NeoVolta acquires Neubau Energy assets to scale battery storage busine

NeoVolta (NASDAQ:NEOV) has announced the signing of an asset purchase agreement for Neubau Energy’s next-generation modular battery platform.

Financially, NeoVolta paid $500,000 in cash and issued 200,000 restricted common shares upfront. The deal also includes a $10 per-unit royalty on each neuClick Battery Module