Forsee Power
Forsee Power designs and manufactures modular lithium-ion battery systems for commercial and industrial electric vehicles, including buses, trucks, rail, off-highway, and light electric vehicles, selling B2B to OEMs and fleet operators globally.
- Company typePublic
- Founded2011
- HeadquartersIvry-sur-seine, France
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Forsee Power does
Forsee Power, founded in 2011 and headquartered in Ivry-sur-Seine, France, designs and manufactures modular lithium-ion battery systems for commercial and industrial electric vehicles. Its product platform is organized into High Voltage families (ZEN high-energy using NMC or LFP cells, FLEX energy-and-power using NMC, PULSE high-power using Toshiba LTO cells, and SPIKE ultra-high-power lithium-ion supercapacitor modules for catenary-free rail) and Low Voltage families (ZEN 8 SLIM, GO swappable and on-board LFP packs, LIFE plug-and-play), supported by LINK power converters and trackside charging stations. A proprietary Battery Management System with native IoT, cybersecurity, and data-analytics integration runs across the portfolio, and the company claims cell-to-pack manufacturing since 2018 and the world's thinnest modular battery at 128mm height (ZEN SLIM, 251-254 Wh/L).
The company sells exclusively B2B through direct OEM engagement and powertrain system integrators, serving bus, truck, rail, off-highway, light electric vehicle, hydrogen, retrofit, and industrial equipment manufacturers. Revenue streams include hardware sales (the dominant stream), aftermarket services and field maintenance, the Forsee Academy technician certification program, the Forsee Digital subscription monitoring service, and Forsee Solutions turnkey electrification consulting. Customer evidence includes Wrightbus, Heuliez Bus (IVECO group), CaetanoBus, Bozankaya, Iveco, BAE Systems, Wabtec, Rolls-Royce Power Systems, Hitachi Industrial Products, KGHM, Kubota, Iseki, Custom Denning, MegaFlux, Tohatsu, RATP, and Connected Energy, with 5,200+ heavy buses and 150,000+ light vehicles cumulatively equipped.
Forsee Power operates five manufacturing facilities across France, Poland, China, India, and the United States (Hilliard, Ohio — enabling Buy America compliance) and has three R&D centers (Paris, Lyon, Zhongshan) employing more than 160 engineers. It is publicly listed on Euronext Growth Paris under ticker ALFOR (ISIN FR0014005SB3), having transferred from the Euronext Paris regulated market effective February 16, 2026. Reported FY2024 revenue was €151.77M with a net loss of approximately €12.07M, and Q3 2025 cumulative revenue reached €105.0M against a trailing-twelve-month decline of 16.2%. Leadership under founder Christophe Gurtner (Chairman & CEO) is supported by regional VPs for Europe, Asia-Pacific, and North America, and the company is executing a RePower27 restructuring plan with a new CFO appointed in November 2025.
Forsee Power firmographics
Firmographics- Name
- Forsee Power
- Legal name
- Forsee Power
- Website
- https://www.forseepower.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Forsee Power designs and manufactures modular lithium-ion battery systems for commercial and industrial electric vehicles, including buses, trucks, rail, off-highway, and light electric vehicles, selling B2B to OEMs and fleet operators globally.
- Ownership category
- akta.pro rank
Forsee Power industry classification
Industry- Product category
- Commercial Vehicle Battery Systems
- NAICS
- Battery Manufacturing (33591), Battery Manufacturing (335910)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Power, Distribution & Specialty Transformers (3612)
- akta.pro primary industry
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)
- akta.pro secondary industries
- Battery Management Systems (BMS) & Battery Electronics (IMAGAHAC), Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ), E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), EV & Hybrid Battery Service, Diagnostics & Reconditioning (TLAKAMAA), Testing, Grading & State-of-Health (SoH) Diagnostics (EOL Assessment, Certification) (EUAFACAH)
Keywords
Where Forsee Power is headquartered
LocationHeadquarters
- HQ city
- Ivry-sur-seine
- HQ country
- France
- HQ region
- Europe
Offices10 records
Markets served
Forsee Power business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Battery System Sales: Primary revenue stream from design, manufacture, and sale of modular lithium-ion battery systems for commercial and industrial electric vehicles including buses, trucks, rail, off-highway vehicles, and light electric vehicles. Revenue model is project-based with direct OEM contracts.
