Wallbox has received a $45 million investment aimed at ramping up production and increasing sales, particularly in the North American market.
The majority of the investment, $35 million, comes from Wallbox’s existing partner, Generac Power Systems. This marks Generac’s second minority investment in Wallbox. Generac, a global designer and manufacturer of energy technology solutions and power products, enhances Wallbox’s capability to manufacture and sell its chargers.
The company announced in May the launch of the next generation of its Supernova DC fast charging station, the Supernova 220, which will debut in European markets with a 220 kW output capacity. In February, Wallbox began production of the UL-certified Supernova 180 DC fast charging station for the North American market.
“We’re excited to announce this strategic investment in Wallbox, further strengthening our balance sheet, and positioning the company for long-term capital appreciation,” said Enric Asuncion, CEO and co-founder of Wallbox. “This investment is testament to our shareholders’ trust in the ongoing success of the company. As we continue to expand our commercial relationship with Generac, we are glad to see their ongoing commitment to continued collaboration and growth.”
“This additional investment and expanded relationship with Wallbox further accelerates our Powering A Smarter World enterprise strategy,” said Aaron Jagdfeld, President and CEO of Generac. “Our strategic alliance provides Generac and our distribution partners deeper access to Wallbox’s best-in-class technology and will enable deeper integration of Wallbox EV chargers into our residential and C&I energy ecosystem.”
