Forsee revenues up 54% in 2023
By Luke Willetts - 8th March 2024
Christophe Gurtner, Founder & CEO of Forsee Power
France – Smart battery systems supplier, Forsee Power SAS of Paris, France, announced its 2023 financial results, with revenues up 54% in 2023 (EUR 171 million) compared with 2022. The company stated it had experienced a major uptick in sales, exceeding all expectations.
In the heavy vehicle segment, the company sold 145,506 battery units in 2023, compared with 87,844 the previous year, a change of +65.6%. Conversely, in the light vehicle segment, 2023 sales rose to 25,831, a +11.5% increase from 2022 figures (23,175). Analysing total sales, 2023 saw a 54.3% growth, to 171,338, from 2022 sales figures of 111,019. This is a testament to the growth in European EV sales and across the world. More than 3,000 buses and over 135,000 light vehicles worldwide are now equipped with Forsee Power batteries. Furthermore, the company opened up new markets, including Japan and Australia.
