The assets acquisition of Fermata Energy was completed through Nuvve’s newly formed subsidiary, Fermata Energy II (Fermata 2.0), focused on scaling intelligent, bidirectional energy solutions.
Several key members of the Fermata team will join Fermata 2.0, bringing their expertise in V2G integration, software development, OEM and utility engagement, regulatory strategy, business operations, and business development. Nuvve says this continuity will accelerate product roadmap execution and ensure trusted relationships are maintained.
“This partnership ensures continuity for our technology and our mission,” said David Slutzky, founder and chairman of Fermata Energy. “Nuvve brings the scale, complementary capabilities, and vision to amplify Fermata’s impact. I’m proud of what we’ve built and excited about what’s ahead.”
Fermata 2.0 acquired substantially all of the assets of Fermata and assumed certain specified liabilities. As part of the transaction, Fermata 2.0 issued 4,900,000 shares of convertible preferred stock to former Fermata debt holders. The total purchase price is approximately US$659,000, consisting of approximately US$340,000 in cash and the remainder in assumed liabilities.
Fermata 2.0 will be jointly led by Gregory Poilasne as CEO and Hamza Lemsaddek as chief operating officer, combining strategic oversight with operational execution to scale the platform and deepen customer impact. “By acquiring Fermata’s assets, we’re creating the leading platform to fully realize V2G’s potential,” said Poilasne. “Together, we accelerate the energy transition by making EVs integral to energy security and grid resiliency.”
The companies will continue to support and expand existing customer and partner relationships on both sides, ensuring that long-standing collaborations with utilities, OEMs, and fleet operators are preserved and enhanced through this integration.
“This assets acquisition is about unifying capabilities and accelerating the deployment of intelligent, bidirectional energy solutions,” said Lemsaddek. “We’re building an end-to-end platform that empowers fleets, utilities, and OEMs to participate in the energy transition more effectively and more profitably.”
Immediate operational efficiencies include consolidating software platform teams and AWS infrastructure within Fermata 2.0, significantly reducing annual expenses by approximately US$2m. Sales synergies are emerging as Nuvve expands its hardware offerings into markets previously served by Fermata. Joint engineering and R&D initiatives will pursue innovation and collaborative grant-funded projects, further supported by the combined Nuvve and Fermata IP and engineering resources.
Fermata 2.0 will deliver a new generation of white-label software solutions, combining Fermata’s proven optimization and forecasting capabilities with Nuvve’s advanced AI-driven grid intelligence. By integrating intelligent energy management directly into electric vehicles or offering it as a standalone service for fleet operators and utilities, Fermata 2.0 will unlock new value streams across the mobility and energy sectors. Customers will benefit from enhanced predictive charging insights, dynamic peak load minimization, and expanded grid service opportunities, powered in part by Nuvve’s Astrea AI™ platform. Together, these capabilities create a more scalable, flexible, and commercially powerful solution than either company could deliver independently.
Looking ahead, Fermata 2.0 says it is positioned to play a critical role in Nuvve’s growth strategy as the company expands its presence in behind-the-meter markets and strengthens its VPP services across regulated and deregulated markets alike, with potential to drive incremental revenue from new white-label licensing opportunities, expanded DER optimization contracts, and fleet electrification partnerships. It also provides a focused investment vehicle within Nuvve for scaling software-first energy services.
