Electranova Capital, a fund managed by Idinvest Partners in association with EDF, has backed Forsee Power Solutions. Founded in 2011, Forsee Power Solutions specializes in integration which entails designing, developing and assembling battery systems.
Electranova Capital, the private equity innovation fund managed by Idinvest Partners in association with EDF has announced its investment 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, specializing 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, CEO of Forsee Power Solutions commented: “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 highly innovative programs with various partners, earning it OSEO’s Société innovante prize for innovation in 2012.
Nicolas Chaudron, Partner at Idinvest Partners added: ”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.”
About Forsee Power Solutions
Forsee Power Solutions was founded in 2011 when Uniross, Ersé and Energyone merged their industrial activities. Its core business is the integration and assembly of rechargeable industrial‑grade batteries for the mobile and stationary energy storage markets. Forsee’s products (batteries, chargers, and battery management systems or BMS) are marketed internationally to high‑profile customers, through sales offices in France and the United States. The company has laboratories and plants in France, Poland, and China.
About Electranova Capital and Idinvest Partners
Electranova Capital was launched in May 2012 by Idinvest Partners in association with EDF and with support from Allianz and CDC. The fund’s mission is to back innovative, emerging projects based on new technologies with a view to fostering low‑carbon business.
With €3.6 billion under management and 40 staff, Idinvest Partners is a leading pan-European private equity manager focused on the middle market segment. Idinvest Partners has developed several complementary areas of expertise including investments in innovative European start-ups, primary, secondary and mezzanine investments in European non-listed companies, and private equity consulting. Founded under the name AGF Private Equity in 1997, Idinvest Partners was formerly part of the Allianz Group until 2010 when it joined forces with IDI Group to become independent.
Co-founder, Executive Director
Citigate Dewe Rogerson Paris
16 rue de Londres
Tel +33 (0)1 53 32 78 90
Mobile +33 (0)6 66 58 81 92