NeoVolta Launches Joint Venture With PotisEdge and LONGi for U.S. Battery Manufacturing
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NeoVolta Inc. has launched a joint venture with PotisEdge and LONGi Green Energy to create NeoVolta Power, LLC, a U.S.-based battery energy storage system manufacturing platform. NeoVolta holds a 60% stake, overseeing product strategy and commercialization, while PotisEdge contributes 20% ownership and manufacturing expertise. The venture aims to meet the rising demand in energy storage markets, supported by a $13 million private placement from Infinite Grid Capital.
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