Positive EBITDA for battery company Forsee Power in 2024
By Luke Willetts - 6th March 2025
Christophe Gurtner, Founder & CEO of Forsee Power
France – Smart battery systems supplier, Forsee Power SAS of Paris, France, announced its 2024 financial results, with revenues down by EUR 19.5 million (11.38%) at EUR 151.8 million compared with 2023 figures of EUR 171.3 million. Despite lower revenues, the company claims it achieved a positive adjusted EBITDA for the first time in its history.
In the heavy vehicle segment, the company generated EUR 135.6 million, a decrease from EUR 145.5 million in 2023. Conversely, in the light vehicle segment, 2024 sales declined to EUR 16.2 million in sales, a 37.1% decline from EUR 25.8 million the previous year. The overall reduction in sales is attributed to a significant drop in cell prices and decreased activity with a longstanding customer. Looking ahead, Forsee Power anticipates renewed growth in 2025, driven by the bus and off-highway markets.
