Echandia raises 220 MSEK

(Stockholm, develops battery systems for ferries, navy vessels, and other maritime applications): Has raised 220 MSEK in a funding round from Alantra’s Klimat fund, Industrifonden with member Peter Wolpert, SEB Greentech VC, and Japan’s EEI. “Our revenues grew fourfold in 2024 compared to 2023, and with our current sales pipeline, we expect our revenues to triple in 2025,” comments Torbjörn Bäck, CEO of Echandia.