# Echandia funding: rounds and investors

> Echandia has raised $31M across 1 round since 2025. Investors include Industrifonden and S2G Investments. Every round with its source.

Source: https://millionrounds.com/company/echandia (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Echandia*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$31M** raised across 1 round since 2025, from 1 source

- **Latest round:** Venture, $31M Mar 2025
- **Investors:** 2

See who backed them

## The rounds

- **Mar 2025** Venture **$31M** [Industrifonden](https://millionrounds.com/fund/industrifonden) [S2G Investments](https://millionrounds.com/fund/s2g-investments) Source recorded

## Everyone who backed them

[Industrifonden](https://millionrounds.com/fund/industrifonden) VC firm **1** round

[S2G Investments](https://millionrounds.com/fund/s2g-investments) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=echandia).

## Also claim to have backed them

These 2 firms list Echandia as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Course Corrected](https://millionrounds.com/fund/course-corrected) VC firm Per its own site

[Sustainable Energy Angels AB](https://millionrounds.com/fund/sustainable-energy-angels-ab) Angel network Per its own site

## Quick answers about Echandia

### Who invested in Echandia?

Echandia's investors include Industrifonden and S2G Investments.

### How much has Echandia raised?

Echandia has raised $31M across 1 round since 2025.

### When did Echandia last raise?

Echandia's most recent round was a Venture of $31M in Mar 2025.

### What was Echandia's biggest round?

Its most recent round, $31M in Mar 2025, is also its largest on record.

### Who backed Echandia first?

Echandia's first round on record, in Mar 2025, was backed by Industrifonden and S2G Investments.

### What stage is Echandia at?

Echandia's latest named round is a Venture, in Mar 2025.

### Where is Echandia based?

Echandia is based in Sweden.

## Companies like Echandia

In the same sector, and raised in the last eighteen months.

[**Elvy** $595M · Oct 2026](https://millionrounds.com/company/elvy)[**Rebaba** $4.6M · Sept 2026](https://millionrounds.com/company/rebaba)[**Tavion** $47M · Sept 2026](https://millionrounds.com/company/tavion)[**Rivus Batteries** $2.9M · Jul 2026](https://millionrounds.com/company/rivus-batteries)[**SeaTwirl** $17M · Sept 2025](https://millionrounds.com/company/seatwirl)[**Nrlyze** $1.0M · Aug 2025](https://millionrounds.com/company/nrlyze)

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