Overview
- Infinite Grid Capital invested $10 million as the anchor of the private placement.
- The plan rests on a non-binding memorandum of understanding for a Georgia facility sized for about 2 GWh per year with a focus on utility and commercial-industrial storage.
- Any launch timeline remains conditional, with production ramp targeted for 2026 pending final contracts and execution.
- NeoVolta says the capital strengthens liquidity and addresses working capital needs to support growth initiatives.
- NeoVolta and IGC plan to evaluate commercial frameworks, including potential offtake that could align NeoVolta’s channels with IGC’s grid-scale pipeline.