Paris-based Forsee Power, producer of smart battery systems for electro-mobility markets, has secured a loan of EUR50m from the European Investment Bank (EIB) taking finance borrowings in 2020 and to date to EUR105m for investment and in support of its growth into new electromobility markets and geographies.

Battery producer, Forsee Power, has appointed former Iveco brand president, Pierre Lahutte to its Supervisory Board.

Forsee Power SAS, supplier of smart battery systems, has announced it is entering the Indian market to equip electric two and three wheelers as well as buses.