# Forsee Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forsee-power

- Industry: Energy Storage & Batteries
- Headquarters: Ivry-sur-Seine, France
- Website: www.forseepower.com
- Total disclosed funding: $16M
- Latest round: Series C (Jan 9, 2019)
- Investors on record: 1

## About

Forsee Power Solutions, based in France, specializes in designing and manufacturing innovative battery systems for various mobility applications, supporting the transition to sustainable transportation.Founded in 2011 and headquartered in Ivry-sur-Seine, France, Forsee Power Solutions designs modular battery systems for electric vehicles. The company has successfully completed 6 funding deals, with its most recent funding round occurring on October 22, 2021, raising EUR 11.29 million led by Eurazeo and supported by Bpifrance Investissement.Forsee Power specializes in advanced modular battery systems tailored for diverse mobility applications such as transit buses, trucks, and light utility vehicles. Their key products include the ZEN, FLEX, PULSE, and SPIKE battery systems, which facilitate the electrification of transportation. The company has electrified over 4,500 buses and 145,000 light electric vehicles globally, serving clients across Europe, North America, and Asia.In the most recent financial year of 2022, Forsee Power Solutions reported a revenue of EUR 116.99 mn and an EBITDA of EUR -22.15 mn, primarily generated through direct sales of battery systems and partnerships with OEMs and fleet operators.Forsee Power is focused on expanding its product line by developing new battery systems designed for additional mobility applications, with plans to release these innovations in the near future. The company aims to penetrate new markets in Asia and North America by the end of 2023. The recent funding of EUR 11.29 million will support these expansion initiatives.

## Funding rounds

- Series C, Jan 9, 2019, $16M — Bpifrance Investissement

## Investors

- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series C