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ElevenEs held 1st Closing of its Series B Investment Round Backed by Caterpillar Venture Capital Inc.
ElevenEs has completed the first closing of its Series B investment round, with investments from Caterpillar Venture Capital Inc. and BST (HK) Ltd. This funding will support the initial phases of constructing a 1GWh LFP battery cell mega-factory in Serbia, with construction beginning in February 2026 and first battery cell deliveries expected in 2027. The project aims to scale ElevenEs’ LFP Edge battery technology for industrial vehicles, battery electric vehicles, and energy storage systems, creating over 350 jobs and positioning the company as a leader in European battery manufacturing.