Caterpillar Venture Capital Backs ElevenEs Series B to Expand Serbian LFP Battery Production

Reuters02-19
Caterpillar Venture Capital Backs ElevenEs Series B to Expand Serbian LFP Battery Production

Caterpillar Inc., through its wholly owned Caterpillar Venture Capital unit, backed the first closing of ElevenEs’ Series B round to support development of a planned 1GWh lithium iron phosphate (LFP) battery cell mega-factory in Subotica, Serbia. Proceeds will fund initial infrastructure and equipment, with construction set to begin in February 2026 and first battery cell deliveries expected in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Caterpillar Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602182044BIZWIRE_USPR_____20260218_BW073314) on February 19, 2026, and is solely responsible for the information contained therein.

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