International. Wallbox, a company that provides charging solutions for electric vehicles and energy management, announced an investment of 10 million dollars by Iberdrola, Orilla Asset Management and its CEO and co-founder, Enric Asunción, among other shareholders.
The capital injection will strengthen Wallbox's financial position and support its global expansion into the EV charging market. With this investment, the company seeks to consolidate its leadership and move towards profitability.
"This investment reaffirms our commitment to making electric vehicle charging more accessible worldwide, while optimizing our operational efficiency and financial sustainability," said Enric Asunción, CEO of Wallbox.
Iberdrola, through its subsidiary Inversiones Financieras Perseo, participated in the investment round along with other long-standing shareholders. "We are confident that this investment will strengthen Wallbox's ability to execute its business plan and accelerate the global transition to sustainable mobility," said David Mesonero, Iberdrola's Global Head of Corporate Development.
Wallbox will share more details about its financial performance and growth strategy during the fourth quarter and full year 2024 earnings call, scheduled for February 26.
The investment was made through a private placement of 26.7 million Class A common shares and closed on February 21.
