NeoVolta, a U.S.-based energy storage solutions provider, has entered into agreements for $13 million in private placement financing led by Infinite Grid Capital (IGC).
The funding is structured to offer both immediate and future capital support for the company’s planned domestic manufacturing initiative and will be used to accelerate growth.
A significant portion of the funding is allocated to advance this initiative, under a memorandum of understanding with third parties, to establish and operate a battery energy storage manufacturing plant in Georgia.
The facility under consideration is designed for an initial annual capacity of approximately 2 GWh, with a focus on utility-level and commercial & industrial (C&I) battery energy storage systems. Operations are expected to ramp up in 2026, subject to definitive agreements and successful execution.
“We are thrilled to welcome Infinite Grid Capital as a long-term strategic investor with their $10 million investment,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “IGC is well-capitalized and highly aligned with our vision as we advance our domestic manufacturing plans and scale our commercial and grid-aligned channels. The investment delivers the capital and support we need while preserving the flexibility essential to our next phase of growth. We are now well-positioned to pursue a manufacturing platform capable of capturing strong downstream demand in the rapidly expanding U.S. battery energy storage market.”
According to Mercom’s 9M and Q3 2025 Funding and M&A for Energy Storage report, announced debt and public market financing for Energy Storage technology companies decreased 44% YoY with $8.4 billion in 29 deals in 9M 2025 compared to $15 billion raised in 22 deals in 9M 2024.
In August, Energy Vault, a developer of utility-scale energy storage projects, announced that it had entered into an exclusivity agreement for a $300 million preferred equity investment. The investment aims to support the launch of Asset Vault, a fully consolidated subsidiary of Energy Vault dedicated to developing, owning, and managing energy storage assets.
