How to install multiple node versions on the same machine

Our headless CMS, Strapi requires node version <= 14.x.x and we had node version 15 installed in our development machine. So that brought a question to my mind, is there a way like python venv for node to install different versions in the same machine. After doing a quick investigation, I found nvm node version manager that lets you have different versions of node on the same machine and switching between them.
How to install
curl -o- https://raw.githubusercontent.com/nvm-sh/nvm/v0.38.0/install.sh | bash
or
wget -qO- https://raw.githubusercontent.com/nvm-sh/nvm/v0.38.0/install.sh | bash
To verify installation run nvm --version
List and Install node versions
To list available versions, you can run
nvm ls-remote
To install specific version you can use nvm install VERSION for example
nvm install 12.18.4
Switch between different versions
You can use nvm use to switch to a specific version. For example
nvm use 12.18.4

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How to install multiple node versions on the same machine