Nxu is an early-stage U.S. company developing EV charging technology. Its primary product is the NxuOne™ charging station, designed to deliver up to 4.5 MW of power per pedestal — well above most commercially available EV chargers. The NxuOne™ supports North American Charging Standard and CCS2 protocols, and is designed to accept direct current inputs from energy storage systems, which Nxu argues reduces the need for costly utility grid upgrades at charging sites. Nxu targets both consumer and commercial EV customers, with a focus on high-power charging for vehicles towing trailers or carrying heavy loads. Nxu's revenue model is simple: customers pay per kWh of electricity consumed at Nxu's charging stations. However, Nxu remains largely pre-revenue — founded in 2016, the company deployed its first and only pilot charging site in Mesa, Arizona in September 2023, has four full-time employees as of year-end 2024, and has incurred losses since inception. Nxu has funded operations primarily through equity fundraising campaigns and public markets. Nxu is pursuing a merger with Verde Bioresins, approved by shareholders in February 2025, and has acknowledged that if the merger does not close, the company could be forced to dissolve or seek bankruptcy protection.