Echandia
Echandia AB is a Swedish maritime battery systems company that designs LTO-based energy storage platforms (Ultra, Core, Robust) for ferries, naval frigates, tugs, and commercial vessels, selling capital-equipment systems and lifecycle services to shipowners, operators, shipyards, and defense customers globally.
- Company typePrivate
- Founded2018
- HeadquartersStockholm, Sweden
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Echandia does
Echandia AB is a privately held Swedish maritime battery systems company, founded in 2018 and headquartered in Bromma, Sweden, that designs and manufactures LTO (Lithium Titanate Oxide) battery energy storage systems for demanding maritime applications. Its product portfolio comprises three core battery platforms — Echandia Ultra (maximum performance and cycle life for high-frequency ferry operations), Echandia Core (balanced performance, lifetime, and cost up to 1,500 V), and Echandia Robust (maximum safety for high-impact environments) — supported by a Battery Management System, lifecycle Service & Support, and an online Echandia Design Tool for early-stage vessel specification. The company's technical differentiation centers on LTO chemistry engineered for 30,000+ cycles over 15+ years without mid-life battery replacement, ultra-fast charging, and multi-mode operation (fully electric, hybrid, or generator), addressing reliability and total-cost-of-ownership pain points for high-duty-cycle operators.
Echandia generates revenue primarily through capital-equipment sales of battery systems for vessel newbuilds and retrofits, priced quote-based on capacity (MWh), chemistry, performance, and integration requirements, with a complementary service and support stream across the product lifecycle. It operates a B2B go-to-market combining direct enterprise sales to shipowners, operators, and defense customers with channel partnerships through shipyards (Wuhu Shipyard in China), vessel manufacturers (Damen, Incat Tasmania), and technology integrations with maritime OEMs (ABB, Wärtsilä, Kongsberg). The customer base is enterprise/government and spans ferries and RoRo (its primary segment), defense and naval frigates, tugs and workboats, cruise ships, container ships and tankers, offshore vessels, and icebreakers — with named customers including Damen (Copenhagen ferries since 2020), SAMSØLINJEN, NATO naval frigates, Ærøfærgerne (Ellen), Spliethoff Group, Incat Tasmania, San Francisco Bay Ferry, Gotlandsbolaget, and Deendayal Port Authority in India.
The company is venture-backed, having closed a ~$30.9 million growth round in March 2025 led by Alantra and Industrifonden with S2G Investments, SEB Greentech VC, Energy & Environment Investment, and Course Corrected. It operates from Sweden (global HQ) and Marysville, Washington (North America HQ and manufacturing, established 2024–2025), and serves customers across Europe, North America, Australia, India, and China. Headcount is in the 51–100 range, and leadership comprises CEO Fredrik Hellström, CCO Göran Fransson, COO Robert Fedor, and CSO Magnus Eriksson.
Echandia firmographics
Firmographics- Name
- Echandia
- Legal name
- Echandia AB
- Website
- https://echandia.se
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Echandia AB is a Swedish maritime battery systems company that designs LTO-based energy storage platforms (Ultra, Core, Robust) for ferries, naval frigates, tugs, and commercial vessels, selling capital-equipment systems and lifecycle services to shipowners, operators, shipyards, and defense customers globally.
- Ownership category
- akta.pro rank
Echandia industry classification
Industry- Product category
- Maritime Battery Energy Storage Systems
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Energy Storage Systems for Marine (Batteries, supercapacitors) (IMAJAHAJ)
- akta.pro secondary industry
- Shipboard Propulsion, Power Generation & Energy Storage (IMABAKAF)
Keywords
Where Echandia is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Echandia business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Maritime Battery System Sales: Echandia generates revenue through the sale of maritime battery energy storage systems including Echandia Ultra, Echandia Core, Echandia Robust, and Battery Management Systems. Systems are sold as capital equipment for new vessel builds and retrofits, with pricing based on capacity (MWh), performance specifications, and integration requirements.
