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ElevenEs completed the first closing of its Series B round backed by Caterpillar Venture Capital, raising funds for its upcoming 1GWh battery mega factory.

PRIVATEFeb 19, 2026

Round Type

Series B

SuboticaManufacturingSustainabilityCommunity And Lifestyle

Investors

Bst (HK) Ltd.Caterpillar Venture Capital Inc.

Description

ElevenEs has completed the first closing of its Series B investment round, with support from Caterpillar Venture Capital Inc. The funds will be utilized for infrastructure and equipment for its 1GWh LFP Battery Cell Mega Factory, expected to begin construction in February 2026. This development will position ElevenEs at the forefront of European battery manufacturing. The first battery cell deliveries are anticipated in 2027.

Quick answer

Eleven Es raised an undisclosed amount in a Series B round, dated February 19, 2026. Investors: Bst (HK) Ltd. and Caterpillar Venture Capital Inc. Eleven Es is based in Subotica, Vojvodina, Serbia.

How much did Eleven Es raise?
Eleven Es raised an undisclosed amount in a Series B round on February 19, 2026.
Who invested in Eleven Es?
Bst (HK) Ltd. and Caterpillar Venture Capital Inc. are named as investors in this round.
What does Eleven Es do?
ElevenEs is an industrial spin-off of the multinational Al Pack Group, which produces more than 40 million m2 of processed aluminium foils every year and has been operating on the packaging market for 25 years.
Where is Eleven Es based and how big is it?
Eleven Es is based in Subotica, Vojvodina, Serbia.

Source: Fundz verified event record.

Who else raised in Sustainability and Community And Lifestyle around the same time

Companies in the same sectors as Eleven Es that raised within 45 days of this round, from Fundz verified event records.

  • Electra Therapeutics raised $30M (Debt Financing) on March 11, 2026.
  • Birchtech raised $13M (Post-IPO Equity) on February 27, 2026.
  • IM Cannabis Corp raised $2.2M (Debt Financing) on January 26, 2026.
  • Enkei raised an undisclosed amount (Pre-Seed) on April 3, 2026.
  • NowPurchase raised $8.6M (Funding Round) on April 3, 2026.
  • HF Foods Group raised $125M (Debt Financing) on April 3, 2026.

Who to call at Eleven Es, and when

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Company Information

Company

Eleven Es

Location

Subotica, Vojvodina, Serbia

About

ElevenEs is an industrial spin-off of the multinational Al Pack Group, which produces more than 40 million m2 of processed aluminium foils every year and has been operating on the packaging market for 25 years. The Al Pack Group uses processes similar to electrode manufacturing, which is a key process in battery production. ElevenEs has an advanced research and development centre that has been operating since June 2021 in Subotica, Serbia, on the premises of its parent company. It employs an international team of engineers and scientists. www.elevenes.com

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Eleven Es raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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