Business
NeoVolta Expands Portfolio With Neubau Energy Acquisition, Targeting Higher Revenues and Margins
NeoVolta Inc. (NASDAQ:NEOV) is moving quickly to scale its energy storage business, signing an asset purchase agreement for Neubau Energy's next-generation modular battery platform and adding Neubau's senior leadership team to its ranks.
About this update from Neovolta Inc.
[{"type":"text","content":"NEW YORK, Oct. 8, 2025 /PRNewswire/ -- NeoVolta Inc. (NASDAQ:NEOV) is moving quickly to scale its energy storage business, signing an asset purchase agreement for Neubau Energy's next-generation modular battery platform and adding Neubau's senior leadership team to its ranks.","length":289,"tagName":"p"},{"type":"image","alt":"NeoVolta Logo","displaySize":"","headline":null,"caption":"NeoVolta Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":213,"url":"https://media.zenfs.com/en/prnewswire.com/5a5d86eeea2af45a02e2ae9acec48fc8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QPRnoJmzk7n4IyCYxLWhCw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5a5d86eeea2af45a02e2ae9acec48fc8","width":400,"height":213}},"href":"https://mma.prnewswire.com/media/2792096/NeoVolta_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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.","length":148,"tagName":"p"},{"type":"text","content":"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.","length":243,"tagName":"p"},{"type":"text","content":"Amany Ibrahim, co-founder and former Chief Strategy Officer at Neubau Energy, led product innovation and market expansion for its modular residential battery platform. She brings over a decade of operational experience in energy and infrastructure. Thomas Enzendorfer served as CEO of Neubau Energy in California and Managing Director in Vienna, overseeing solar manufacturing and distribution. His prior roles include Director of Solar Energy at Fronius USA and President of Soligent Distribution LLC.","length":502,"tagName":"p"},{"type":"text","content":"A Platform Built for Speed","length":26,"tagName":"p"},{"type":"text","content":"By integrating Neubau's modular energy storage technology, NeoVolta expects to accelerate its expansion across the residential storage market. Neubau's 30-minute installation systems will soon be available under the NeoVolta brand, cutting deployment costs by up to 75% ...