NextPower360 Closes $2 million Launch Round!

FOR IMMEDIATE RELEASE

NextPower360 Secures $2 Million in Launch Funding, Led by Good Growth Capital, to

Revolutionize distributed power.

December 2025

Asheville, North Carolina

NextPower360, an innovative clean energy company, proudly announces the closure of its $2 million launch funding round, led by venture capital firm Good Growth Capital. This investment marks a significant milestone in NextPower360's journey to redefine efficiency in the distributed power applications.

NextPower360's advanced electric generators and motors are designed to adapt instantaneously to the variable demands of modern applications. This unique adaptability ensures unparalleled efficiency and performance, even under fluctuating conditions.

Dr. Tony Iacovelli, the inventor of the technology and co-founder of NextPower360, articulates the company's innovative approach: "At NextPower360, we understand that a generator or motor is fundamentally about the interaction of electric and magnetic fields. Our focus is on mastering these field interactions, rather than merely assembling physical parts. This shift in perspective is crucial for pioneering advancements in energy generation and utilization."

Company CEO, Tom Jones, underscores the opportunity created by the company’s

disruptive technology: “Our mission is to make electrical machines so power dense and efficient that there will never be a reason to ever build them any other way."

Maureen Boyce, Managing Partner at Good Growth Capital, expresses enthusiastic support for NextPower360's mission: "We are thrilled to lead this investment in NextPower360. Their

revolutionary approach to energy generation aligns perfectly with our commitment to fostering innovative solutions for a sustainable future. NextPower360 is not just developing new technology; they are reimagining the very foundations of energy generation and efficiency. Their focus on optimizing the interaction of energy fields represents a paradigm shift in the distributed power generation sector. We are confident that NextPower360's technology will play a crucial role in advancing the clean energy landscape." In addition to Good Growth Capital, JACS Capital Partners is an important Foundation Round investor.

This funding round is a significant step for NextPower360 in its quest to transform energy technology. The company's innovative approach promises to enhance the efficiency of wind power generation and electric vehicle performance, setting new benchmarks in these and many other industries.

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About NextPower360

NextPower360 is pioneering a radically new class of electric generators built from electromagnetic first principles — delivering ultra-high power density, black-start capability, and solid-state simplicity in a compact, scalable package. Our platform redefines power for AI datacenters, microgrids, and distributed energy systems — without relying on rare earths.