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.
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.
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.
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.
A Platform Built for Speed
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% and opening new channels for installers and electricians.
“Merging Neubau’s talent and next-gen battery manufacturing platform is a significant milestone in executing our growth multi-channel strategy. As the transaction accelerates our residential energy storage market penetration, we expect it to be immediately accretive to revenue and gross margins,” said Ardes Johnson, CEO of NeoVolta. “Neubau’s technology portfolio and manufacturing know-how are expected to provide us tariff-free access to advanced battery technology. At Neubau, Amany has spearheaded strategy, product innovation, and market expansion and Thomas led manufacturing and distribution. We are excited they will strengthen our team and support our aggressive growth plans.”
Deal Overview
The acquisition brings together Neubau’s proprietary battery architecture and NeoVolta‘s growing distribution network, creating a platform designed for scale. Neubau’s modular design, which is protected by more than a dozen patents, integrates inverters, batteries, and management software into a single, rapidly deployable system that one installer can set up in under 30 minutes.
Under the terms of the agreement, NeoVolta:
- Paid $500,000 in cash and issued 200,000 restricted common shares at signing.
- Will pay unit royalties of $10 per neuClick Battery Module sold for three years.
- May issue up to 4 million additional restricted shares if Neubau-related revenue milestones are met before December 31, 2028.
NeoVolta expects the transaction to:
- Strengthen its leadership with Neubau’s senior executives joining key operational roles.
- Reduce installation times by up to 75%, expanding access to new installer networks.
- Add high energy-density ESS modules and modular battery patents to its portfolio.
- Lessen exposure to 2026 tariffs through Neubau’s Austrian manufacturing base.
Together, the integration is expected to accelerate NeoVolta‘s residential market reach, increase gross margins, and deepen the company’s presence across both U.S. and international energy storage markets.
