Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 0

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 0
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Overview

We are a designer and manufacturer
of high-performance energy storage systems (“ESS”) for residential and commercial applications. Our product portfolio includes
the NV14, NV24, NVPlus, NV7600 stand-alone inverter, and most recently, the NV16 kW AC hybrid inverter with 24 kW PV input and a 250 kW
/ 430 kWh commercial and industrial (“C&I”) system. Our systems combine lithium iron phosphate (LiFePO₄) battery
technology with hybrid inverter capability, providing safe, flexible, and adaptable solutions for backup power, self-consumption, and
energy resilience.

We market and sell our products
primarily through certified solar installers and regional and national distributors. Initially focused on Southern California, we have
since expanded into other markets throughout the United States and Puerto Rico. Looking forward, we intend to grow across residential,
commercial, and industrial segments while building financing solutions and pursuing domestic and FEOC-compliant sourcing to support long-term
competitiveness.

History

We were founded in 2018 to
develop safe, reliable, and versatile residential energy storage systems. Later that year, we produced our first prototype of the NV14,
which received certification and approval from the California Energy Commission in early 2019. Customer installations began shortly thereafter
in San Diego County following approval from San Diego Gas & Electric.

Between 2020 and 2022, we
expanded beyond Southern California into other major metropolitan regions and ultimately into more than 15 additional states and territories.
During this period, we introduced the NV24 expansion battery and continued to secure certifications under evolving California and national
regulatory standards.

In 2023, we transitioned from
contract manufacturing to in-house production by hiring key personnel and assuming direct responsibility for manufacturing operations
in Poway, California. This change enhanced quality control and supply chain resilience.

Since 2024, we have broadened
our product portfolio with the launch of the NVPlus energy storage system and the NV7600 stand-alone inverter, extending our reach into
higher-capacity residential and light commercial applications. In February 2025, we expanded into a larger facility in Poway to support
increased production. Subsequent to fiscal year end, we announced two additional products: a 250 kW / 430 kWh Commercial & Industrial
(C&I) Battery Energy Storage System, and the NV16 kW AC hybrid inverter with 24 kW PV input, expected to be available beginning in
November 202