Eleo gets energized by Dutch subsidy to mobility consortia

The Dutch Ministry of Economic Affairs and Climate Change is allocating 47 million euros to two Dutch mobility consortia to realize breakthroughs in electrification and hydrogen applications. Additionally, collaborators of these innovation programs, the likes of VDL Groep, TUE and NXP, among several others, will also chip in another 26 million, bringing the pot total to 73 million, with the goal of making the Netherlands a leader in green mobility. Though amounts haven’t been disclosed, as a member of the electrification consortium, Eleo will receive part of this investment to help further develop its battery technology and rapidly scale up manufacturing. The news comes just a month after the Helmond-based startup broke ground on a new production facility.

The two innovation programs are part of one national ecosystem, called Green Transport Delta. The cross-sectoral collaboration brings together dozens of public and private parties from the automotive, naval and aerospace industries. The electrification consortium will focus on locally developing and manufacturing battery modules and packs, creating new battery management systems and setting up a smart charging infrastructure and accompanying processes to store and recycle batteries. The hydrogen consortium will look into hydrogen-based combustion engines, fuel cells and next-generation fueling infrastructures.