NeoVolta Inc increases ownership stake in NeoVolta Power to 80% while retaining full operational and board control of U.S. battery manufacturing joint venture in Georgia
NeoVolta Inc increased its ownership stake in NeoVolta Power from 60% to 80%, securing full governance and financial control over the U.S. battery manufacturing joint venture based in Georgia. The transaction strengthens NeoVolta’s operational and board-level authority while maintaining its strategic partnership with PotisEdge, which enhances market reach and operational synergies. The move aligns with U.S. manufacturing policies, positioning the joint venture to capitalize on federal tax credits and incentives aimed at boosting domestic energy storage production. By consolidating control, NeoVolta aims to accelerate growth and scalability in the battery manufacturing sector, leveraging PotisEdge’s complementary capabilities. The deal underscores NeoVolta’s commitment to expanding its footprint in the energy storage value chain amid rising demand for grid-scale and commercial battery solutions.
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