Echandia Secures SEK 325 Million Investment Round for Global Expansion
Deal News | Jun 27, 2025 | Setterwalls
Echandia Group AB, a provider of maritime battery systems, has successfully completed a SEK 325 million investment round, advised by Setterwalls. The round attracted significant interest from investors including Alantra/Klima, Industrifonden, S2G Investments, and SEB Greentech VC, all of whom are now shareholders. The funding will bolster Echandia's efforts to expand its global footprint and enhance its production capabilities in Sweden and the US. Echandia, which already counts over 90 systems delivered and on order for various electrification projects worldwide, underscores its commitment to advancing the maritime sector's sustainable energy solutions.
Sectors
- Renewable Energy
- Maritime Technology
- Investment
Geography
- Sweden – Sweden is the headquarters of Echandia Group AB and the location for part of their production expansion plans.
- United States – The funding will support Echandia's production capabilities and expansion in the United States.
Industry
- Renewable Energy – Echandia operates in the maritime battery systems sector, contributing to the renewable energy industry by providing electrification solutions.
- Maritime Technology – The target company's primary focus on maritime battery systems places it within the maritime technology sector, providing solutions for sustainable maritime transportation.
- Investment – The transaction involves investment activity with leading investors participating in the financing round for Echandia Group AB.
Financials
- SEK 325 million – The total amount raised by Echandia during the investment round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Echandia Group AB | Target | Company | A company specializing in maritime battery systems. |
| Alantra/Klima | Investor | Company | Among the leading investors in Echandia's latest funding round. |
| Industrifonden | Investor | Company | A significant investor in Echandia's funding round. |
| S2G Investments | Investor | Company | Participated as a new shareholder in Echandia's investment round. |
| SEB Greentech VC | Investor | Company | Joined as a new shareholder through the funding round. |
| Setterwalls | Legal Advisor | Company | Provided legal advisement to Echandia for the investment round. |