Wallbox’s bumper funding boosts Spain’s EV charging sector

Spain

9 min read

Jun 18, 2020

By Gareth Gardiner Jones

Wallbox’s generic EV charging systems are sold in 40 countries, including the US and China; attracting major backers like Seaya Ventures, Spanish utility Iberdrola and US VC Endeavor

When one thinks of the electric vehicle (EV) sector, Spain may not spring to mind immediately as a player, let alone a protagonist, but thanks to Barcelona-based Wallbox, this may soon be set to change.
With its two-phase €23m Series A funding round that wrapped up in May, Wallbox, a leader in EV charging, will further enlarge its already fast-expanding US and China operations. The news came soon after Wallbox announced a new €5m Barcelona-based plant to manufacture half a million chargers a year – welcome news as the Spanish economy is tipped for a major recession and a dearth of sta...

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Edited by John Gee

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