Electranova Capital, the private equity innovation fund managed by Idinvest Partners in association with EDF, has invested in Forsee Power Solutions with the aim of supporting its growth and business development.
Founded in 2011, Forsee Power Solutions is a leading participant in the market for batteries, specialising in integration which entails designing, developing and assembling battery systems.
Forsee Power Solutions operates in a fast-growth market currently undergoing transformation: solutions for power storage needs driven by the development of renewable energies (residential, commercial and industrial power storage), hybrid and electric vehicles, in addition to mobile devices and equipment (electric powered cycles, medical equipment, robotics, home automation, etc.).
Equipment manufacturers now need power specialists who can not only provide them with knowledge of the various electrochemical battery solutions available on the market, but also have the resources and expertise to develop BMS (battery management and data processing systems) which are indispensable for battery performance and safety.
Christophe Gurtner, chief executive of Forsee Power Solutions, says: “The investment by Idinvest Partners via Electranova Capital in conjunction with EDF is a recognition of Forsee’s expertise and vision in developing these new markets. More importantly, it will enable us to substantially boost our resources, strengthen our teams, and build business synergies, while also combining our forces in order to bolster the growth potential we offer our customers. “
Forsee Power Solutions is already working with EDF on a number of R&D and electric vehicle projects. Simultaneously, the company has continued to develop other programmes with various partners, earning it OSEO’s Société innovante prize for innovation in 2012.
Nicolas Chaudron (pictured), partner at Idinvest Partners, says: “The energy storage sector has been central to our investment strategy for a long time. We are delighted that Forsee Power Solutions has chosen us to provide it with development support. In our opinion, this company has rapidly set itself apart with a high‑quality leadership team, strong growth, and the desire to become an international market player. What is more, our relationship with EDF will enable Forsee to speed up its development by quickly building strong technical and commercial ties with one of the energy sector’s world leaders.”
