Caterpillar VC backs startup ElevenEs as it builds 1GWh LFP cell factory in Serbia

February 17, 2026 at 12:18 PM
Andy Colthorpe
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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.

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.

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