After €41.72M, Spain’s Wallbox charges up with €9.5M to accelerate profitability

On Monday, Barcelona-based Wallbox, a smart electric vehicle charging and energy management provider, announced that it has secured $10M (approximately €9.5M) in a funding round.

The investors who backed the company include Inversiones Financieras Perseo, S.L. (Iberdrola’s subsidiary), Orilla Asset Management, and Enric Asunción, CEO and Co-Founder.

Additionally, several long-standing shareholders also participated in the round.

The investment was made through a private placement of 26,707,142 Class A ordinary shares, raising approximately $10M from existing investors.

The private placement closed on February 21, 2025.

“This investment reinforces our mission to make EV charging more accessible worldwide while driving operational efficiency and financial sustainability,” says Enric Asuncion, CEO and co-founder of Wallbox. “Our shareholders’ continued support reflects their confidence in our long-term vision and strategic direction. As we expand our global presence, this funding will help us on our journey to profitability and solidify our leadership in the EV charging industry.”

The announcement comes six months after raising €41.72M in funding in 2024.

Brief about Wallbox

Founded in 2015 by Enric Asunción and Eduard Castañeda, Wallbox is a global technology company focused on transforming energy use.

The company develops advanced electric vehicle charging and energy management systems that enhance user control over consumption, reduce costs, and promote sustainability.

Offering a complete range of solutions for residential, semi-public, and public use, Wallbox operates in over 100 countries and has offices across Europe, Asia, and the Americas.

“We believe this investment will strengthen Wallbox’s cash position to execute the company’s business plan, reinforcing its commitment to accelerate the global shift toward clean energy and sustainable mobility”, says David Mesonero, Global Head of Corporate Development, Strategic Partnerships, and M&A of Iberdrola. “By supporting Wallbox’s growth, we remain committed to advancing electrification solutions worldwide.”