Stibbe advises ElevenEs on Series B first closing backed by Caterpillar Venture Capital
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LU Law
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Stibbe advised ElevenEs, a battery technology company developing and manufacturing LFP battery cells in Serbia, on the first closing of its Series B investment round, backed by Caterpillar Venture Capital, Inc., a wholly owned subsidiary of Caterpillar Inc. An affiliate of BST HK Ltd. also participated in the round.
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The transaction marks a significant milestone in ElevenEs’ development and supports the next phase of its growth strategy, including the construction of its planned battery manufacturing facility in Subotica, Serbia.
Stibbe provided Luxembourg legal support in connection with the structuring and implementation of the transaction.
