About ELEO
ELEO is an Energy & Utilities company based in Helmond (Netherlands) founded in 2017 by Bas Verkaik, Jeroen Bleker, and Bram van Diggelen, and was acquired by Yanmar in April 2022. It operates as a modular battery systems for energy storage are manufactured by ELEO. ELEO offers products and services including Battery Packs and Battery Pack Selection Checklist. Its focus areas include Energy Tech, Energy Storage Tech, Energy Storage System and Lithium Ion. Its legal entity is Eleo Technologies B.V. Its competitors include Microvast, A123 Systems, Corvus Energy, Powin Energy and Cadenza Innovation and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
ELEO was founded in 2017 and is based in Helmond, Netherlands. Modular battery systems for energy storage solutions are produced using lithium nickel manganese cobalt oxide and lithium nickel cobalt aluminum oxide technologies. Operations focus on the energy storage sector, where scalable battery modules are developed and supplied to support various applications in renewable energy and grid stabilization.
- Annual Revenue$42.45 K (USD)15as on Dec 31, 2023
- Net Profit$23.19 K (USD)7as on Dec 31, 2023
- InvestorsLumipol Group
& 1 more
- Acquired byYanmar
(Apr 2022)
Products & Services of ELEO
ELEO offers a comprehensive portfolio of products and services, including Battery Packs and Battery Pack Selection Checklist.
Modular solutions for off-highway EVs to ensure reliable power
Guide for evaluating batteries for off-highway machinery
Funding Insights of ELEO
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of ELEO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | – | Seed | – | Lumipol Group | – |
2 investors in total: 2 institutional.
Investors in ELEO
ELEO has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Lumipol Group and Yanmar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lumipol Group is engaged in power systems technology solutions. | – | lumipolpower.com | Eindhoven, Netherlands | |
Manufactures high-quality equipment for agriculture, industrial, and construction sectors. | 1912 | yanmar.com | Osaka, Japan |
Investor details for ELEO
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People of ELEO
3 people are tracked at ELEO (3 in leadership).
| Name | Role | Group |
|---|---|---|
Bas Verkaik | Founder | Leadership |
Jeroen Bleker | Co-Founder | Leadership |
Bram van Diggelen | Co-Founder | Leadership |
Complete people profiles for ELEO
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Timeline of ELEO
3 dated milestones of ELEO across 5 years, from founding to its latest funding, stage changes and deals.
- Founded ELEO is founded.
- Funding First funding round.
- Exit Acquired by Yanmar.
Competitors of ELEO
ELEO has 8 listed competitors in our database, 7 of them funded. They include Microvast, A123 Systems, Corvus Energy, Powin Energy and Cadenza Innovation, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| microvast.com | 2006 | Stafford, United States | $430M | 2,006 | Lithium-ion batteries for multi-category electric vehicles are developed. | |
| a123systems.com | 2001 | Hangzhou, China | $201.26M | 886 | Lithium-ion batteries for automotive and industrial uses are manufactured. | |
| corvusenergy.com | 2009 | Richmond, Canada | $84.75M | – | Developer of energy storage systems (ESS) based on lithium NMC technology | |
| powinenergy.com | 2010 | Tualatin, United States | $260M | 100 | Energy storage systems are provided for grid-level and behind-the-meter applications. | |
| cadenzainnovation.com | 2016 | Oxford, United States | $20.27M | 28 | Lithium-ion battery systems for energy storage are developed. | |
| momentenergy.com | 2020 | Port Coquitlam, Canada | $18.5M | – | Li-ion batteries are developed for energy storage in commercial applications. | |
| tesvolt.com | 2014 | Seevetal, Germany | – | 72 | Lithium battery-based power storage systems developer | |
| ionblox.com | 2017 | Fremont, United States | $56M | – | Manufacturer of lithium-ion batteries |
Detailed competitors of ELEO
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Web traffic of ELEO
The website of ELEO (eleo.tech) receives about 2.2K visits a month.
- Monthly visits2.2K
▼ 38.9% vs previous month
Top companies in Energy Storage Systems
10 companies that operate in the same segment as ELEO (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – |
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Related news about Eleo
Complete news archive for ELEO
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Frequently Asked Questions about ELEO
ELEO was founded in 2017 and raised its 1st funding round 4 years after it was founded.
ELEO is headquartered in Helmond, Netherlands. It is registered at Helmond, Noord-brabant, Netherlands.
Annual revenue of ELEO is $42.45K as on Dec 31, 2023.
ELEO was founded in 2017 and is based in Helmond, Netherlands. Modular battery systems for energy storage solutions are produced using lithium nickel manganese cobalt oxide and lithium nickel cobalt aluminum oxide technologies. Operations focus on the energy storage sector, where scalable battery modules are developed and supplied to support various applications in renewable energy and grid stabilization.
ELEO's top competitors include Microvast, Corvus Energy and A123 Systems.
ELEO offers Battery Packs and Battery Pack Selection Checklist.
ELEO has 2 investors. Key investors include Lumipol Group, and Yanmar.
ELEO operates through Eleo Technologies B.V..
Yes. ELEO was acquired by Yanmar in April 2022.