What ELEO Technologies does

ELEO Technologies B.V. is a Netherlands-based designer and manufacturer of modular battery pack systems and electric powertrains purpose-built for off-highway electric vehicles and machinery. Founded in 2017 in Eindhoven and headquartered at the Automotive Campus in Helmond, the company targets low-volume, high-diversity off-highway applications in agriculture, construction, and industrial equipment, where harsh environmental demands (dust, shock, vibration, water, extreme temperatures) limit the suitability of consumer-oriented EV battery technology. Its flagship product line consists of modular battery packs with a scalable voltage range from 50V to 720V, continuous power output up to 90 kW, multipack parallel functionality (up to six packs), flexible horizontal/vertical mounting, a service-friendly interface box, and integration via industry-standard CANOpen and J1939 communication protocols.

Eleo operates a B2B hardware sales model, engaging off-highway OEMs directly through enterprise field sales and engineering partnerships to enable electrification of entire product lines. Pricing is quote-based and not publicly disclosed. Since approximately 2022, Yanmar, a Japanese conglomerate with over a century of off-highway machinery expertise, has held a majority stake in Eleo; as of April 2025, Eleo was integrated into Yanmar's newly established global Electrification Unit as a dedicated R&D facility, while large-scale production was relocated to existing Yanmar Group facilities. The company also serves as the battery technology supplier for Yanmar's electric tractor concept unveiled at Equip Expo 2024.

The business is presently in a transition phase following the April 2025 integration into Yanmar's Electrification Unit and the May 2025 leadership change in which co-founder and CEO Bas Verkaik departed and was succeeded by Marko Dekena, Head of Yanmar's Electrification Unit. With a headcount of 11-50 employees, undisclosed revenue, and a single 2022 corporate funding round from Yanmar (amount undisclosed), Eleo is at an early commercialization stage but is positioned for scale through Yanmar's global manufacturing, distribution, and OEM relationships.

Name

ELEO Technologies

Legal name

Eleo Technologies B.V.

Website

https://eleo.tech

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

ELEO Technologies designs and manufactures modular battery packs and e-powertrains for off-highway electric vehicles, serving agriculture, construction, and industrial OEMs from Helmond, Netherlands, as a majority-owned subsidiary of Yanmar operating within its global Electrification Unit.

Ownership category

akta.pro rank

Product category

Electric Vehicle Battery Systems

NAICS

Battery Manufacturing (33591)

SIC

Electrical Industrial Apparatus (3620)

akta.pro primary industry

Battery Pack & Module Manufacturing (EV) (IMACACAA)

akta.pro secondary industry

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)

Keywords

• Modular battery packs
• Off-highway powertrains
• Electric vehicle batteries
• Agricultural electrification
• Construction equipment batteries

Headquarters

HQ city

Eindhoven

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Battery Pack Sales: Eleo generates revenue through the sale of high-performance battery packs designed for off-highway applications. The company manufactures and sells modular battery systems that offer scalable voltage range and power output for various industrial vehicles and equipment.
2. e-Powertrain Systems: Eleo provides complete e-powertrain solutions including battery systems for off-highway electric vehicles, enabling full range electrification for OEM customers.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

ELEO manufactures modular battery packs (50V–720V, up to 90 kW continuous) and complete e-powertrain solutions for off-highway electric vehicles, targeting OEMs in agriculture, construction, and industrial applications. Products are engineered for harsh environments with multipack configurability, CANOpen/J1939 integration, thermal management, and a service-friendly interface box to enable OEMs to electrify entire product lines.

Product overview

Eleo Technologies, a Yanmar company, is an off-highway EV battery pack specialist offering two core product lines: modular battery packs and e-powertrains. The flagship modular battery packs feature a scalable voltage range from 50V to 720V with up to 90kW continuous power output, designed for demanding off-highway environments. The multipack functionality allows up to 6 packs to be combined in parallel, with flexible horizontal and vertical installation orientations. These battery packs integrate industry-standard CANOpen and J1939 communication protocols for seamless OEM integration. The company also supplies battery technology for Yanmar's electric tractor concepts. Products are specifically engineered for construction, agriculture, and industrial applications requiring robust performance in harsh conditions.

Differentiator

Problem solved

Functional benefit

Products and services

• Eleo Modular Battery Packs Modular battery packs designed for low-volume, high-diversity off-highway vehicles and equipment, featuring scalable voltage (50V–720V), up to 90 kW continuous output, multipack capability (up to 6 packs combined), thermal management, and CANOpen/J1939 communication protocols for OEM integration.
• Eleo e-Powertrains Complete electric powertrain solutions for off-highway electric vehicles, built around ELEO's modular battery packs to enable OEMs to electrify construction, agricultural, and industrial equipment with a standardized platform.

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

One partnership is on record.

• YanmarflagshipStrategic or Co-development Partner · 1 January 2022Eleo became a majority-owned subsidiary of Yanmar in 2022. As of April 2025, Eleo became an integral part of Yanmar's newly established global Electrification Unit. Eleo serves as the dedicated R&D facility for battery technology while Yanmar provides manufacturing scale and global distribution capabilities. The partnership combines Eleo's specialized battery expertise with Yanmar's century-long experience in off-highway machinery.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Xerotech: Ireland-based developer of modular, scalable lithium-ion battery packs purpose-built for off-highway and industrial vehicles. Closely comparable to Eleo on modular architecture, low-volume/high-diversity OEM focus, and off-highway specialization.
• Webasto: German automotive supplier with a dedicated battery systems business supplying modular high-voltage packs for construction, agricultural and commercial off-highway equipment — directly overlapping Eleo's product, customer type and engineering integration model.
• Kreisel Electric: Austrian specialist in high-performance lithium-ion battery packs for off-highway, marine and specialty EVs, with liquid thermal management and modular pack architecture. Highly comparable to Eleo across technology stack and target use cases.
• Forsee Power: French battery systems company providing modular Li-ion packs for off-highway, commercial vehicles, industrial machinery and light mobility — overlapping Eleo on voltage range, integration protocols and OEM sales motion.

Broad incumbents

• Akasol (BorgWarner): German-headquartered modular battery system maker for commercial vehicles, buses and off-highway, now part of BorgWarner. Larger and broader portfolio than Eleo, but directly competes on heavy-duty modular battery packs for similar OEM customers.
• Microvast: US-listed battery cell and pack supplier targeting commercial vehicles, industrial and specialty mobility applications. Comparable to Eleo as a pack integrator serving off-highway and industrial OEMs, though broader and cell-level rather than pack-only.

Emerging players

• Leclanché: Swiss battery systems company building modular packs for commercial vehicles, marine and industrial applications with in-house cell-to-pack technology. Competes with Eleo for industrial and heavy-duty OEM design wins.
• Flux Power: US-based supplier of lithium-ion battery packs for material handling, industrial equipment and aerial work platforms. Adjacent to Eleo's industrial/off-highway focus with similar modular pack philosophy and OEM sales motion, but skewed toward warehouse and lift-truck segments.

Others

• WAE Technologies: Former Williams Advanced Engineering; UK-based developer of high-performance battery and powertrain systems for motorsport, aerospace and off-highway applications. Comparable as a specialist powertrain and battery engineering firm rather than as a direct commercial competitor.
• Mahle Powertrain: Mahle's powertrain engineering unit offering electric drive and battery system development services to off-highway and commercial vehicle OEMs. Comparable to Eleo as a developer of e-powertrain solutions for non-passenger OEMs, though positioned as an engineering services partner rather than a serial battery pack supplier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eleo-tech

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ELEO Technologies