Despite a 58% decrease in revenue attributed to lower sales orders, the company achieved improved margins. Selling, general, and administrative expenses decreased by 4%, while research and development expenses were down by 24.3%.
Nuvve, Blue Bird Team to Build First All-Electric Texas School Bus Fleet
Martinsville Independent School District replaced its diesel buses with five Blue Bird Vision electric school buses powered by Nuvve Level 2 charges and managed by Nuvve's FleetBox software.