ElevenEs to Construct 1GWh Battery Factory in Serbia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy CAT?
Source: Yahoo Finance
- Investment Milestone: ElevenEs has completed the first closing of its Series B funding round, backed by Caterpillar Venture Capital, with proceeds aimed at building infrastructure for the 1GWh battery factory, marking a significant advancement in European battery manufacturing.
- Factory Construction Timeline: The new facility is set to begin construction in February 2026, with the first battery cell deliveries expected in 2027, further localizing electric solution production and enhancing the company's position in the global energy transition.
- Technological Innovation: ElevenEs will focus on high-performance Lithium Iron Phosphate (LFP) battery technology to meet the rigorous demands of industrial sectors such as mining, construction, rail, and marine, while also supporting battery electric vehicles and energy storage systems.
- Job Creation: The project will establish a high-tech ecosystem in Serbia, expected to create over 350 jobs, significantly boosting the existing team of international experts and contributing to local economic development.
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Analyst Views on CAT
Wall Street analysts forecast CAT stock price to fall
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 764.760
Low
395.00
Averages
620.54
High
730.00
Current: 764.760
Low
395.00
Averages
620.54
High
730.00
About CAT
Caterpillar Inc. is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its various segments, namely Construction Industries, Resource Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment. The Construction Industries segment is primarily responsible for supporting customers using machinery in infrastructure and building construction applications. The Resource Industries segment develops and manufactures high productivity equipment for both surface and underground mining operations, as well as provide hydraulic systems, electronics and software for its machines and engines. The Energy & Transportation segment offers product and services that includes reciprocating engines, generator sets, integrated systems and solutions, turbines and turbine-related services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ElevenEs to Construct 1GWh Battery Factory in Serbia
- Investment Milestone: ElevenEs has completed the first closing of its Series B funding round, backed by Caterpillar Venture Capital, with proceeds aimed at building infrastructure for the 1GWh battery factory, marking a significant advancement in European battery manufacturing.
- Factory Construction Timeline: The new facility is set to begin construction in February 2026, with the first battery cell deliveries expected in 2027, further localizing electric solution production and enhancing the company's position in the global energy transition.
- Technological Innovation: ElevenEs will focus on high-performance Lithium Iron Phosphate (LFP) battery technology to meet the rigorous demands of industrial sectors such as mining, construction, rail, and marine, while also supporting battery electric vehicles and energy storage systems.
- Job Creation: The project will establish a high-tech ecosystem in Serbia, expected to create over 350 jobs, significantly boosting the existing team of international experts and contributing to local economic development.
See More
ElevenEs to Begin Construction of 1GWh Battery Factory
- Investment Milestone: ElevenEs has completed the first closing of its Series B funding round, backed by Caterpillar Venture Capital, marking a significant milestone for the future of European battery manufacturing, with proceeds allocated for infrastructure and equipment for the 1GWh Mega Factory.
- Factory Construction Plan: The new facility in Subotica, Serbia, is set to begin construction in February 2026, with an annual capacity of 1GWh and first battery cell deliveries expected in 2027, further advancing the European energy transition.
- Technological Innovation: ElevenEs is scaling its proprietary Lithium Iron Phosphate (LFP) battery technology to meet the rigorous performance demands of industrial sectors, enhancing its competitiveness in the battery electric vehicle and energy storage markets.
- Job Creation: The new factory will create over 350 jobs, significantly increasing the existing team of 110 international experts, thereby fostering the development of a high-tech ecosystem in Serbia.
See More
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- Brand Continuity: Following the acquisition, RPMGlobal will continue to operate under its existing brand, a strategy that helps maintain its customer base and market recognition, ensuring a smooth transition and business continuity.
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See More
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- Technology Integration: This acquisition combines RPMGlobal's software capabilities with Caterpillar's equipment and technology solutions, not only helping customers improve mine site performance but also advancing the future of mining technology in a practical and scalable manner.
- Market Impact: With nearly 50 years of industry experience and innovative software solutions delivered in over 125 countries, the acquisition enables Caterpillar to better meet the complex needs of mining customers, enhancing its competitive position in the market.
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See More
ElevenEs to Construct 1GWh Battery Factory in Serbia
- Investment Milestone: ElevenEs has completed the first closing of its Series B funding round, backed by Caterpillar Venture Capital, with proceeds aimed at building infrastructure for the 1GWh battery factory, marking a significant advancement in European battery manufacturing.
- Factory Construction Timeline: The new facility is set to begin construction in February 2026, with the first battery cell deliveries expected in 2027, further localizing electric solution production and enhancing the company's position in the global energy transition.
- Technological Innovation: ElevenEs will focus on high-performance Lithium Iron Phosphate (LFP) battery technology to meet the rigorous demands of industrial sectors such as mining, construction, rail, and marine, while also supporting battery electric vehicles and energy storage systems.
