NeoVolta has secured $13m in private placement financing to advance its domestic manufacturing ambitions, marking a significant step in the company’s push to scale U.S.-made battery energy storage systems.
The financing round is anchored by Infinite Grid Capital (IGC), which has committed $10m as part of a long-term strategic relationship aimed at accelerating NeoVolta’s next phase of growth.
The funding is designed to support NeoVolta’s planned entry into large-scale U.S. production. A substantial portion of the capital is earmarked for a proposed state-of-the-art manufacturing facility in Georgia, outlined in a memorandum of understanding with third-party partners. If finalized, the plant would be built with an initial annual capacity of around 2 GWh, focusing on utility-level and commercial and industrial (C&I) battery energy storage systems. The company expects operations could begin ramping up in 2026, pending definitive agreements.
The initiative would position NeoVolta to benefit from federal incentives encouraging domestic battery production and supply-chain resilience — a priority for both U.S. energy policy and companies seeking to reduce dependence on imported storage technologies. The expansion would also strengthen the country’s industrial base by adding new manufacturing capabilities in a sector seeing rapid demand growth due to grid modernization, electrification, and extreme-weather resilience needs.
NeoVolta CEO Ardes Johnson said the investment arrives at a pivotal moment for the company’s U.S. manufacturing strategy. “IGC is well-capitalized and highly aligned with our vision as we advance our domestic manufacturing plans and scale our commercial and grid-aligned channels,” Johnson said. “The investment delivers the capital and support we need while preserving the flexibility essential to our next phase of growth.”
IGC leaders framed the deal as a commitment to strengthening American clean-energy manufacturing. “IGC is proud to back NeoVolta’s U.S. manufacturing initiative,” said Frank Liu, the firm’s general partner and CEO. “This partnership reflects our commitment to advancing domestic energy storage capabilities and enabling the next phase of scalable growth.”
Beyond manufacturing, the two companies intend to collaborate on future commercial opportunities, including potential offtake agreements that could align NeoVolta’s products with IGC’s grid-scale portfolio.
While the memorandum of understanding remains non-binding, both parties say they are committed to pursuing the strategic initiative and will provide updates as the project advances. If realized, the Georgia facility would represent a meaningful expansion of U.S. battery-storage production at a time when domestic capacity is considered critical for energy security, economic competitiveness, and the growth of American clean-tech manufacturing.
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