Nuvve Results Presentation Deck

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) Operating activities Net loss Adjustments to reconcile to net loss to net cash used in operating activities Depreciation and amortization Stock-based compensation Change in fair value of warrants liability Change in fair value of derivative liability Gains from sale of investments in equity securities Noncash lease expense Change in operating assets and liabilities Accounts receivable Inventory Prepaid expenses and other assets Accounts payable Accrued expenses Deferred revenue Net cash used in operating activities Investing activities Purchase of property and equipment Proceeds from sale of investments in equity securities Net cash provided (used) in investing activities Financing activities Proceeds from Direct Offering of common stock, net of offering costs Proceeds from common stock offering, net of offering costs Payment of finance lease obligations Net cash provided (used) in financing activities Effect of exchange rate on cash Net decrease in cash and restricted cash Cash and restricted cash at beginning of year Cash and restricted cash at end of period Ⓒ2023 Nuvve Holding Corp. All rights reserved. Confidential and proprietary. 35 $ $ Three Months Ended March 31, 2023 2022 (7,660,105) $ 76,520 965,820 213,758 76,840 (325,155) 115,576 (1,427,503) 1,519,589 (342,511) (28,178) 1,021,709 (38,062) (5,831,702) (11,125) 1,325,155 1,314,030 470,000 136,717 (1,896) 604,821 5,413 (3,907,438) 16,233,896 12,326,458 $ (4,731,261) 67,302 1,455,644 (4,776,000) (53,472) 178,849 454,849 1,789,982 (915,356) (2,521,672) 624,722 (23,476) (8,449,889) (250,861) (250,861) (2,073) (2,073) 146,949 (8,555,874) 32,740,520 24,184,646

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