- Job Creation: The project will establish a high-tech ecosystem in Serbia, expected to create over 350 jobs, significantly boosting the existing team of international experts and contributing to local economic development.
See More
ElevenEs to Begin Construction of 1GWh Battery Factory
- Investment Milestone: ElevenEs has completed the first closing of its Series B funding round, backed by Caterpillar Venture Capital, marking a significant milestone for the future of European battery manufacturing, with proceeds allocated for infrastructure and equipment for the 1GWh Mega Factory.
- Factory Construction Plan: The new facility in Subotica, Serbia, is set to begin construction in February 2026, with an annual capacity of 1GWh and first battery cell deliveries expected in 2027, further advancing the European energy transition.
- Technological Innovation: ElevenEs is scaling its proprietary Lithium Iron Phosphate (LFP) battery technology to meet the rigorous performance demands of industrial sectors, enhancing its competitiveness in the battery electric vehicle and energy storage markets.
- Job Creation: The new factory will create over 350 jobs, significantly increasing the existing team of 110 international experts, thereby fostering the development of a high-tech ecosystem in Serbia.
See More
Trump Administration Releases Gateway Tunnel Funds
- Funding Release: The Trump administration released $98 million previously withheld for the Gateway Tunnel construction and an additional $30 million in reimbursements, significantly enhancing passenger rail capacity into Manhattan.
- Project Resumption: The funding freeze had triggered a work stoppage threatening nearly 1,000 jobs, but contractors are now instructed to prepare for construction resumption next week, ensuring the project stays on track.
- Legal Obligation: Governor Hochul emphasized that the federal government has a legal obligation to fully fund the Gateway project, highlighting the importance of continuous funding support to prevent future disruptions for workers and commuters.
- Infrastructure Significance: The Gateway project is one of the most critical infrastructure initiatives in the U.S., with the existing North River Tunnel carrying 200,000 passengers daily and in urgent need of repairs to meet growing transportation demands.
See More
Logistics CEO Pushes Back Against AI Panic
- Market Overreaction: Following Algorhythm Holdings' claim that its AI platform could increase freight volumes by 300% to 400%, C.H. Robinson's stock plummeted 14.5%, marking its largest single-day loss in over six years, indicating a panic-driven sell-off that may not reflect the company's fundamentals.
- Leadership Confidence: C.H. Robinson CEO Dave Bozeman emphasized the company's leadership in AI, maintaining strong growth rates despite an ongoing freight recession, suggesting that the company is well-positioned for continued profitability over the next two years.
- Analyst Support: JPMorgan analyst Brian Ossenbeck reaffirmed confidence in C.H. Robinson post-sell-off, noting the company's differentiated business model, although AI-related risks may impact stock performance in the short term, the fundamentals remain intact.
- Optimistic Industry Outlook: Bozeman expressed excitement about the next two years, highlighting the company's efforts to enhance operating profits through AI, indicating that C.H. Robinson will continue to play a significant role in the logistics sector.
See More
Caterpillar Acquires RPMGlobal to Expand Software Solutions
- Acquisition Announcement: Caterpillar has announced the acquisition of RPMGlobal, an Australia-based mining software company, aiming to enhance its portfolio of data-driven mining technology and software solutions, although the financial terms remain undisclosed, this move is expected to strengthen its competitive position in the mining sector.
- Brand Continuity: Following the acquisition, RPMGlobal will continue to operate under its existing brand, a strategy that helps maintain its customer base and market recognition, ensuring a smooth transition and business continuity.
- Market Reaction: On February 18, 2026, Caterpillar's stock closed at $764.76, down 1.22% from the previous trading day, but in after-hours trading, the share price rose to $769, indicating a positive market response to the acquisition news.
- Strategic Implications: This acquisition not only enhances Caterpillar's technological capabilities in mining software but also underscores its commitment to data-driven solutions, which is expected to drive future business growth and increase market share.
See More
Caterpillar Acquires RPMGlobal to Expand Mining Software Portfolio
- Acquisition Background: Caterpillar announced the acquisition of Australian mining software company RPMGlobal in October 2025, aiming to enhance customer site management efficiency through data-driven technology solutions, thereby solidifying its leadership in mining technology.
- Technology Integration: This acquisition combines RPMGlobal's software capabilities with Caterpillar's equipment and technology solutions, not only helping customers improve mine site performance but also advancing the future of mining technology in a practical and scalable manner.
- Market Impact: With nearly 50 years of industry experience and innovative software solutions delivered in over 125 countries, the acquisition enables Caterpillar to better meet the complex needs of mining customers, enhancing its competitive position in the market.
- Brand Continuity: RPMGlobal will continue to offer products and services under its brand, ensuring service continuity for customers during the transition while leveraging Caterpillar's resources and network to further expand market reach.
See More