- Aftermarket Services: Spare parts, repairs, preventive and corrective maintenance, flying doctor services, monitoring, and technical support for deployed battery systems. Includes customer satisfaction and engineering support for root cause analysis.
- Forsee Academy Training: Certification training programs for customer technicians at three levels covering system diagnosis, battery handling, maintenance operations, and trainer certification.
- Forsee Digital: Real-time monitoring and fleet management solutions for battery systems. Remote optimization services and customer data recording for operational efficiency.
- Forsee Solutions: Turnkey electrification consulting including equipment definition, vehicle integration support, and infrastructure planning for OEMs and cities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Forsee Power product offering
Product offeringCore offering
Forsee Power designs and manufactures smart lithium-ion battery systems for commercial and industrial electric vehicles. The company offers a comprehensive portfolio of modular battery platforms (ZEN, FLEX, PULSE, SPIKE, GO, LIFE) supporting multiple chemistries (NMC, LFP, LTO) and configurations for buses, trucks, rail vehicles, off-highway equipment, light electric vehicles, and industrial applications. Complementary offerings include LINK power converters, ultra-fast trackside charging stations, and lifecycle services (consulting, digital monitoring, field maintenance, and training).
Product overview
Forsee Power offers a comprehensive modular battery system portfolio organized into High Voltage (ZEN, FLEX, PULSE, SPIKE) and Low Voltage (ZEN, GO, LIFE) families, complemented by LINK power converters and Charging Stations. The platform-based architecture allows customizable configurations for diverse applications including transit buses, off-highway vehicles, rail (locomotives, trams), trucks, light electric vehicles, hydrogen vehicles, retrofit, and industrial applications. Services include Forsee Power Services (Solutions, Digital, Field Services, Academy) and a dedicated Aftermarket division providing lifecycle support.
Differentiator
Problem solved
Functional benefit
Products and services
- ZEN – High-energy (High Voltage) High-energy battery systems featuring NMC or LFP cells for heavy vehicles (trucks, buses) offering extended range for long-distance travel and intensive-use applications. Configurable from 48V/8kWh to 800V/760kWh with high energy density for extended range.
- FLEX – Energy & Power (High Voltage) Battery modules balancing energy and power for heavy-duty electric or hybrid vehicles with liquid thermal management and NMC cell technology for reliable depot or occasional charging.
- PULSE – High-power (High Voltage) High-power battery systems using LTO cells enabling ultra-fast charging (3-5 minutes) for hybrid diesel, hydrogen, or opportunity charging applications with up to 15-year service life.
- SPIKE – Ultra-high power (High Voltage)
Quantifiable outcome
- A bus with electric battery emits six times less CO2 than a diesel bus over vehicle lifetime
- +8 more outcomes
Companies that use Forsee Power
Customer profileNamed customers20 records
Segments8 records
Ideal customer profiles2 records
Forsee Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
Forsee Power partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered flagship, core, adjacent, major and strategic.
- WabtecflagshipMoU signed June 2026 to integrate Forsee Power PULSE PLUS RAIL battery systems into Wabtec's battery-electric locomotive platforms for freight, passenger, and mining applications. PULSE PLUS RAIL uses Toshiba's LTO cells with up to 20-year lifespan, 1500 VDC output, and liquid thermal management. Wabtec is a global leader in freight and transit rail equipment with a 2021 milestone of unveiling the world's first battery-electric freight locomotive.
- Hitachi Industrial ProductscoreMoU signed May 2026 to collaborate on hybrid and electric systems for mining vehicles, locomotives, and construction machinery, plus aftersales services in key international markets. Combines Hitachi's expertise in motors, inverters, and electrical components with Forsee Power's battery systems and global aftermarket capabilities to accelerate decarbonization of heavy-duty applications.
