Forsee Power announces its half-year results for 2022: continued sales momentum, establishment of North American headquarters and solid financial structure
Paris, September 14th, 2022 – 5:45 – Forsee Power (FR0014005SB3 – FORSE – the
« Company »), the expert in smart battery systems for sustainable electromobility, announces
today its 2022 half-year results, approved by the Board of Directors on September 14, 2022.
Christophe Gurtner, Chairman and Chief Executive Officer of Forsee Power comments:
« Forsee Power’s sales momentum increased throughout the first half of 2022 despite a tense supply chain environment. The second quarter of 2022 was marked by a recovery in sales in the heavy vehicle segment, while the growth of the activity in the light vehicle market remained strong. In parallel with this good commercial performance, we also improved our adjusted EBITDA by 21% and intend to continue improving our financial performance. Semester after semester, electromobility is establishing as the new standard for the transportation of people and goods. To meet this booming demand, we are continuing to deploy our strategic plan, which was marked during the first half of the year by our expansion into the US market and the extension of our range of innovative products and services. Finally, the Company has solid financial resources to pursue its growth as of the second half of 2022 and thus consolidates its position as the leader in intelligent battery systems ».
Forsee Power obtains the gold medal from the CSR rating organization EcoVadis
Paris, September 1, 2022 – 6:00 p.m. CEST – Forsee Power (FR0014005SB3 – FORSE), the expert in smart battery systems for sustainable electromobility, obtained the gold medal from EcoVadis, a Corporate Social Responsibility (CSR) rating organization, for its sustainable development performance, reaching a score of 70/100.
This award, granted to only 5% of all 90,000 companies assessed by EcoVadis, recognizes the Company’s progress in terms of environment, sustainable procurement, ethics and human rights.
Forsee Power reports sales of €49.7 million in the first half of 2022, up 34%
Increase in sales momentum in Q2 2022: +52% vs. Q2 2021 Further roll-out of the strategic roadmap Paris, July 27th, 2022 – 7:30 am CEST – Forsee Power (FR0014005SB3 – FORSE – la « Société »), the expert in smart battery systems for sustainable electromobility, announces today its sales for the first half of 2022 ended June 30, […]
Forsee Power starts deliveries of 5,000 GO 10 batteries to Omega Seiki for their RAGE+ electric 3-wheelers
Paris, July 7, 2022 – 5:45 pm CEST – Forsee Power (FR0014005SB3 – FORSE), an expert in smart battery systems for sustainable electromobility, announces that it has started to deliver Indian vehicle manufacturer Omega Seiki Mobility (OSM) its GO 10 battery systems – as part of the MOU signed a year ago – to equip 5,000 electric RAGE+ 3-wheelers.
Forsee Power and EDF Store & Forecast sign a partnership for the development of mobile electricity storage systems
Paris, June 30, 2022 – 6:00 pm CEST – Forsee Power (FR0014005SB3 – FORSE), the expert in smart battery systems for sustainable electromobility, and EDF Store & Forecast, specialist in smart battery storage solutions, announce the signing of a partnership for the development of mobile and intelligent electricity storage systems, using second-life batteries.
Forsee Power to establish North American headquarters and battery systems gigafactory in Columbus, Ohio
Paris, June 27, 2022 – Forsee Power (FR0014005SB3 – FORSE), an expert in smart battery systems for sustainable electromobility, today announces at the SelectUSA Investment Summit in Washington D.C. that the Group establishes its North American headquarters and gigafactory in Hilliard, Ohio.
This is a major step in the development of the Group that now has a unique international footprint in the battery system industry.
Forsee Power publishes its 3rd sustainability report
Paris, June 17, 2022 – 7:30 a.m. CEST – Forsee Power (FR0014005SB3 – FORSE), the expert in smart battery systems for sustainable electromobility, publishes its 3rd sustainability report on its 2021 performance.
The Company has now achieved 3 out of the 10 objectives as part of its Impact 2025 sustainability roadmap.
Ballard Motive Solutions chooses Forsee Power high-power battery systems to equip 20 fuel cell Refuse Collection Vehicles
Paris, June 09, 2022 – 6:00 pm – CEST – Forsee Power (FR0014005SB3 – FORSE), an expert in smart battery systems for sustainable electromobility, announces that Ballard Motive Solutions, a subsidiary of Ballard Power Systems, has placed an order to equip 20 zero-emission Refuse Collection Vehicles (RCV) with Forsee Power battery systems.
This comes as a result of the strategic partnership that was announced last November, ahead of Forsee Power’s IPO, which Ballard Power Systems invested in.
Forsee Power supports the deployment of electric bus fleets with its Forsee Power Services offer
Paris, June 7, 2022 – 5:45 p.m. CEST – Forsee Power (FR0014005SB3 – FORSE), the expert in smart battery systems for sustainable electromobility, presents its range of services to facilitate the energy transition of communities, transport operators and bus manufacturers.
On the occasion of the trade show dedicated to public transport, European Mobility Expo, taking place from June 7 to 9 in Paris, Forsee Power unveils its innovative offer of tailor-made services, complementary to its battery solutions for heavy vehicles.
Forsee Power finalizes the acquisition of NEoT Capital shares from Mitsubishi Corporation
Paris, June 2, 2022 – 5:45 p.m. CEST – Forsee Power (FR0014005SB3 – FORSE – the “Company”), expert in smart battery systems for sustainable electromobility, announces that it has completed the acquisition of NEoT Capital shares from Mitsubishi Corporation.
With the aim of facilitating and accelerating the transition to electric mobility (buses or other vehicles), Forsee Power created NEoT Capital with EDF and Mitsubishi Corporation in 2016 in order to finance electric fleet development in the form of battery/vehicle/infrastructure rental.