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Forsee Power to Form Electric Mobility JV in India with Varroc Engineering

MT Newswires·10/19/2026 00:12:32
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12:12 AM EDT, 10/19/2026 (MT Newswires) -- Forsee Power (ALFOR.PA) intends to establish an electric mobility joint venture in India with Varroc Engineering, an India-based automotive technology company. The Paris-listed smart battery systems manufacturer said Oct. 16 that the plan includes Varroc's acquisition of a 45% stake in Forsee Power India and subscription to optionally convertible redeemable preference shares to support the joint venture. The planned venture will initially focus on producing battery packs for three-wheelers, with plans to expand to two-wheelers, light commercial vehicles, buses, trucks, off-highway and industrial vehicles.