Forsee Power, a leading name in battery systems for electric commercial and industrial vehicles, reported €80.8 million in H1 2025 revenue. The company continued to expand across high-value markets, staying focused on diversification despite global headwinds.

CEO Christophe Gurtner acknowledged market challenges like limited visibility and tough competition from Asia. Still, he praised the team’s dedication and shareholder backing. The successful capital raise in June 2025 also boosted confidence as the company entered a demanding second half.

Revenue dipped 4% from H1 2024, mostly due to slower demand from industrial clients. However, Q2 showed a 38% year-over-year increase, reaching €43.7 million. This growth came from expanded activities, especially in railway and stationary storage, now part of the heavy vehicle division.

Though small in volume, these new verticals signal success in Forsee Power’s diversification strategy. The light vehicle segment also delivered an 11% growth compared to H1 2024.

Key Milestones in H1 2025:

  • Introduced PULSE PLUS, a high-performance battery for heavy-duty electric vehicles.
  • Launched GO 6, a modular battery built for light vehicles and industrial machinery.
  • In Turkey, supplied FORSEE ZEN LFP batteries to Otokar’s e-TERRITO buses and partnered with Bozankaya for trolleybus systems.
  • In the UK, collaborated with Connected Energy to develop a storage solution using second-life bus batteries.
  • In North America, partnered with Westward Industries and signed a deal with a major U.S. city to power 55 tramways.
  • In Australia, Custom Denning scaled up bus electrification using Forsee Power’s rugged battery systems.

Strategy and Outlook:

Looking forward, Forsee Power remains committed to high-value sectors, including buses, off-highway machinery, mining vehicles, and rail. The company continues converting its growing order book into revenue while adapting to the ongoing economic uncertainty.

Through innovation and strategic partnerships, Forsee Power solidifies its leadership in the global electric mobility and battery systems market.

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News Source: Businesswire.com