Echandia
Latest round
- Series A
Last raised
- Jun 2025
Total raised
- $32M
Investors
- 5
About Echandia
Echandia Marine AB, founded in 2018 in Solna, Sweden, develops energy storage solutions for the maritime sector.Echandia specializes in advanced energy storage solutions tailored for the heavy-duty maritime sector, focusing on electrification initiatives including full electric propulsion and hybrid systems. Their core product offerings comprise high-performance battery systems designed to enhance operational safety and efficiency while minimizing weight and size compared to traditional alternatives. These battery systems are engineered to meet stringent maritime safety standards and are suitable for various applications, such as spinning reserve, uninterruptible power supply (UPS), peak shaving, and supporting zero-emission port calls. Echandia's customer base includes operators of tugboats, commuter ferries, and waterbuses, as well as clients involved in offshore energy sectors.Echandia generates revenue primarily through direct sales of its battery systems to maritime operators and related industries. The company engages in B2B transactions, forming partnerships with vessel manufacturers and operators to integrate its battery solutions into their fleets. Revenue is structured around individual sales contracts, where clients purchase battery systems based on their specific energy requirements and project needs. The pricing structure is aligned with the technological advancements and safety certifications of their products, which include flagship offerings such as LTO (Lithium Titanate Oxide) batteries. These transactions enhance the operational capabilities of the clients and promote sustainable practices within the maritime sector. The company is focused on developing new battery technologies to support its product lineup and will target expansion into new geographic regions, specifically increasing its presence in North America by the end of 2025.
Who invested in Echandia
5 investors across 2 rounds
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Questions about Echandia
Who invested in Echandia?
Echandia has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Echandia raised?
Echandia has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Echandia last raise money?
Echandia's most recent round on record is a Series A, in Jun 2025.
What does Echandia do?
Echandia Marine AB, founded in 2018 in Solna, Sweden, develops energy storage solutions for the maritime sector.
Where is Echandia headquartered?
Echandia is headquartered in Bromma, Sweden.
Which VCs invest in companies like Echandia?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back energy storage & batteries companies at Echandia's stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Series A
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