- Service & Support: Echandia offers ongoing service and support for its battery systems, providing maintenance, technical advisory, and spare parts throughout the product lifecycle.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Echandia product offering
Product offeringCore offering
Echandia designs, manufactures, and supplies LTO-based maritime battery energy storage systems — Echandia Ultra, Echandia Core, and Echandia Robust — together with a Battery Management System, an online Echandia Design Tool, and lifecycle Service & Support. Systems are sold as capital equipment for newbuild vessels and retrofits across ferries, naval frigates, tugs, cargo ships, offshore, cruise, and icebreakers, with engineered 20+ year service life.
Product overview
Echandia offers a portfolio of maritime battery systems designed for demanding applications including ferries, offshore vessels, naval ships, tugs, workboats, cruise ships, icebreakers, and container ships. The product line consists of three core battery systems: Echandia Core (optimal balance of performance, lifetime, and cost, supporting up to 1,500 volts), Echandia Robust (maximum safety for high-impact environments), and Echandia Ultra (maximum performance with unmatched cycle life for demanding ferry operations). Supporting offerings include a Battery Management System for monitoring and optimization, Service & Support capabilities, and the Echandia Design Tool for system configuration during ship design.
Differentiator
Problem solved
Functional benefit
Brands
- Echandia Ultra: Battery energy storage system designed for maximum performance and unmatched cycle life, built for high-power marine applications with fast charging and reliability.
- Echandia Robust
- Echandia Core
- Echandia Design Tool
Products and services
- Echandia Ultra Battery energy storage system designed for maximum performance and unmatched cycle life, built for high-power marine applications with ultra-fast charging and decades of high-frequency operation with minimal degradation. Targeted at demanding ferry operations and high-cycle maritime duty profiles.
- Echandia Core Battery energy storage system designed to deliver an optimal balance between performance, lifetime, and cost. Supports up to 1,500 volts and is well suited for configurations requiring high efficiency and low losses across marine applications.
- Echandia Robust Battery energy storage system designed for maximum safety in high-impact operating environments, targeted at vessels and applications requiring robust safety performance under demanding conditions.
- Battery Management System Battery management system for monitoring, controlling, and optimizing maritime battery performance and safety, deployed alongside Echandia's marine battery energy storage systems.
- Service & Support Technical support, maintenance, and spare parts services for Echandia maritime battery systems throughout the product lifecycle, providing ongoing service and lifecycle support to enterprise customers.
- Echandia Design Tool Online configuration tool that helps define a ship's battery system power and energy requirements early in the vessel design process, simplifying complex battery system configuration for shipowners, naval architects, and operators.
Quantifiable outcome
- 30,000 cycles over 15 years without mid-life battery replacement
- +2 more outcomes
Companies that use Echandia
Customer profileNamed customers9 records
Segments7 records
Ideal customer profiles3 records
Echandia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Echandia partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Incat TasmaniacoreAustralian manufacturer of fast aluminum ferries contracted Echandia to deliver battery systems for a new 78-meter hybrid catamaran. One of world's leading producers of fast aluminum ferries.
- Wuhu ShipyardminorChinese shipyard constructing vessels for Spliethoff Group where Echandia battery systems will be installed. Partner for newbuild cargo vessel installations.
- Damen ShipyardscoreStrategic partnership with Damen Shipyards for battery system integration in ferry vessels. Echandia's battery systems power Damen's seven ferries in Copenhagen operating reliably since 2020.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Echandia competitors and assessment
Company assessmentDirect peers
- Corvus Energy: Norwegian-headquartered maritime battery systems manufacturer using primarily LFP chemistry; competes head-to-head with Echandia across ferries, offshore vessels, and naval applications. Largest dedicated player in the maritime battery space and the most direct competitor for vessel electrification contracts.
- EST-Floattech: Dutch battery system integrator focused on maritime and offshore vessels with both LFP and NMC offerings. Competes directly with Echandia in the European ferry and workboat market and has overlap in naval/defense applications.
