Klima led a €19.6m financing round in Echandia.

Klima, a late-stage venture fund owned by Alantra, supporting energy-tech companies in their early growth phase, led a €19.6m financing round in Echandia, a Swedish supplier of maritime battery systems, with participation from Industrifonden, SEB Greentech VC and EEI. The capital raised will support Echandia’s global expansion and enhance its production capabilities in Sweden and the US. As part of this growth, the company is establishing a new production facility in Washington State, where it will manufacture its advanced maritime battery systems.