# ElevenEs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elevenes

- Industry: Energy Storage & Batteries
- Headquarters: Subotica, Serbia
- Website: www.elevenes.com
- Latest round: Series B (Feb 7, 2026)
- Investors on record: 1

## About

Based in Subotica, Serbia, and founded in 2019, ElevenEs is a spin-off of Al Pack Group, which operates as a manufacturer of LFP (Lithium Iron Phosphate) batteries. As of October 2022, the firm is led by its CEO, Nemanja Mikac. In February 2026,  ElevenEs raised series B funding from new investor Caterpillar Ventures, with participation from BST (HK) Ltd. in the round.

The company offers energy storage solutions through LFP cathode battery technology, generating cobalt and nickel-free batteries with 5kWh to 200 MWh energy storage. The company is the creator of the first and largest full-size LFP battery cell in Europe and serves automotive industries including buses, trucks, forklifts, and City EVs (Electric Vehicles). The firm also has its laboratory and R&D center opened in 2021.

The company plans to utilize the February 2026 funding to cover the costs of early infrastructure and equipment for its proposed 1GWh battery plant in Subotica, as well as to facilitate the shift from pilot activities to large-scale manufacturing.

## Funding rounds

- Series B, Feb 7, 2026 — Caterpillar Ventures

## Investors

- Caterpillar Ventures (https://capitalatlas.ai/funds/caterpillar-ventures) — Series B