22 September 2023
'Working together to address labor shortages'
On Thursday, January 26, King Willem-Alexander opened ELEO’s new battery production plant on the Automotive Campus in Helmond. With the opening of the plant, the TU/e startup is increasing its battery production capacity tenfold. The company expects to grow from 60 to 200 employees over the coming two years.
ELEO designs and builds high-performance battery systems for a variety of industrial applications, including construction and agricultural machinery. Using these scalable battery systems, heavier vehicles and machinery can also be electrified in order to accelerate the sustainability of this sector.
"The opening of our new factory is a celebratory moment for our entire team, which is why we are particularly proud that King Willem-Alexander officially opened the factory," said Bas Verkaik, co-founder at ELEO. "With the new factory, we are able to significantly increase our production capacity, which is important to meet the growing demand for our battery packs. In addition, this plant serves as a blueprint for further international scale-up in the coming years."
The ELEO company was founded in 2017 by three former students of Eindhoven University of Technology. As one of the first generation of student teams, they gained experience with electric driving and battery packs. In 2016, this led to an 80-day trip around the world on a self-built electric motorcycle.
Following the founding of the company, the first battery systems were launched in 2020. In 2022, the Japanese family business Yanmar Holdings Co., Ltd. acquired a majority stake.