Charging systems, Spanish player Wallbox gets private placement financing worth 15 million euros
According to the company, these investments strengthen Wallbox’s balance sheet and provide the resources to accelerate the global adoption of its EV charging solutions, advance the digitalization of its solutions, and drive the development of cutting-edge technologies for smarter, more efficient energy management.
Spanish charging system manufacturer Wallbox will soon obtain 15 million euros private placement financing to boost its activity. Wallbox participated in ACT Expo, last April in Anaheim. We had the opportunity to meet them and talk about business in the EV sector.
More into details, the financing is divided into two different shares. The first is an investment of more than $9 million from the Government of Spain through the Spanish Society for Technological Transformation (SETT), which joins Wallbox’s shareholder base as part of the company’s financing round from February 2025. Additionally, existing investors including Inversiones Financieras Perseo, S.L. (a subsidiary of Iberdrola), Orilla Asset Management, S.L., Wallbox CEO and Cofounder Enric Asunción, and others contributed more than $5 million through a second investment.
Spanish Wallbox now funded also by the Government
Indeed, the Spanish Society for Technological Transformation (SETT), a state-owned enterprise under the Ministry for Digital Transformatión and Public Administration, is a public entity dedicated to financing and promoting advanced and transformative technologies. With this investment, SETT supports Wallbox’s leadership as a technological frontrunner in the energy transition.
According to the company, these investments strengthen Wallbox’s balance sheet and provide the resources to accelerate the global adoption of its EV charging solutions, advance the digitalization of its solutions, and drive the development of cutting-edge technologies for smarter, more efficient energy management.
“The SETT’s support reflects its confidence in our long-term vision and underscores Spain’s strategic role in the global energy transition,” commented Enric Asunción, CEO and co-founder of Wallbox. “This investment, along with the continued support from our existing shareholders, strengthens our commitment to developing advanced EV charging and energy management solutions while driving long-term growth.”
