ElevenEs Secures Series B Funding from Caterpillar to Build 1 GWh Battery Plant in Serbia
ENERGY STORAGE
ElevenEs has completed the first phase of its Series B funding round, led by Caterpillar Venture Capital Inc. The company will begin constructing a 1 GWh LFP battery cell mega-factory in Serbia in February 2026, with initial battery deliveries expected in 2027.
The funding will support infrastructure and equipment development, aiming to create a high-tech ecosystem that will employ over 350 people. ElevenEs focuses on lithium iron phosphate battery technology for industrial applications and electric vehicles.
Feb 26, 2026, 6:13 AM
