Nuvve Holding Corp. and Blue Bird Corporation announced their plan to deploy the extensive financing capabilities from Levo Mobility LLC (Levo), Nuvve's recently formed joint venture with Stonepeak Partners LP, across Blue Bird's distribution network, allowing customers to lease V2G electric school buses, related charging infrastructure, and energy management for an attractive flat monthly fee with no upfront costs. The Nuvve and Blue Bird partnership expansion also makes V2G ubiquitous in the electric school bus market by integrating Nuvve V2G charging infrastructure within the Blue Bird manufacturing and distribution network.

Nuvve and Blue Bir previously announced their collaboration to introduce V2G-compatible electric buses to the U.S. market and more intelligently integrate electric vehicles (EVs) into the grid using Nuvve's V2G platform. All Blue Bird Type C and D electric buses are manufactured with Nuvve's V2G integration which, when combined with a Nuvve V2G charging station, are able to store and discharge energy. The excess stored energy across multiple buses can be combined to form virtual power plants (VPPs) offering valuable grid services that earn revenue.

Blue Bird's V2G capability provides a significant advantage over other electric buses to school districts, by providing a way to leverage the buses when parked and connected to help stabilize the grid and prevent blackouts. Levo will offer its Fleet-as-a-Service (FaaS) model through Blue Bird's nationwide distribution network, providing fully financed electric school buses along with associated charging infrastructure, service, and energy management to qualified Blue Bird customers and dealers. Levo has a capital commitment of up to $750 million with the potential to electrify up to 3,500 school buses.

By providing multiple paths to acquire electric school bus fleets, Nuvve, Levo, and Blue Bird are delivering flexibility to school districts and bus operators and accelerating their path towards electrification and sustainability. By using Nuvve's V2G platform, schools can realize cost benefits by intelligently charging electric buses when rates are low and allowing Nuvve to sell the excess energy in their electric buses back to the grid when needed; these proceeds can be shared with customers or help offset upfront costs of charging infrastructure. Additionally, the technology enables electric vehicles to act as "storage on wheels" for renewable energy, including solar and wind that is intermittent by nature, and helps integrate these resources into the grid in a more predictable and reliable way.