NeoVolta Inc. has entered into a joint venture with Can Current Corporation $(CCC)$ and NPJV MANAGER LLC (NMC) to establish NeoVolta Power, LLC, a Delaware limited liability company. The joint venture aims to jointly own and operate a domestic battery energy storage manufacturing facility in Georgia. Under the agreement, NeoVolta will contribute up to $40 million in capital, while CCC and NMC will provide technical and management services, respectively, in exchange for membership interests in the new company. The venture also anticipates the purchase of manufacturing equipment from CCC for approximately $12 million. The governance of the company will be overseen by a five-member Board of Managers, with three managers designated by NeoVolta and two by NMC.

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