ELEO to expand considerably with new battery production plant

The new battery production plant covers an area of ​​3,000 m2 with the possibility to expand to 4,000 m2. The facility is equipped with state-of-the-art machines to enable a fully automated battery assembly process in the cleanroom. To remain on the forefrontof the industry, the facility houses high-tech R&D labs to further develop the battery technology. There is also room for various test facilities, paddocks, assembly and warehousing. The building will run on renewable energy thanks to the large solar array on the rooftop.

ELEO currently employs 27 people. Within three years’ time, it is expected that over 200 people will be working on the cutting-edge battery systems in Helmond.

After the successful market introduction in 2020, the facility expansion is a necessary step to realize ELEO's growth ambitions. Earlier this year, Lumipol Group was already attracted as an investor to support this growth.

“With our advanced batteries we enable the electrification of a wide variety of industrial machinery.” explains Bas Verkaik, co-founder of ELEO. “Due to the enormous growth, our current production location soon proved to be too small. We are pleased that, in collaboration with the campus and construction company Van de Ven, we have found a suitable parcel where we can expand our company and further scale up internationally.”

Lex Boon, Managing Director at the Automotive Campus Helmond: “The journey ELEO has made, from student team to becoming an industry leader in battery technology, is truly special to behold. We are extremely proud that a company like ELEO, that’s going to play a major role in the Dutch and European battery ecosystem, can expand at the Automotive Campus. We can’t wait to see what the future will bring for ELEO.”

About ELEO

ELEO has been founded in 2017 as a spinoff from the Eindhoven University of Technology, where its founding members developed a revolutionary electric motorcycle to travel around the world in 80 days. After its foundation, ELEO has been devoted to the mission of making high-performance batteries available to a wide range of industrial applications. To this end, ELEO developed a range of modular battery solutions with an advanced Battery Management System (BMS) and exceptional thermal management that bring significant benefits to the performance, safety, and lifetime of electric applications, while the unique modular concept makes it very cost-effective, even for small to medium-sized series. ELEO is located at the Automotive Campus in Helmond.