Karanovic & Partners has advised ElevenEs on partnering with EIT InnoEnergy to build a lithium iron phosphate (LFP) battery factory in Subotica, Serbia.
According to Karanovic & Partners, the LFP battery plant is set to be the first large factory of its kind in Europe. “ElevenEs has signed agreements with EIT InnoEnergy, which Pitchbook ranks as the most active sustainable energy investor globally.”
ElevenEs has developed its own LFP technology to produce batteries for electric passenger cars, buses, trucks, forklifts, other industrial vehicles, and energy storage systems.
The Karanovic & Partners team included Senior Partner Marjan Poljak and Senior Associate Igor Radovanovic.