- Shift Clean Energy: Canadian maritime energy storage company providing battery and hybrid powertrain solutions for ferries, tugs, and offshore vessels. Competes with Echandia in the global ferry and tugboat electrification space, including similar naval/government workboat segments.
Emerging players
- Lehmann Marine: German maritime battery specialist (COBRA system) focused on inland vessels, ferries, and short-sea shipping. Smaller scale than Echandia but overlaps in the European ferry and workboat electrification niche, particularly with LTO/LFP hybrid configurations.
- Spear Power Systems: US-based marine battery systems supplier focused on electric and hybrid vessels including ferries, tugs, and patrol boats. Direct competitor for North American maritime battery contracts, especially given Buy America preferences in government and ferry electrification programs.
- Forsee Power: French battery systems manufacturer serving heavy-duty mobility (buses, trucks, rail, marine) with both LTO and LFP chemistries. Marine segment is smaller than Echandia's but uses overlapping LTO technology and overlaps in European commercial vessel electrification.
Broad incumbents
- ABB Marine & Ports: Global maritime propulsion and electrical systems incumbent offering integrated hybrid/electric solutions including onboard energy storage. Echandia lists ABB as a 'trusted vendor' partner today, but ABB's broader portfolio and shipyard relationships make it a potential long-term competitor or partner depending on integration depth.
- Wärtsilä Energy Storage: Finnish maritime technology incumbent with hybrid marine solutions, energy storage, and integrated ship power systems. Competes indirectly with Echandia through full-vessel electrification packages and battery modules for hybrid propulsion across merchant, offshore, and naval vessels.
- Kongsberg Maritime: Norwegian maritime technology supplier with hybrid propulsion, energy management, and integrated vessel systems. Overlaps with Echandia in naval applications and large commercial vessels where Kongsberg offers full system integration around third-party batteries.
- Saft (TotalEnergies): Industrial battery manufacturer (TotalEnergies subsidiary) with maritime and defense energy storage offerings including lithium-ion systems. Competes with Echandia in naval applications and large commercial vessels where Saft's broad industrial battery portfolio and incumbency with defense primes are advantageous.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key highlights7 records
Customer concentration
Echandia social profiles
Digital presenceEchandia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Echandia leadership team
Management profileNumber of profiles
Profiles4 records
Echandia funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Echandia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Echandia
What does Echandia do?
Echandia designs, manufactures, and supplies LTO-based maritime battery energy storage systems — Echandia Ultra, Echandia Core, and Echandia Robust — together with a Battery Management System, an online Echandia Design Tool, and lifecycle Service & Support. Systems are sold as capital equipment for newbuild vessels and retrofits across ferries, naval frigates, tugs, cargo ships, offshore, cruise, and icebreakers, with engineered 20+ year service life.
Is Echandia a public or private company?
Echandia is a private company. It is classified as venture growth investor backed and is currently operating.
When was Echandia founded?
Echandia was founded in 2018. It employs 51 to 100 people.
Where is Echandia based?
Echandia is headquartered in Stockholm, Sweden, in the Europe region.
How does Echandia make money?
Two revenue lines are on record. Maritime Battery System Sales are the primary driver. The others are service & Support.
Who are Echandia's main competitors?
Direct peers on record are Corvus Energy, EST-Floattech and Shift Clean Energy. Emerging players are Lehmann Marine, Spear Power Systems and Forsee Power. Broad incumbents are ABB Marine & Ports, Wärtsilä Energy Storage, Kongsberg Maritime and Saft (TotalEnergies).
Does Echandia have an API?
No public API is recorded for Echandia.
What industry is Echandia in?
Echandia's product category is Maritime Battery Energy Storage Systems. Its primary akta.pro industry code is IMAJAHAJ, Energy Storage Systems for Marine (Batteries, supercapacitors), with a secondary code of IMABAKAF, Shipboard Propulsion, Power Generation & Energy Storage. Its NAICS code is 33591 and its SIC code is 3600.