- TohatsuadjacentDelivery of GO 1.6 battery systems for Tohatsu's electric portable fire pump VM130A, recently certified in Japan. Compact, lightweight design for professional fire-fighting operations.
- BozankayacoreTurkish manufacturer selected Forsee Power for two vehicle programs: (1) new 3-section catenary-free tramway with PULSE 26 RAIL for up to 20km wireless operation, (2) third-generation 12-18m electric buses with ZEN LFP (up to 659 kWh). Initial order of 10 tramways for Timișoara, Romania (Q4 2026 delivery). Manufacturing in Chasseneuil-du-Poitou, France.
- MegaFluxmajorMexico-based manufacturer of electric powertrains and retrofit solutions selected Forsee Power ZEN LFP battery system to equip heavy vehicle powertrains. MegaFlux aims to electrify Mexican bus and truck fleets with plans to deploy approximately 400,000 electric buses over 20 years.
- Rolls-Royce (Power Systems Division)coreFive-year MoU signed October 2025 to jointly develop advanced battery-electric propulsion solutions for industrial and transport applications. Forsee Power serves as primary battery systems supplier to Rolls-Royce's Power Systems division. Partnership includes joint development of monitoring, analytics, and cybersecurity solutions combining battery system expertise focused on performance and sustainability.
- KGHMcorePolish copper miner (largest mined copper producer in Europe) selected Forsee Power battery systems for electric mining machines. Products include ZEN 54 LITE (up to 100 km range after 60-min charge) and ZEN 36 LFP designed for demanding underground mining conditions.
- NeotstrategicLaunch of Neot e-motion, a European platform dedicated to financing low-carbon mobility. Forsee Power is a partner in this initiative providing battery solutions for financed fleets. €350 million equity commitment from Mirova, Alba Infra Partners, and Banque des Territoires.
- Connected EnergystrategicPartnership to develop grid-scale energy storage using second-life batteries from electric buses. Connected Energy investing £2 million in UK's most advanced second-life EV battery testing facility at Scottow Enterprise Park, Norfolk (5MWh BESS, opening mid-2026). First batteries supplied by Forsee Power. Project supported by Advanced Propulsion Centre UK.
- WrightbuscoreLong-standing partnership for hydrogen buses (StreetDeck H2 with PULSE 2.5, 320 km range) and electric buses (ZEN SLIM for standard and double-decker buses, up to 432 kWh, 350+ km range). Wrightbus won JIVE tender with nearly 100 hydrogen bus orders for London, Liverpool, Aberdeen.
- Heuliez BuscorePartnership for electric buses including 180+ GX 337 ELEC buses for RATP with ZEN 42 as part of Bus2025 plan. Heuliez Bus is part of IVECO group.
- CaetanoBuscorePartnership for H2.City Gold hydrogen hybrid buses (PULSE 15, up to 400 km range) and e.City Gold electric buses (ZEN 35, 350 kWh, 230 km range) deployed in London since 2020.
- KubotacoreJapanese equipment manufacturer selected Forsee Power PULSE 0.5 for 48V micro-hybrid engines powering light construction and agricultural vehicles. LTO cells provide long life and very high power characteristics for hybrid applications.
- IsekicoreJapan's leading agricultural machinery manufacturer adopted ZEN 8 SLIM for first electric tractor mower. 8 kWh battery positioned in engine block with performance equivalent to diesel.
- Custom DenningadjacentAustralian OEM accelerating orders to electrify buses with Forsee Power sustainable batteries.
- Westward IndustriesadjacentOEM equipped with Forsee Power batteries for electric vehicles.
- GreenMOTadjacentFrench company converting diesel vehicles to electric. Forsee Power supplying 49 ZEN SLIM battery systems for school buses converted for Rouen Normandy Metropolis - first public order for electrically retrofitted school buses in France.
- IVECO BUScorePartnership for electric bus integration. Forsee Power trained IVECO BUS maintenance technicians on battery solutions integrated into several manufacturer models. Won largest lot in RATP tender with IVECO.
