Wallbox, a provider of electric vehicle (EV) charging and energy management solutions, has raised approximately $10 million in a funding round that included participation from Inversiones Financieras Perseo, S.L., a subsidiary of Iberdrola, Orilla Asset Management, and CEO and Co-Founder Enric Asunción. Several long-term shareholders also took part in the investment.
The company stated that the funding will strengthen its financial position and support its efforts to expand globally. “This investment will help us enhance EV charging accessibility while improving operational efficiency,” said Asunción. “It reflects our shareholders’ confidence in our long-term strategy and commitment to sustainable mobility.”
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Wallbox completed a private placement of 26,707,142 Class A ordinary shares on February 21, 2025. Additional details are expected to be provided during the company’s fourth-quarter and full-year 2024 earnings call on February 26.
“We believe this investment supports Wallbox’s ability to execute its business strategy,” said David Mesonero, Global Head of Corporate Development, Strategic Partnerships, and M&A at Iberdrola. “It aligns with efforts to advance clean energy and sustainable transportation.”
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Wallbox indicated that the funding will contribute to operational efficiency and the expansion of its EV charging solutions in response to increasing demand.