- ElevenEs Series B investment secures strategic backing for its 1GWh LFP Mega-Factory.
- New facility will scale LFP battery technology for industrial vehicles and energy storage markets.
The ElevenEs Series B investment marks a major milestone in the company?s expansion strategy, strengthening its position in advanced LFP battery technology for industrial and mobility applications. On February 18, ElevenEs completed the first closing of its Series B round with strategic backing from Caterpillar Venture Capital, Inc., a subsidiary of Caterpillar Inc., alongside participation from an affiliate of BST (HK) Ltd., a Hong Kong-based commodity trading firm. This capital infusion enables the company to accelerate infrastructure development and prepare for large-scale battery manufacturing.
ElevenEs Series B Investment and Strategic Backing
The ElevenEs Series B investment reflects strong investor confidence in the company?s roadmap for scaling LFP battery technology. Caterpillar Venture Capital, Inc. brings industrial expertise and long-term strategic alignment, while BST (HK) Ltd. adds global commodity market experience. Together, these investors support ElevenEs in expanding its production capabilities and strengthening supply chain readiness.
The funding from the ElevenEs Series B investment will be directed toward the initial phases of infrastructure development and procurement of critical equipment for the planned 1GWh Mega-Factory.
1GWh Mega-Factory Development Timeline
Construction of the 1GWh Mega-Factory is scheduled to begin in February 2026, with first battery cell deliveries expected in 2027. The facility will span nearly 25,000 square meters and incorporate advanced production systems designed for high efficiency and scalability.
Facility Scale and Employment Impact
The Mega-Factory complex will employ more than 350 people, supporting regional industrial growth and contributing to the expansion of battery manufacturing capacity. The modern production environment is designed to meet rigorous quality and performance standards required across multiple sectors.
Scaling LFP Battery Technology for Industrial Applications
ElevenEs is focused on advancing its Lithium Iron Phosphate Edge battery platform to meet demanding operational requirements. The company?s LFP battery technology is engineered for durability, safety, and long cycle life, making it suitable for heavy-duty and industrial environments.
Target segments include:
- Mining and construction equipment
- Rail and marine applications
- Battery electric vehicles, buses, and trucks
- Battery energy storage systems for grid and industrial use
Market Positioning Across Mobility and Energy Storage
Through the ElevenEs Series B investment, the company is positioning itself to serve both mobility and stationary storage markets. By addressing industrial vehicles and battery energy storage systems, ElevenEs expands beyond traditional automotive applications and strengthens its role in electrification across sectors. The Mega-Factory initiative reinforces long-term production readiness and supports growing global demand for reliable LFP battery solutions.
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