ElevenEs Produces Prototype of the Largest LFP Battery Cell in Europe

LFP technology, which according to Bloomberg NEF in 2022, will reach 40% of the global battery market share, is characterized by greater safety, lower cost, and increased sustainability (does not require nickel and cobalt).

In addition to its proven safety features in electric vehicles, LFP batteries last twice as long as the most common competing technologies. In recent months, leading car companies such as Tesla, Volkswagen, BMW, Mercedes, Ford, and others have already introduced LFP cells in their fleets.

"After creating and testing more than 500 laboratory sample cells, we have developed the final cell chemistry and design and grown into an international team into nearly 50 people. We are delivering according to our plans and expect to close our Series B financing round later this year, expand our production capabilities to 300-500MWh, and onboard several strategic investors to accelerate our growth further," said Nemanja Mikać, CEO of ElevenEs. Additionally, he has highlighted that ElevenEs will offer to the market 3 distinct EDGE battery cell sizes in a prismatic format, which will be competitive against all presently available mass-produced batteries in the global market.

"A year ago, at the same conference, this company was still only an early development project, and this battery did not exist. It is impressive to see what they have accomplished in such a short time," said Diego Pavia, CEO of EIT InnoEnergy.