NeoVolta Raised ~$23B In Gross Proceeds Through Two Funding Transactions

NeoVolta Inc. (NASDAQ: NEOV) ("NeoVolta" or the "Company"), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced it has successfully raised approximately $23 million in gross proceeds through two financing transactions in December 2025 and January 2026 to support working capital requirements and fund the Company's capital commitments to NeoVolta Power, LLC, a transformational 2 GWh battery energy storage system (BESS) manufacturing joint venture in Georgia. NeoVolta holds a 60% controlling interest in the joint venture, which is advancing rapidly toward mass production expected in mid-2026.

The Company has completed its initial $7 million capital contribution to the joint venture, representing the first of three funding milestones under the joint venture agreements. The financing proceeds substantially de-risk NeoVolta's near-term capital obligations while ensuring adequate working capital to support the Company's core residential and commercial energy storage business as it scales operations.