Wallbox, a global leader in electric vehicle (EV) charging and energy management solutions, announced an investment of approximately ten million euros.
Investors include Inversiones Financieras Perseo, S.L. (Iberdrola’s subsidiary), Orilla Asset Management, and Enric Asunción, CEO and Co-Founde of Wallbox.
This investment strengthens Wallbox’s balance sheet and provides the necessary capital to support the worldwide sales of its award-winning EV chargers.
In addition to Iberdrola, Orilla Asset Management, S.L., and Enric Asunción, several long-standing shareholders also participated in the round, further demonstrating their commitment to Wallbox’s long-term goals.
“This investment reinforces our mission to make EV charging more accessible worldwide while driving operational efficiency and financial sustainability,” says Enric Asuncion.
“Our shareholders’ continued support reflects their confidence in our long-term vision and strategic direction. As we expand our global presence, this funding will help us on our journey to profitability and solidifies our leadership in the EV charging industry,” he adds.
“We believe this investment will strengthen Wallbox’s cash position to execute the company’s business plan, reinforcing its commitment to accelerate the global shift toward clean energy and sustainable mobility”, states David Mesonero, Global Head of Corporate Development, Strategic Partnerships and M&A of Iberdrola.
“By supporting Wallbox’s growth, we remain committed to advancing electrification solutions worldwide,” he adds.
More details will be shared during Wallbox’s Fourth Quarter and Full Year 2024 earnings call on February 26 at 8:00 AM ET (2:00 PM CET).
