Turnover: 100 million EUR (2022)

Country: France

Forsee Power is a French company specializing in the production of innovative batteries. It has filed 80 patents and has 2 R&D centers. The company manufactures batteries for electric city buses in particular.

News

Paris 2024 Olympics: Toyota relies on Forsee Power to power its electric shuttles 08/12/2023

  • Manufacturer specializing in intelligent battery systems for buses, trucks, trains, public works vehicles, scooters, City of Paris sweepers
  • Plant near Poitiers, launched in 2018
  • Five production sites worldwide.
  • The company to supply high-density batteries for a Toyota shuttle for the Paris Olympics
  • Toyota plans to line up around 2,650 electrified vehicles, plus 700 models.
  • Some modules will be assembled in Portugal at Caetano, a producer of hydrogen buses in which the Japanese giant has a 27% stake.

Hyliko and Forsee Power join forces in hydrogen-powered trucks 14/12/2022

  • Forsee Power (650 employees) achieved sales of 75 million in 2021, will exceed 100 million in 2022
  • Manufacturer of batteries for heavy-duty vehicles
  • More than 1,600 electric buses and around a hundred hydrogen-powered vehicles equipped with its batteries
  • Company founded in 2011 and floated on the stock exchange
  • Signed its largest hydrogen contract with Hyliko, to equip its fleet of retrofitted H2 trucks
  • Forsee Power already has two plants in China and India

Forsee Power batteries for buses in the USA 27/06/2022

  • Forsee Power plans to set up a factory in Ohio, an investment of 13 million euros
  • The gigafactory will produce the equivalent of 3 gigawatt-hours of batteries, enough to electrify 5,000 to 6,000 buses
  • The bus battery manufacturer plans to hire 150 people
  • In 2021, the Biden administration and Democratic congressmen have launched a $25 billion program to convert the entire polluting fleet to electric in ten years
  • The American school bus market is expected to grow by 4.74% a year, reaching 5.5 billion euros in 2027
  • The country's largest fleet
  • By 2021, the company will have 600 employees and sales of 72 million euros

Forsee Power quadruples its capacity at Chasseneuil-du-Poitou 25/06/2022

  • Mobility battery specialist to quadruple production capacity in five years
  • iPO in November 2021 and 50 million euro loan from the European Investment Bank
  • major contract with British bus manufacturer Wrightbus to equip 420 buses with Zen Slim modular batteries
  • Target: 10,000 batteries a year, compared with the current 2,500

Financial Data

DUNS: 494605488

Legal Name: FORSEE POWER

Address: 1 BD HIPPOLYTE MARQUES , 94200 IVRY-SUR-SEINE

Number of employees: Entre 250 et 499 salariés (2020)

Capital: 5 357 200 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016 2015
Turnover 66 877 794 61 083 946 53 510 953 24 830 560 17 052 772 13 505 998 12 036 250
Gross margin (€) 29 223 035 25 168 503 13 191 106 10 079 730 6 978 509 5 060 293 3 431 731
EBITDA (€) -20 134 655 -12 422 096 -17 996 999 -17 293 652 -10 952 519 -8 151 865 -7 076 903
Operating profit (€) -32 840 210 -23 361 748 -23 843 297 -19 991 295 -12 644 093 -9 886 144 -8 316 373
Net profit (€) -25 627 034 -24 640 988 -25 396 685 -22 464 648 -17 004 675 -10 502 925 -7 643 501
Turnover growth rate (%) 9,5 14,2 115,5 45,6 26,3 12,2 -
Ebitda margin rate (%) -30,1 -20,3 -33,6 -69,6 -64,2 -60,4 -58,8
Operating margin rate (%) -49,1 -38,2 -44,6 -80,5 -74,1 -73,2 -69,1
Working Capital (turnover days) 199,3 206,2 91 158,3 114,6 162,9 143,8
Working Capital requirements (turnover days) 193,5 218,8 84,6 128,8 110,1 171,4 147,8
Net margin (%) -38,3 -40,3 -47,5 -90,5 -99,7 -77,8 -63,5
Added value / Turnover (%) 3,7 10 -5,2 -26,6 -15,3 -11 -15,9
Wages and social charges (€) 21 620 193 17 045 661 15 413 788 11 179 777 8 162 378 6 606 762 5 355 657
Salaries / Turnover (%) 32,3 27,9 28,8 45 47,9 48,9 44,5

Company Managers:

Position First Name Last Name Age Linkedin
Président du conseil d'administration, Directeur général, Administrateur Christophe Martin GURTNER 60
Administrateur Pierre, Eugène, Joseph Lahutte 52
Administrateur Kosuke Nakajima 49
Administrateur Isabelle, Sylvie, Martine DROGY 54
Administrateur Florence, Cécile DIDIER 58
Administrateur Véronique, Marie-Xavier BONITEAU 55
Administrateur Sonia, Aline TROCME 56
Administrateur Jörg ERNST 57
Administrateur Corinne, Armande, Roberte TRESY 58
Administrateur Sylvie, Annick BERNARD 59
Commissaire aux comptes titulaire Jean Lebit 63

Studies mentioning this company

The electric cars market - France

Other companies mentioned:

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