Spain’s Wallbox charges up with €41.7M investment
Summary
Barcelona-based Wallbox, a smart electric vehicle charging and energy management provider, announced that it has secured $45M (approximately €41.72M) in funding. Wallbox will sell 36,334,277 Class A ordinary shares in a private placement, raising $45M from certain existing investors. Enric Asuncion, CEO and co-founder of Wallbox, says, “We’re excited to announce this strategic investment in Wallbox, further strengthening our balance sheet, and positioning the company for long-term capital appreciation.” “This investment is a testament to our shareholders’ trust in the ongoing success of the company. The company develops advanced electric vehicle charging and energy management systems that enhance user control over consumption, reduce costs, and promote sustainability. Offering a complete range of solutions for residential, semi-public, and public use, Wallbox operates in over 100 countries and has offices across Europe, Asia, and the Americas.