Tech Company Financing Transactions
Echandia Funding Round
Echandia closed a $21.5 million investment round on 3/3/2025. Investors included Industrifonden, Klima and Energy & Environment Investment.
Transaction Overview
Company Name
Announced On
3/3/2025
Transaction Type
Venture Equity
Amount
$21,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds for global expansion and production capabilities in Sweden and US. Expansion investments in the US market include the recently announced new production facility in Washington State where Echandia will produce its advanced maritime battery system.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Johannesfredsvägen 15
Bromma, 16869
Sweden
Bromma, 16869
Sweden
Phone
Website
Email Address
Overview
We stand on the brink of a transformation. The electrification we've seen in vehicles is coming to heavy-duty transportation and large-scale applications. Right now, everything from commercial maritime vessels to heavy trucks, and construction machinery is moving from fossil fuel dependency to electric power.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Torbjörn Bäck
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