ElevenEs receives investment and support from EIT InnoEnergy to build a battery gigafactory near Serbia's lithium deposit
- ElevenEs has developed its own LFP technology to produce batteries for electric passenger cars, buses, trucks, forklifts, other industrial vehicles, and energy storage systems.
- LFP batteries are more affordable, durable, sustainable and safer than competing solutions, and they do not require cobalt, nickel, and other hard-to-obtain minerals.
- The industrial spin-off will draw on 25 years of production experience to build a 16 GWh factory in Serbia, which has one of the largest lithium deposits in the world.
- ElevenEs has now secured investment and support from EIT InnoEnergy.