Forsee Power outperforms its 2023 sales target with revenues up +54% to €171 million
Paris, January 30, 2024 – 5:45 pm CET – Forsee Power (FR0014005SB3 – FORSEE – the “Company”), expert in smart battery systems for sustainable electromobility, today announces its annual revenues for the year ending December 31, 2023, data under audit.
Forsee Power announces the appointment of Franck Meyer as Chief Financial Officer (CFO)
Paris, January 8, 2024 – 6:00 p.m. CET – Forsee Power (FR0014005SB3 – FORSE), the expert in intelligent battery systems for light and heavy electric vehicles, announces the appointment of Franck Meyer to the position of Chief Financial Officer. He also joins the Group’s executive committee.
The BMS: the brain behind batteries for electric vehicles
Do you know what a BMS is? And what role does it play when integrated into the lithium batteries – now in the majority – used in electric vehicles? The BMS (Battery Management System) plays a crucial role in optimizing the performance and lifespan of the lithium batteries used in electric vehicles. A complex electronic system designed to monitor, control, and protect the battery, the BMS ensures safe, efficient, and long-lasting operation of the battery, contributing to the overall reliability and performance of the electric vehicle. In other words, the BMS is considered to be the brain of the battery system, performing several key functions, giving the battery its status as an “intelligent battery system”.
Toyota, worldwide mobility partner of the major sport event in the summer ’24, chooses French Forsee Power batteries to equip its innovative APM
Paris, December 7, 2023 – 7:30 a.m. CET – Forsee Power (FR0014005SB3 – FORSE), expert in smart battery systems for sustainable electromobility, announces that Toyota has chosen to equip its innovative last-one-mile vehicles with Forsee Power battery systems to enable zero-emission transport during the major worldwide sport event in Paris in the summer 2024.
Toyota’s Accessible People Mover (APM) will transfer athletes as well as goods in an easy and zero-emission manner. The vehicles will incorporate ZEN 8 SLIM, a versatile and ultra-thin battery developed by Forsee Power engineers for the off-highway market.
Peugeot Motocycles chooses Forsee Power portable batteries for new e-Streetzone scooter
Paris, December 04, 2023 – 7h30 CET – Forsee Power (FR0014005SB3 – FORSE), an expert in smart battery systems for sustainable electromobility, announces that it was chosen by Peugeot Motocycles to power their new e-Streetzone urban scooter.
The vehicle integrates up to two portable FORSEE GO 1.6 batteries to reach 110km autonomy.
Demystifying AIS 156 certification: a comprehensive guide to batteries for light electric vehicles in India
India is one of the fastest-growing electric mobility markets in the world. Increasing urban congestion, air pollution, and environmental concerns have prompted the Indian government to encourage the adoption of electric vehicles with the FAME 2 program supporting the purchase of electric vehicles including three, four wheelers and buses.
The benefits of these vehicles include a reduction in greenhouse gas emissions, reduced dependence on fossil fuels, and lower operating costs. However, to ensure that light electric vehicles meet safety and performance standards, AIS 156 certification has become a crucial element.
The Indian government actively supports AIS 156 certification as a key component of its electric mobility strategy.
Forsee Power reports sales of €126.6 million as of September 30, 2023, up 67%
Paris, November 9, 2023 – 7:30 am CET – Forsee Power (FR0014005SB3 – FORSEE – the “Company”), expert in smart battery systems for sustainable electromobility, announces its sales for the third quarter of 2023.
Christophe Gurtner, Founder & CEO of Forsee Power states: “Quarter after quarter, we are reporting sustained sales momentum, illustrating our ability to turn our order backlog into sales. Over the past quarter, our growth has been driven by our Heavy Vehicles business, where demand keeps on growing, benefiting from a regulatory framework promoting the adoption of zero-emission public transport worldwide. Over the past few months, we have also signed new partnerships with leading players across all geographies. In the last quarter of 2023, we will continue to roll out our strategic plan, with priority given to the development of our U.S. industrial site, which will be operational in 2024. We will also keep filling our order book with new contracts in our priority markets. Last but not least, our R&D and Marketing teams will continue to expand our product and service offering to enhance our technological leadership. On the strength of this momentum, we confirm all our short- and medium- term financial targets.”
Forsee Power at the heart of the swappable battery revolution for two wheelers
As electrification efforts accelerate worldwide to reduce CO2 emissions, the motorcycle industry also intends to electrify its two-wheeled vehicles. To disseminate them, a number of challenges need to be met, such as extending range, reducing charging time and cutting vehicle and infrastructure costs. The widespread adoption of removable batteries, also known as “swappable batteries” or “interchangeable batteries”, is a response to this trend in terms of flexibility and range. The principle is simple: to enable users to quickly and easily change the battery in their electric vehicle when it is discharged, instead of having to wait for a full recharge. Particularly suited to electric two-wheelers because of their very compact size, weight and ease of handling, their adoption depends on the availability of removable batteries on the market, as well as the existence of an infrastructure of battery swap stations.
Energy Transition financing specialist NEoT Capital welcomes Mitsui & Co., Ltd. as a new shareholder, together with historical partners EDF and Forsee Power to support its development
Mitsui & Co., Ltd. (Mitsui) is joining forces with historical shareholders EDF, via its corporate venture capital EDF Pulse Ventures , and Forsee Power to create a strong and long-term team of top tier shareholders of NEoT Capital (NEoT), a first mover company fully dedicated to providing turnkey services to accelerate energy transition. The 3 partners, bringing together a shareholder base with complementary expertise and capacities, will each hold equal shares of the company’s capital.
Fatiha Hammadi joins Forsee Power as Director of Group Information Technology
Fatiha Hammadi joins Forsee Power as Director of Group Information Technology. With more than 20 years of experience in IT management in the international industrial sector, Fatiha brings valuable expertise in program and project management, particularly in areas such as SAP, CRM, MES, BI, SCM, WHM, Analytics & Big Data, as well as predictive maintenance […]