# Echandia: Maritime, Stockholm, Sweden

> Echandia: Echandia is a Swedish company based in Stockholm that specializes in developing zero-emission energy systems for heavy-duty applications...

Source: https://millionrounds.com/startup/echandia-2 (Millionrounds; every figure on the page links to its filing or article)

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

# Echandia

Echandia is a Swedish company based in Stockholm that specializes in developing zero-emission energy systems for heavy-duty applications, particularly in the maritime industry.

Funding reported Last round: Venture (Round not Specified)

Maritime Stockholm, Sweden

Company summary

- **Founded:** 2018 8 years old
- **Team:** 100 51 to 200 people
- **Funding reported:** 58.4M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Jun 2025

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Echandia has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Echandia

Echandia is a Swedish company based in Stockholm that specializes in developing zero-emission energy systems for heavy-duty applications, particularly in the maritime industry.

The company focuses on high-performance battery systems that are designed to perform well in demanding environments, emphasizing safety, durability, and lifecycle performance. Echandia's main offerings include large-scale lithium-titanate-oxide (LTO) battery systems, battery management systems, and related installation components. Their solutions support full electric propulsion, hybridization, and onboard electric support systems, making them suitable for harsh marine conditions. Additionally, Echandia provides fuel-cell solutions developed in collaboration with Redrock Power and extends its expertise to adjacent sectors such as rail and wind power. The company collaborates globally with shipyards, system integrators, and operators to deliver engineered electrification solutions for both new builds and retrofits of all-electric or hybrid-electric vessels. Echandia aims to contribute to the maritime transition toward lower emissions and supports the 2050 climate goals.

## What company datasets say Echandia raised

Funding, as reported

Reported in all **58.4M** in the source's currency

Last round **Venture (Round not Specified)**

Last round size **39.3M**

Last round date **Jun 2025**

## On a portfolio page

Investors who name them

- [Industrifonden](https://millionrounds.com/fund/industrifonden)

Each firm lists Echandia on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

electric ferries services energy storage systems battery management systems electric propulsion zero emission solutions batteries for heavy duty applications energy storage solutions battery safety maritime b2b fast electric ferries lto batteries

Built with from their website

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- **Sector:** Maritime
- **Industry code:** NAICS 335910, SIC 3691
- **Region:** Stockholm County

## Maritime in Sweden

Startups like it

- [**Candela** Stockholm · founded 2014](https://millionrounds.com/startup/candela-2)
- [**Qtagg** Västerås · founded 1997](https://millionrounds.com/startup/qtagg)
- [**Zparq AB** Stockholm · founded 2020](https://millionrounds.com/startup/zparq-ab)
- [**Bowter** Arvika · founded 2020](https://millionrounds.com/startup/bowter)
- [**Agapi Boat Club** Stockholm · founded 2006](https://millionrounds.com/startup/agapi-boat-club)
- [**Dolprop Industries AB** Spanga · founded 2009](https://millionrounds.com/startup/dolprop-industries-ab)
- [**TBS Group AB** Karlskrona · founded 2011](https://millionrounds.com/startup/tbs-group-ab)

## Is this your company?

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