Echandia secures SEK 220 million in new financing round – scaling up operations to meet rapidly increasing demand - Echandia

Sweden-based Echandia has secured SEK 220 million in a new funding round to expand its maritime battery system operations globally. The funding was led by Alantra’s energy transition fund Klima, along with Industrifonden, SEB Greentech VC, and EEI. The capital will be used to enhance production capabilities in Sweden and the US, including a new facility in Washington State. Echandia aims to meet the growing demand for its battery solutions, which are crucial for reducing CO₂ emissions in the shipping industry.