Forsee Power Reports €113.1 Million in Sales as of September 2024

Forsee Power, a leader in battery systems for electric vehicles, has announced its sales figures for the third quarter of 2024. Total revenue amounted to €28.7 million, a 40% decrease compared to the same period in 2023. Sales in the heavy vehicles segment dropped 38.7% to €25.5 million, while the light vehicles segment saw a 48.4% decrease, generating €3.2 million.

Over the first nine months of 2024, Forsee Power recorded sales of €113.1 million, marking a 10.6% decline from the previous year. Despite the downturn, the company maintains its annual sales target of between €150 million and €160 million, aiming for break-even adjusted EBITDA by year-end.

Forsee Power has also launched the ZEN LFP RAIL 1500 V battery system, designed for locomotives on non-electrified tracks, and received the Great Place To Work® certification.