Idinvest backs Forsee Power Solutions

The fresh capital will allow the firm to boost its resources, strengthen the team and build business partnerships.

The GP invested via Electranova Capital, a fund managed in association with EDF. The vehicle invests in emerging projects with a view to fostering low-carbon businesses and holds capital commitments of €40m. Three quarters of the fund's commitments were provided by EDF, with the remaining capital from Allianz. The fund has not yet held a final close.

Company
Founded in 2011 and based in Lognes, Forsee Power provides solutions for power storage needs driven by renewable energy. Its core business is the integration and assembly of rechargeable industrial-grade batteries for mobile and stationary energy storage markets.

Products include batteries, chargers and battery management systems. These are marketed through sales offices in the US and France.

Forsee has laboratories and plants in France, Poland and China. The company was founded through the merger of the industrial activities of Uniross, Ersé and EnergyOne.

People
Nicolas Chaudron is a partner at Idinvest.

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• Topics
• France
• Industrials
• Early-stage
• France
• IDInvest Partners (AGF Private Equity)