Overview
Elevenes, a battery technology company based in Subotica, Serbia, has closed its first Series B funding round led by Caterpillar Venture Capital, Inc., with participation from BST (HK) Ltd. The funding will support the construction of a 1GWh mega-factory, set to begin in February 2026, aimed at industrializing lithium iron phosphate battery solutions for electric mobility and energy storage. The new facility will create over 350 jobs and enhance the company's transition from pilot operations to mass production of high-performance battery cells.
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Investors: Caterpillar Venture Capital, Inc., BST (HK) Ltd.
Elevenes, a battery technology company based in Subotica, Serbia, has closed its first Series B funding round led by Caterpillar Venture Capital, Inc., with participation from BST (HK) Ltd. The funding will support the construction of a 1GWh mega-factory, set to begin in February 2026, aimed at industrializing lithium iron phosphate battery solutions for electric mobility and energy storage. The new facility will create over 350 jobs and enhance the company's transition from pilot operations to mass production of high-performance battery cells.