SummaryMultilevel inverters are known as essential converters in renewable sources. First, in this paper, a new submodule is presented, and based on it, a new sub‐multilevel inverter is presented. The proposed sub‐multilevel inverter consists of several unidirectional and bidirectional switches and DC voltage sources. Then, the generalized topology, developed in two modular and cascaded modes, is presented to increase production levels. The proposed submodules are connected in series in the modular topology, increasing production levels. The proposed topology to produce the maximum output levels has the minimum number of IGBTs, drivers, DC voltage sources, etc. Mathematical analyses for conduction and switching losses are provided, and mathematical analyses for the number of devices and voltage across the switches are also presented. In addition to the mathematical analysis of losses, the simulation results are also presented. A general comparison of proposed topology components is presented to demonstrate their advantages. This comparison shows that the proposed topology has the minimum number of power electronic devices. In this paper, nearest level modulation is used to control the proposed topology. The simulation and experimental results of the proposed sub‐multilevel verify the performance of the proposed topology.