# Varroc to acquire 45% stake in Forsee Power India in EV battery joint venture

Varroc Engineering Limited has agreed to acquire a 45% stake in Forsee Power India Private Limited as part of a strategic joint venture with France-based Forsee Power SA, including an exclusive technology licence for battery systems in India and the SAARC region.

- Type: Acquisition
- Announced: 2026-11-05
- Where: India
- Status: announced
- Products: lithium-ion battery systems for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Forsee Power](https://endata.com/companies/31027.md) (partner)
- [Varroc Engineering](https://endata.com/companies/44944.md) (acquirer)
- [Forsee Power India](https://endata.com/companies/95020.md) (target)

## Sources

- [amaconnect.in](https://www.amaconnect.in/news/varroc-forsee-power-india-ev-battery-joint-venture), 2026-11-05: "Varroc Engineering Limited has agreed to acquire a 45% stake in Forsee Power India Private Limited as part of a strategic joint venture with France-based Forsee Power SA."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.