PR Newswire·Oct 8, 2025, 6:47 PM ET

NeoVolta Expands Portfolio With Neubau Energy Acquisition, Targeting Higher Revenues and Margins

NeoVolta Inc (NASDAQ: NEOV) finalized an asset purchase agreement on October 1, 2025, to acquire Neubau Energy's next-generation modular battery platform, with closing expected by October 15, 2025.
The transaction is projected to be immediately accretive to both revenue & gross margins while providing tariff-free access to advanced battery technology via Neubau's Austrian manufacturing base.
NeoVolta appointed Amany Ibrahim as Chief Operating Officer & Thomas Enzendorfer as Chief Technology Officer, while former COO Michael Mendik remains with the company as Chief Product Officer.
Neubau's modular technology allows for a 30-minute installation by a single installer, expected to cut deployment costs by up to 75% & expand access to new installer networks.
Under the deal terms, NeoVolta paid $500,000 in cash, issued 200,000 restricted common shares at signing, & agreed to pay $10 per neuClick Battery Module sold for three years.
NeoVolta may issue up to 4 million additional restricted shares if specific Neubau-related revenue milestones are achieved before December 31, 2028.
The acquisition integrates Neubau's proprietary architecture, protected by over a dozen patents, into NeoVolta's distribution network to accelerate expansion in the residential energy storage market.