NeoVolta Inc. Increases Ownership In NeoVolta Power To 80 Percent While Retaining Full Operational And Board Control Of U.S. Battery Manufacturing JV In Georgia

NeoVolta Inc. has announced an updated ownership structure for NeoVolta Power, its U.S.-based battery energy storage system manufacturing joint venture located in Pendergrass, Georgia. The move is aimed at strengthening the company’s control and long-term economic position in the business while aligning with domestic manufacturing policies. Under the revised arrangement, NeoVolta has increased its ownership stake in NeoVolta Power from 60% to 80%. The remaining 20% stake will continue to be held by CCC, a U.S. subsidiary of PotisEdge.

Despite the presence of a minority partner, NeoVolta retains full control over the board and day-to-day operations, with no authority granted to minority investors to influence key strategic or operational decisions. This restructuring allows NeoVolta to capture a larger share of the venture’s financial returns while maintaining a simplified governance model. Importantly, the transaction does not require any additional cash investment from the company, making it a financially efficient way to increase its participation. As part of the broader update, NeoVolta has also entered into a sales, marketing, and business development agreement with PotisEdge.

In exchange for this expanded commercial collaboration, NeoVolta will issue approximately 1.2 million shares of its common stock. The company expects this partnership to enhance its market reach by leveraging PotisEdge’s industry experience, customer relationships, and commercial expertise. The updated structure reflects NeoVolta’s focus on building a scalable and compliant domestic manufacturing platform. Increasing its ownership stake not only strengthens its financial position but also aligns the venture more closely with U.S. regulatory and incentive frameworks.

This includes improved access to benefits such as the Section 45X Advanced Manufacturing Production Tax Credit and the Section 48E Investment Tax Credit, which support clean energy manufacturing and investment. NeoVolta will continue to consolidate the financial results of NeoVolta Power under U.S. accounting standards, with the minority stake recorded as a non-controlling interest. Alongside this, the company is developing its own internal sales and marketing capabilities. Combined with PotisEdge’s support, this creates a dual-channel go-to-market strategy designed to improve customer engagement, expand market understanding, and accelerate commercial growth as NeoVolta Power moves closer to full-scale operations.