Wallbox, a Barcelona-based provider of smart electric vehicle charging and energy management solutions, has raised $10 million (€9.5 million) through a private placement of 26,707,142 Class A ordinary shares. The funding round saw participation from Inversiones Financieras Perseo, S.L. (a subsidiary of Iberdrola), Orilla Asset Management, and company CEO and co-founder Enric Asunción, along with several existing shareholders. This development follows a previous fundraising effort in 2024 when the company secured €41.72 million, reflecting continued investor interest in Wallbox’s growth and strategic vision.
Wallbox has previously attracted significant investments to support its expansion in the EV charging and energy management sector. Its earlier funding rounds have enabled the company to establish a presence in over 100 countries and develop innovative charging solutions for residential, semi-public, and public use. The latest investment reinforces the company’s efforts to enhance its financial sustainability while broadening its global market reach.
How Will This Funding Support Wallbox’s Growth?
The newly raised capital will contribute to Wallbox’s ongoing expansion efforts, operational improvements, and long-term profitability initiatives. According to CEO Enric Asunción, the investment will aid the company’s mission to make EV charging more accessible while ensuring sustainable financial performance.
“This investment reinforces our mission to make EV charging more accessible worldwide while driving operational efficiency and financial sustainability,” said Enric Asunción, CEO and co-founder of Wallbox. “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 solidify our leadership in the EV charging industry.”
What Role Do Investors Play in Wallbox’s Strategy?
Investors such as Iberdrola’s subsidiary Inversiones Financieras Perseo, Orilla Asset Management, and existing shareholders remain integral to Wallbox’s objectives. Their continued financial support highlights their confidence in the company’s ability to drive the adoption of clean energy solutions and advance EV infrastructure globally.
“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,” said 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.”
Founded in 2015 by Enric Asunción and Eduard Castañeda, Wallbox focuses on energy management technologies, offering charging solutions that optimize energy consumption while reducing costs. The company has expanded its presence across Europe, Asia, and the Americas, tapping into the growing demand for EV infrastructure amid increasing adoption of electric vehicles worldwide. The latest funding further strengthens its position in a competitive market where advancements in charging technology continue to evolve.
Wallbox’s ability to secure funds consistently underscores the market’s confidence in its long-term plans. While challenges such as regulatory changes and evolving consumer preferences remain, strategic investments enable the company to refine its product offerings and maintain its competitive standing. The broader EV charging industry is witnessing increased competition, with several players investing in faster and more efficient charging solutions. Wallbox’s latest funding round positions it to enhance its technological capabilities and expand its global influence in the sector.
