Forsee Power Achieves its 2024 Financial Objectives

Forsee Power, a specialist in battery systems for electric vehicles, has announced a turnover of 151.8 million euros for the year 2024, in line with initial projections. The diversification of its customer portfolio has allowed it to partially offset the loss of a historic customer.

For the first time since its creation, the company recorded a positive adjusted EBITDA. This improvement is explained by rigorous cost management and an increase in margins. The heavy vehicles market maintained its dominance, with a turnover of 135.5 million euros.

For 2025, Forsee Power expects a recovery in growth, supported by expansion in its target markets in Europe, Asia and North America. The company is focusing on opportunities in the heavy-duty vehicle sector and an expansion of its product and service offerings.