Swedish maritime battery system supplier, Echandia, has announced new long-term financing from S2G Investments (S2G), to scale its production capacity.
The investment is part of Echandia’s most recent funding round which was announced in March 2025, and increases the total funding to SEK 325 million (approximately USD $34 million).
S2G is Echandia’s first US-based investor, which the company says aligns with its growing presence in North America, including its new production facility in Marysville, Washington.
The investment is intended to fund the scale-up of Echandia’s production capacity, accelerate its US market presence, and advance R&D initiatives, aimed at extending the performance and durability of its technology.
“This is a major milestone for Echandia and we are excited to accelerate our global expansion with S2G on board,” said Torbjörn Bäck, CEO of Echandia.
This is a major milestone for Echandia and we are excited to accelerate our global expansion with S2G on board.
Torbjörn Bäck
“S2G brings deep experience in maritime and energy system transitions, and we’re proud to have a mission-aligned partner supporting our growth.
“With North America serving as a critical growth region, we believe we’re well-positioned to help operators cut emissions and hedge against fuel price volatility, while enhancing vessel performance.”
Echandia’s advanced Lithium Titanate Oxide (LTO) battery systems are purpose-built for maritime operations, developed to provide safety, long lifespan, and low maintenance performance in heavy-duty environments.
Echandia’s revenue quadrupled in 2024 and is projected to triple again in 2025, driven by strong market demand and an expanding order pipeline and the company says its momentum in North America continues to grow.
S2G Investments is a multi-stage firm with a dedicated oceans strategy.
