NeoVolta shares rise 10.71% intraday after raising $13m to back Georgia battery expansion.

NeoVolta Inc. surged 10.71% during intraday trading after announcing a USD 13 million private placement to fund its expansion in Georgia. The financing, aimed at supporting the company's energy storage projects, has bolstered investor confidence in its growth trajectory. This development underscores NeoVolta's strategic focus on expanding its renewable energy solutions, positioning it to capitalize on increasing demand in the sector.