societies, exciting plays of underway lot across globe. the he companies role with and have that see, momentum which the As a
our continue we seeing demand build to As progress, customers. for strong technology from are we
strong through how will this David JV. provide will a including We to Levo translate backlog. And around the revenue have color overtime, the
believe, We In future even contracts and growing a quarter. backlog. and revenue. in customer of And we is of our pipeline the faster good through robust backlog demand our addition, indicator our than success strong customer and rate is a pipeline achieving, number we at an partnership the strong progress have growing the large second are
Looking customers, helps other and turn the our to ahead, build the our XX experience complex implementation believe, each well efforts. will vital in I building positioned technology including relationships continue partners stakeholders with David. that OEMs, in we for now, years business market. call key we of world with are And to of continuing the this accelerate And of our to over our