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Europe: France: EIB provides €50 million to support Forsee Power s growth

©Shutterstock The EIB is providing €50 million to Forsee Power to help create a European battery champion. This second loan – following an initial €20 million granted in late 2017 under the Juncker Plan – will finance the expansion of the company’s range of products for 100% battery-powered, hydrogen hybrid and thermal hybrid vehicles. It will facilitate product development for new markets and strengthen Forsee Power’s manufacturing capacity. Forsee Power – the smart battery systems for the electromobility markets expert – has announced the conclusion of €105 million in financing to support its expansion into new electromobility markets and regions. This includes a €50 million loan from the European Investment Bank (EIB).

Forsee Power launches thin lithium-ion batteries for commercial vehicles

French-headquartered smart battery systems company Forsee Power has launched its new-generation of extra-thin batteries for 2021. The company claims the new batteries christened Slim, composes the thinnest modular range in the world and will be equipped with a liquid cooling system. To adapt to the changes in the Group s target markets (buses, non-road vehicles, trains, boats) and to meet the requirements of manufacturers and operators in terms of passenger capacity, cost and performance, Forsee Power says its engineering teams have developed the new-generation of slim batteries with unprecedented technical properties and multiple integration capabilities: on the roof, at the rear or in the floor of vehicles. This product will cater to all electric mobility professionals’ needs, across all applications combined.

France s Forsee Power to supply battery systems to Kubota

France’s Forsee Power to supply battery systems to Kubota Kubota’s Micro-hybrid engine that will be powered by the Forsee Power battery system. France-based Forsee Power, a leading player in smart battery systems for the electromobility market has announced that it was selected by Japan’s Kubota as a partner for the battery development to equip their micro-hybrid engines for light construction and agriculture vehicles.  Kubota is a leading global player in industrial engines below 100 HP and also one of the major manufacturers in off-highway vehicles. More than half of their engines are sold to other OEMs and exported.

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