Echandia secures SEK 220 million in new financing round - scaling up operations to meet rapidly increasing demand [Yahoo! Finance]
ENAGAS SA UNSP/ADR (ENGGY)
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Source: Yahoo! Finance
The funding round was led by Alantra's energy transition fund Klima, headquartered in Spain , together with Swedish venture capital fund Industrifonden , with additional investments from Swedish SEB Greentech VC and Japanese venture capital firm EEI . The capital raised will be invested in Echandia's global expansion and production capabilities in Sweden and US. Expansion investments in the US market include the recently announced new production facility in Washington State where Echandia will produce its advanced maritime battery system. The new capital enables Echandia to scale up its operations faster and handle larger projects to meet increasing demand for its maritime battery solutions. Shipping contributes 3% of global CO2 emissions, m
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