NeoVolta Inc. has closed a $13 million private placement, with Infinite Grid Capital contributing $10 million as the anchor investor and the remaining $3 million coming from other investors. The transaction was finalized on November 24 2025 and provides the company with the working capital needed to accelerate its manufacturing and product launch plans.
The proceeds will be used to build a new battery‑energy‑storage‑system (BESS) manufacturing facility in Georgia. The plant is slated to have an initial annual capacity of roughly 2 GWh and will focus on utility‑level and commercial‑industrial (C&I) BESS deployments. Operations are expected to ramp up in 2026, contingent on finalizing definitive agreements and completing construction.
NeoVolta’s financial profile shows a net loss of $5.31 million for the most recent twelve‑month period, but the company maintains a current ratio of 1.47, indicating sufficient liquid assets to cover short‑term obligations. Revenue for fiscal 2025 rose 219 % to $8.4 million, and Q1 FY2026 revenue is projected to exceed $6.5 million, reflecting a strong acceleration in demand for large‑scale storage solutions.
Strategically, the financing supports NeoVolta’s shift from a residential‑focused business to a broader utility and C&I market presence. The company is also pursuing a $250 million loan application with the U.S. Department of Energy’s Loan Programs Office and has recently acquired assets from Neubau Energy, including the neuClick™ modular battery platform, which is expected to be immediately accretive to revenue and gross margins.
CEO Ardes Johnson said, “Infinite Grid Capital’s $10 million investment gives us the capital and flexibility we need to build a domestic manufacturing platform that can meet the growing demand for utility‑scale battery storage.” He added that the partnership positions NeoVolta to capture downstream opportunities in the expanding U.S. market.
Management notes that while the company remains unprofitable, the new capital infusion strengthens liquidity and supports the execution of its expansion strategy. Investors are closely monitoring NeoVolt’s ability to convert the financing into operational milestones, given the company’s recent stock price decline and the conditional nature of the Georgia facility’s construction plans.
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