Scale indicators14 records
Recent moves8 records
Expansion highlights7 records
Forsee Power competitors and assessment
Company assessmentDirect peers
- Akasol (BorgWarner): Akasol, now a BorgWarner subsidiary, designs and manufactures lithium-ion battery systems for commercial vehicles (buses, trucks, rail, off-highway) — the most direct comparable to Forsee's commercial-vehicle battery pack business in Europe.
- Leclanché: Swiss-listed manufacturer of lithium-ion battery packs and systems for e-transport (bus, rail, marine) and stationary storage; competes head-to-head with Forsee in European rail and bus applications.
- Toshiba (SCiB / rechargeable battery business): Toshiba's SCiB LTO cell and battery systems business supplies Forsee's PULSE PLUS RAIL platform and is itself a direct competitor in high-power rail and rapid-charge applications.
- BMZ Group: German-headquartered lithium-ion battery pack assembler serving e-mobility (commercial vehicles, industrial) and energy storage, with comparable modular pack architectures and European OEM customer base.
- Webasto: Webasto's e-mobility division supplies standardized and modular battery systems for commercial vehicles (buses, trucks), overlapping with Forsee's ZEN and FLEX product lines in the European OEM channel.
Emerging players
- Northvolt: Swedish battery cell and pack manufacturer building a European gigafactory footprint; while primarily focused on cells, its commercial-vehicle pack initiatives overlap with Forsee's European customer base.
Broad incumbents
- CATL: World's largest battery manufacturer; competes with Forsee across commercial-vehicle and ESS end-markets via direct OEM supply and through European module/pack assembly partnerships.
- BYD: Vertically integrated battery and EV manufacturer with a large commercial-vehicle (bus, truck) product line that competes with Forsee's OEM customer set globally.
- LG Energy Solution: Global tier-1 battery manufacturer supplying cells and packs to commercial-vehicle and ESS customers; competes with Forsee in OEM pack integration and procurement.
Others
- ABB E-mobility: Charging infrastructure provider whose heavy-duty and rail charging solutions complement and partially overlap with Forsee's LINK power-conversion and charging-station portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Forsee Power social profiles
Digital presenceForsee Power compliance and trust
Trust signalCompliance12 records
Forsee Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Forsee Power leadership team
Management profileNumber of profiles
Profiles12 records
Forsee Power funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Forsee Power M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Forsee Power
What does Forsee Power do?
Forsee Power designs and manufactures smart lithium-ion battery systems for commercial and industrial electric vehicles. The company offers a comprehensive portfolio of modular battery platforms (ZEN, FLEX, PULSE, SPIKE, GO, LIFE) supporting multiple chemistries (NMC, LFP, LTO) and configurations for buses, trucks, rail vehicles, off-highway equipment, light electric vehicles, and industrial applications. Complementary offerings include LINK power converters, ultra-fast trackside charging stations, and lifecycle services (consulting, digital monitoring, field maintenance, and training).
Is Forsee Power a public or private company?
Forsee Power is a public company. It is classified as public and is currently operating.
When was Forsee Power founded?
Forsee Power was founded in 2011. It employs 501 to 1,000 people.
Where is Forsee Power based?
Forsee Power is headquartered in Ivry-sur-seine, France, in the Europe region.
How does Forsee Power make money?
Five revenue lines are on record. Battery System Sales are the primary driver. The others are aftermarket Services, forsee Academy Training, forsee Digital and forsee Solutions.
Who are Forsee Power's main competitors?
Direct peers on record are Akasol (BorgWarner), Leclanché, Toshiba (SCiB / rechargeable battery business), BMZ Group and Webasto. Northvolt is listed as an emerging player. Broad incumbents are CATL, BYD and LG Energy Solution. ABB E-mobility is listed as an others.
Does Forsee Power have an API?
No public API is recorded for Forsee Power.
What industry is Forsee Power in?
Forsee Power's product category is Commercial Vehicle Battery Systems. Its primary akta.pro industry code is IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly), with a secondary code of IMAGAHAC, Battery Management Systems (BMS) & Battery Electronics. Its NAICS code is 33591 and its SIC code is 3600.