New Strategic Partnership: ChemVolt and ElevenEs to Accelerate India's BESS and EV Ecosystem

Gurugram, Haryana, India & Subotica, Serbia – Business Wire India

ChemVolt Global, a leading Indian clean energy and storage solutions company, and ElevenEs, Europe’s foremost lithium-ion cell technology and manufacturing company, today announced a landmark strategic partnership aimed at accelerating the development of Battery Energy Storage Systems (BESS), lithium-ion cell manufacturing, and electric vehicle (EV) battery pack supply across India.

This collaboration combines ChemVolt Global’s extensive expertise in project development, engineering, procurement, and construction (EPC), and local market execution, with ElevenEs’ industry-leading experience in LFP cell technology and large-scale European manufacturing. By joining forces, the two companies aim to establish a robust ecosystem for advanced energy storage and electric mobility in India.

Key Objectives of the Partnership Include:

• Deployment of Advanced BESS Solutions: Delivering cutting-edge grid-scale and commercial BESS systems across India and the Middle East, with advanced lithium-ion cells with higher life cycle and less degradation and high thermal stability.

• Lithium-Ion Cell Manufacturing Collaboration: Leveraging ElevenEs’ pioneering European cell technology and production capabilities, to help India drive self-reliance in battery production.

• EV Battery Pack Supply to OEMs: Enabling domestic automotive manufacturers to access high-performance, safe, fast charging and reliable battery packs, accelerating the adoption of electric mobility across India.

This alliance marks a significant milestone in Europe–India industrial cooperation, reinforcing bilateral ties in advanced energy and battery technologies. By blending European technological leadership with India’s growing market and local execution expertise, the partnership not only contributes to India’s energy transition but also strengthens the global competitiveness of both nations in renewable energy and EV supply chains.

Leadership Perspectives

Mr. Kuldeep Gupta, CEO of ChemVolt Global, said:

"This partnership with ElevenEs represents a defining moment for India’s clean energy and electric mobility ambitions. By collaborating with Europe’s foremost cell technology and manufacturing company, we are creating a strong platform to deliver reliable, high-performance BESS and EV battery solutions. Beyond technology, this collaboration reflects the deepening industrial and technological cooperation between India and Europe, positioning both nations at the forefront of the global energy transition."

Mr. Nemanja Mikać, CEO of ElevenEs, added:

"Our partnership with ChemVolt Global is a decisive move to bring our proven LFP cell technology and large-scale manufacturing to India. ElevenEs’ expertise is ready to deliver nothing less than advanced battery solutions that will be foundational to India’s energy independence. This collaboration doesn't just strengthen Europe-India ties—it confirms our shared commitment to innovation and global leadership in clean technology. We are not just participating; we are positioned to define the future of this industry.”

About ChemVolt Global

ChemVolt Global is a pioneering Indian company specializing in renewable energy and advanced storage solutions, including solar power plants, standalone BESS, hybrid projects, and upcoming lithium-ion cell manufacturing. With end-to-end capabilities from ‘Cell to Grid’, ChemVolt delivers scalable, sustainable, and cost-effective energy solutions to accelerate India’s clean energy adoption.

About ElevenEs

Headquartered in Subotica, Serbia, ElevenEs is Europe’s foremost manufacturer of prismatic LFP battery cells. Renowned for cutting-edge technology and world-class production standards, its “EDGE” line of cells combines fast-charging capabilities, superior safety, and renewable-powered manufacturing. ElevenEs plans to scale production to gigafactories with up to 48 GWh annual capacity by 2027, further establishing its global leadership in battery technology.

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Mr. Kuldeep Gupta, CEO of ChemVolt Global

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