Forsee Power reports 2023 half-year results in line with financial targets
Paris, September 14, 2023 – 5:45 p.m. CEST – Forsee Power (FR0014005SB3 – FORSE – the “Company”), an expert in smart battery systems for sustainable electromobility, today announced its half-year results 2023, as approved by the Board of Directors on September 14, 2023.
Christophe Gurtner, Founder & CEO of Forsee Power states: “During this first half of 2023, we have reported strong sales momentum coupled with good cost control and an improvement in our adjusted EBITDA margin in line with the trajectory announced at the time of our capital increase last spring. Our business has continued to grow since the start of the H2, with already 730 electric buses fitted with Forsee Power batteries at the end of August, out of the target of 1,000 for 2023. These good commercial performances, combined with the successful execution of our strategic plan and our solid financial structure, show that we are fully in line with our financial targets, both in the short and long term, with our first objective being to achieve sales of more than €160 million in 2023 and a significant improvement in our adjusted EBITDA.”
Forsee Power reports high first-half sales of €78.8 million
Paris, July 27, 2023 – 7:30 a.m. CEST – Forsee Power (FR0014005SB3 – FORSEE), the expert in smart battery systems for electric light and heavy vehicles, announces today its sales for the first half of 2023, ended June 30, 2023.
Forsee Power’s batteries will provide 120-km range to 3-wheel electric vehicles made by Indian manufacturer 3ev Industries
Paris, June 14, 2023 – 05:45 pm CEST – Forsee Power (FR0014005SB3 – FORSE), an expert in smart battery systems for sustainable electromobility, announces that 3EV – an Indian manufacturer of 3-wheel Cat-L5 electric vehicles – will use Forsee Power’s battery systems as standard equipment.
Forsee Power launches FLEX PLUS, an eco-designed flexible battery system for heavy vehicles
Paris, June 5, 2023 – 5:45 p.m. CEST – Forsee Power (FR0014005SB3 – FORSE), the expert in smart battery systems for sustainable electromobility, is launching FLEX PLUS, a new high value-added battery system, to equip heavy electric vehicles (buses, trucks, off-highway vehicles).
This new FLEX PLUS battery pack completes the PLUS format product family, already including ZEN PLUS, a high-energy battery system range launched in 2022.
MTB chooses Forsee Power for retrofitting diesel buses into electric in North America
Paris, May 22, 2023 – 5:45 pm CEST – Forsee Power (FR0014005SB3 – FORSE), the expert in smart battery systems for sustainable electromobility and MTB Transit Solutions, one of North America’s leading repairs, refurbishment and repower specialists for buses, announce their partnership for the retrofit of buses in North America. Forsee Power will supply battery systems to MTB to convert diesel buses into electric vehicles.
Hydrogen vehicles, a 100%-battery alternative for zero emission electromobility
Hydrogen vehicles are a promising option for the future, but their costs and carbon footprints are being debated.
Like retrofit, the hydrogen industry is emerging. Several countries are presenting ambitious plans to accelerate its development, praising the availability of the resource and its high energy density. For example, France and Portugal are dedicating 7 billion euros to the sector until 2030, Germany, Spain and the Netherlands 9 billion and Italy 10 billion.
Mathieu –Fayat Group chooses Forsee Power to electrify its street sweepers and washers
Paris, May 9, 2023 – 7:30 a.m. CET – Forsee Power (FR0014005SB3 – FORSE), expert in smart battery systems for sustainable electromobility, announces that Mathieu –a business owner by Fayat Group has chosen to equip its street sweepers and washers with Forsee Power battery systems to enable zero-emission operations in urban environments.
The vehicles will incorporate ZEN 8 SLIM, a versatile and ultra-thin battery developed by Forsee Power engineers for the off-highway market.
Forsee Power launches ZEN LITE, a new ultra-high energy density battery system for heavy vehicles
Paris, May 2, 2023 – 5:45 p.m. CEST – Forsee Power (FR0014005SB3 – FORSE – the “Company”), the French expert in smart battery systems for sustainable electromobility, is launching a new offer of high value- added battery systems, ZEN LITE, at the occasion of the Advanced Clean Transportation Expo event, opening today in California.
The ZEN LITE battery system was developed by Forsee Power’s R&D engineers to meet the specific needs of 350 V heavy electric vehicles whose battery market is growing rapidly.
Solid-state battery: the future of electromobility?
100% lithium or hydrogen battery electric solutions – including a lithium-ion battery – are the most mature and coveted alternatives for the energy transition of the transport sector.
Lithium batteries are being actively researched and improved: lighter, more compact, more capacitive, faster charging and more stable over time, solid-state cell manufacturers are announcing one after the other their incredible results and betting on this “technology of the future”. Over the past 10 years, interest in this technology has been revived with the use of new materials with high ionic conductivity.
Iochpe-Maxion and Forsee Power announce a partnership to offer zero-emission integrated solutions for electrification of commercial vehicles
Paris, April 6, 2023 – 7:30 am CEST – Maxion Structural Components, a business division of Iochpe-Maxion (MYPK3) and one of the largest producers of automotive structural components in the Americas, and Forsee Power (FR0014005SB3 – FORSE), a European leader specializing in smart battery systems for sustainable transportation, are pleased to announce a partnership to offer the integration of battery systems for electric vehicles, especially on the chassis of trucks, buses and off-road vehicles.