Wallbox secures €2 million in investment made by Seaya Ventures.

Spain Investments 05 December 2019
Share on FacebookShare on Twitter

Wallbox, a Barcelona, Spain-based manufacturer of chargers for electric vehicles, announced a €2 million ($2.2M) investment round.

The money was provided by the venture company from Spain, Seaya Ventures.

Wallbox, founded in 2015 by CEO Enric Asunción and Eduard Castañeda, designs, develops and manufactures intelligent charging solutions for electric vehicles and plug-in hybrids for both domestic and business use. Its customers include major automobile manufacturers and large electricity utilities.

Wallbox has a Barcelona plant with a production capacity of 100,000 chargers per year. The development of the charging management platform, myWallbox and the after-sales and installation customer service area are based in Madrid. Wallbox currently has subsidiaries in Germany, United Kingdom, The Netherlands, France, United States (California) and China.

In June 2019 Wallbox completed a €15 million funding round led by Spanish multinational electric utility Iberdrola. The capital injection enabled Wallbox to extend its global expansion, speed up its processes and invest in talent and technology