Varroc & Forsee Power Announce Strategic Joint Venture
India’s electric mobility is witnessing a revolutionary phase, with the increasing demand for reliable and localised battery solutions. In order to achieve this, Varroc Engineering Limited and France-based Forsee Power have announced a strategic partnership for increasing the production of EV battery packs across the country.
Varroc will be utilising its manufacturing expertise and OEM relationships with Forsee Power’s advanced battery technology. Together, they will cater to the rising energy needs of the Indian EV landscape.
Varroc & Forsee Partnership Details
According to this strategic alliance, Varroc will have a substantial 45% equity stake in Forsee Power India, which is the French entity’s dedicated Indian subsidiary for battery-pack systems.
Apart from this equity play, Varroc will be responsible for the management and operational control of the subsidiary. In order to back the development and day-to-day operations, Varoc will be subscribing to Optionally Redeemable Preference Shares (OCRPS). Once the regulatory and corporate approvals are provided, the newly formed powerhouse will be ready to hit the ground.
Focussing on Three-Wheelers
The joint partnership will be focussing on designing and manufacturing battery packs exclusively for three-wheelers, a segment which is very important for India’s last-mile connectivity. Once they have set the foundation, they will also expand into:
- Two-Wheelers
- Light Commercial Vehicles (LCVs)
- Buses and Heavy Trucks
- Off-Highway and Industrial Applications
The prime objective is to develop highly adaptive, cost-effective battery systems that are specifically designed to different vehicle platforms and expand local operating conditions.
Also check: Tsuyo Manufacturing Secures $3.2M Annual IPM Motor Order from Indian OEM
The Players Behind the Partnership
Varroc Engineering Limited
It is a global automotive heavyweight formed in 1988, as it brings manufacturing experience to the table. The portfolio ranges from body systems, advanced electronics, and EV Mobility Solutions, as they have reported an income of Rs 89,080 million from original operations in FY2026. It supports 5,400 employees, 37 manufacturing facilities, and seven R&D centers.
Forsee Power SA
As an expert in smart battery systems for commercial electric vehicles, Forsee Power is being recognised as one of the global leaders. Their battery solutions are powering more than 5,500 heavy vehicles and more than 1,50,000 light electric vehicles worldwide.
Apart from assembly, they also bring a lot of experience in energy management systems, installation, maintenance and second-life battery systems.
