Echandia

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.

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

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

• Maritime battery systems
• Marine energy storage
• LTO battery chemistry
• Ship propulsion batteries
• Vessel electrification

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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

Core 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

Named customers9 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Incat TasmaniacoreStrategic or Co-development Partner · 17 June 2026Australian 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 ShipyardminorImplementation/ SI/ Consulting Partner · 28 October 2025Chinese shipyard constructing vessels for Spliethoff Group where Echandia battery systems will be installed. Partner for newbuild cargo vessel installations.
• Damen ShipyardscoreStrategic or Co-development PartnerStrategic 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

Direct 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

• LinkedInlinkedin.com/company/echandiamarine

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Echandia