Forsee Power

Forsee Power, founded in 2011 in Paris, designs and manufactures advanced lithium-ion battery systems for electric vehicles, including buses, trucks, and light mobility. Serving over 140 000 EVs worldwide, they focus on thermal management and sustainable transportation solutions.

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Forsee Power specializes in advanced battery systems for electric vehicles, contributing to sustainable transportation solutions worldwide. Founded in 2011, the company designs, manufactures, and markets intelligent battery systems for both light and heavy mobility applications. With approximately 140,000 light electric vehicles and 4,000 buses utilizing its technology globally, Forsee Power has established itself as a significant player in the electromobility sector. The company’s solutions have helped reduce CO2 emissions by 557,000 tonnes through their implementation in heavy vehicles alone. Supporting these achievements is a dedicated team of 160 engineers who focus on thermal management, mechanical design, and quality testing.

Battery Technology

Forsee Power’s expertise centers on lithium-ion battery systems, engineered to provide optimal performance for various transportation applications. Their product portfolio includes solutions for electric buses, trucks, trains, and light vehicles such as scooters and bicycles. The company’s battery systems feature advanced thermal management capabilities and incorporate smart monitoring technology for enhanced safety and reliability.

Their latest innovation, the ZEN LFP RAIL 1500 V system, demonstrates their technical advancement in rail applications. This high-energy battery system enables locomotives to operate on non-electrified tracks with flexible recharging options, including catenary power, charging stations, or energy recovery during braking.

The company’s manufacturing processes emphasize durability, with systems designed to maintain performance for up to 15 years. Additionally, Forsee Power develops second-life applications for their batteries, repurposing them for stationary energy storage after their initial use in vehicles, maximizing resource efficiency and sustainability.

Recent Projects

In 2024, Forsee Power achieved significant milestones, including the establishment of their first U.S. manufacturing facility in Columbus, Ohio. This facility enhances their ability to serve the North American market while complying with “Buy America” standards. The company reported sales of €151.8 million and achieved positive adjusted EBITDA for the first time. They also expanded their market presence in Australia and Turkey, particularly in the bus segment. Their carbon reduction trajectory received approval from the Science-Based Targets initiative, reinforcing their environmental commitments.

Investors

Forsee Power’s investor base includes several strategic partners. Mitsui & Co., Ltd. holds the largest stake at 26.65%, followed by Eurazeo Investment Manager with 23.78%. BPIFrance Investissement SAS maintains a 12.65% share, while Ballard Power Systems Inc. owns 7.268%. Company founder and CEO Christophe Gurtner holds 3.058%. In 2023, the company completed a capital increase of €49.3 million to support commercial, industrial, and technological development.