NeoVolta to acquire Neubau Energy

NeoVolta (NEOV) signed an asset purchase agreement for Neubau Energy’s next-generation modular battery platform and adding Neubau’s senior leadership team to its ranks. The transaction, finalized on October 1, 2025, is expected to close by October 15 and to be immediately accretive to both revenue and gross margins. As part of the transaction, NeoVolta has appointed Amany Ibrahim as Chief Operating Officer and Thomas Enzendorfer as Chief Technology Officer. Michael Mendik, NeoVolta’s previous COO, will remain with the company as Chief Product Officer. Under the terms of the agreement, NeoVolta: Paid $500,000 in cash and issued 200,000 restricted common shares at signing; Will pay unit royalties of $10 per neuClick Battery Module sold for three years, and; May issue up to 4 million additional restricted shares if Neubau-related revenue milestones are met before December 31, 2028. NeoVolta expects the transaction to: Strengthen its leadership with Neubau’s senior executives joining key operational roles; Reduce installation times by up to 75%, expanding access to new installer networks; Add high energy-density ESS modules and modular battery patents to its portfolio; Lessen exposure to 2026 tariffs through Neubau’s Austrian manufacturing base.