February 27, 2026: European LFP battery tech developer ElevenEs has completed the first closing of an investment round for its planned gigafactory in Serbia. ElevenEs, which is backed by
Serbia''s battery producer ElevenEs is completing the construction of its mega factory in Subotica, which will manufacture lithium iron phosphate (LFP) batteries, according to CEO Nemanja
The proceeds will finance initial infrastructure and equipment for the planned factory, with first battery cell deliveries expected in 2027. ElevenEs developed the first Lithium Iron Phosphate
With an investment of EUR 700 million planned in two phases, ElevenEs aims to establish Serbia and the Western Balkans as a key hub for
Serbian battery developer ElevenEs is finalising a project for the construction of a mega factory that will produce Lithium Iron Phosphate (LFP) batteries in the
ElevenEs has completed the first closing of its Series B financing round, with proceeds earmarked for the construction of a 1GWh lithium iron phosphate (LFP) battery cell factory in
At the EU–Western Balkans Investment Forum in Tirana, ElevenEs secured EU and Serbian backing for a €700 million, two-phase plan to build
The proceeds from the transaction will support the initial phases of infrastructure and equipment for ElevenEs'' planned 1GWh Lithium Iron Phosphate battery cell mega factory in
The venture capital (VC) arm of Caterpillar has invested in ElevenEs, a startup building a gigawatt-hour-scale lithium iron phosphate (LFP) cell factory in Europe.
Lithium Iron Phosphate batteries (also known as LiFePO4 or LFP) are a sub-type of lithium-ion (Li-ion) batteries. LiFePO4 offers vast improvements over other battery chemistries, with added safety, a
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