San Diego, CA – October 7, 2025 – NeoVolta Inc. (NASDAQ: NEOV) has entered into an asset purchase agreement to acquire key assets from Neubau Energy, following its September 10 letter of intent. The transaction is expected to close by October 15, 2025 and is projected to be immediately accretive to NeoVolta’s revenue and gross margins.
As part of the integration, NeoVolta has brought on Neubau executives into leadership roles: Amany Ibrahim joins as Chief Operating Officer and Thomas Enzendorfer as Chief Technology Officer. Michael Mendik, the former COO, will continue as Chief Product Officer.
“Merging Neubau’s talent and next-gen battery manufacturing platform is a major milestone in our multi-channel growth strategy,” said Ardes Johnson, CEO of NeoVolta. “This acquisition accelerates our penetration in the residential energy storage market. Neubau’s 30-minute installation systems are now available under the NeoVolta brand, and their technology portfolio gives us tariff-free access to advanced battery solutions.”
Amany Ibrahim added,
“Our team is excited to join NeoVolta and scale adoption of our modular residential battery system, which offers the highest energy density in its class. Our technology dramatically reduces deployment costs and streamlines the value chain.”
Key Benefits of the Acquisition
- Strengthened Leadership: Neubau executives take on key operational and technology roles.
- Faster Installations: Sub-30-minute systems expand installer networks and reduce deployment costs by 75%.
- Advanced Modular Technology: High energy density residential energy storage modules with truly modular architecture.
- Tariff Mitigation: Reduces the impact of upcoming 2026 battery tariffs.
- Expanded Intellectual Property: Additional patents covering advanced modular battery systems.
- Installer Base Growth: More technicians trained to expand NeoVolta’s service reach.
Transaction Details
- Initial Consideration: $500,000 cash + 200,000 shares of restricted common stock.
- Unit Royalties: $10 per neuClick Battery Module sold for three years.
- Additional Shares: Up to 4 million shares issuable upon reaching certain revenue milestones by December 31, 2028.
About the Executives
Amany Ibrahim – Chief Operating Officer
- Former Chief Strategy Officer at Neubau Energy
- Co-founder of Neubau’s modular battery platform
- Over a decade of operational growth experience in energy and infrastructure
Thomas Enzendorfer – Chief Technology Officer
- Former CEO of Neubau Energy Inc. and Managing Director of Neubau Energy GmbH (Vienna)
- Extensive background in solar manufacturing and distribution
- Previous roles: Director of Solar Energy at Fronius USA; President at Soligent Distribution LLC
About Neubau Energy
Founded in 2023, Neubau Energy specializes in installer-friendly, high-density residential battery systems with modular architecture protected by multiple patents. Their systems integrate batteries, inverter, battery management, and communications into a single unit installable in under 30 minutes. Neubau’s Austrian manufacturing base offers a tariff-advantaged platform for the U.S. market.
Learn more at NeubauEnergy.com
About NeoVolta
NeoVolta is a leading innovator in energy storage, delivering reliable and sustainable solutions for residential and commercial applications. With a focus on cutting-edge technology and strategic partnerships, NeoVolta is advancing the future of clean energy.