• Swedish battery specialist Echandia has secured new long-term funding from U.S.-based S2G Investments, raising its latest round to SEK 325 million (USD 34 million).
• The capital will support scale-up of production, U.S. market growth, and R&D from its new Marysville, Washington facility.
• Echandia’s LTO battery systems serve ferries, RoRo/RoPax vessels, tugs, and offshore ships, with clients including Molslinjen and WETA San Francisco.
• Revenue quadrupled in 2024 and is set to triple again in 2025 amid rising demand for zero-emission marine tech.
• Echandia will supply batteries for the San Francisco Bay Ferry’s REEF programme, with deliveries starting in 2026.

Source: Echandia