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2025-11-24 21:32
NeoVolta Inc. (NASDAQ: NEOV) ("NeoVolta" or the "Company"), a U.S.-based energy technology company delivering scalable storage for resilient residential and commercial power infrastructure, today announced that it has entered into agreements for a $13 million private placement financing anchored by Infinite Grid Capital ("IGC"), in connection with a long-term relationship to support NeoVolta's next phase of scalable growth and U.S.-based manufacturing expansion.
The investment is structured to provide both immediate and future capital support for NeoVolta's planned domestic manufacturing initiative. In addition to the relationship with IGC, a substantial portion of the investment proceeds is intended to advance this initiative pursuant to a memorandum of understanding ("MOU") with third parties to establish and operate a state-of-the-art battery energy storage manufacturing facility in Georgia. This initiative, if pursued to completion, would emphasize domestic production aligned with federal incentives supporting battery manufacturing and compliance with relevant standards.