# Echandia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/echandia

- Industry: Energy Storage & Batteries
- Headquarters: Bromma, Sweden
- Website: www.echandia.se/
- Total disclosed funding: $32M
- Latest round: Series A (Jun 14, 2025)
- Investors on record: 5

## About

Echandia Marine AB is a Swedish company specializing in advanced energy storage solutions for the heavy-duty maritime sector, focusing on electrification through innovative battery systems.Echandia Marine AB, founded in 2018 in Solna, Sweden, develops energy storage solutions for the maritime sector. Their funding strategy supports growth, with a focus on enhancing production capabilities. They have conducted a total of 1 deal.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. The company markets its solutions across Europe, with a focus on key maritime regions such as Scandinavia, the Netherlands, and the United Kingdom.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. In June 2025, Echandia AB raised USD 34 million in venture funding from S2G Ventures, Alantra, Energy & Environment Investment, Industrifonden, and SEB Greentech. Other unspecified investors also participated in the round. The company plans to utilize the June 2025 funding to expansion of battery production infrastructure, regional market presence in US, and research and development system for marine vessel electrification.

## Funding rounds

- Series A, Jun 14, 2025, $11M — Alantra, Industrifonden, Energy & Environment Investment, S2G Ventures, SEB Greentech
- Series A, Mar 3, 2025, $21M — Alantra, Industrifonden, Energy & Environment Investment, SEB Greentech

## Investors

- Alantra (https://capitalatlas.ai/funds/alantra) — Series A
- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Series A
- Energy & Environment Investment (https://capitalatlas.ai/funds/energy-environment-investment) — Series A
- SEB Greentech (https://capitalatlas.ai/funds/seb-greentech) — Series A
- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Series A