Wallbox: EV Charging Company Raises $10 Million Investment

By Amit Chowdhry • Feb 26, 2025

Wallbox, a leader in electric vehicle (EV) charging and energy management solutions, announced an investment of approximately $10 million. Investors include Inversiones Financieras Perseo, S.L. (Iberdrola’s subsidiary), Orilla Asset Management, and Enric Asunción (CEO and Co-Founder).

This investment reinforces investor confidence in Wallbox’s strategic goals and strengthens its financial position as it continues expanding its global footprint in EV charging.

The investment also strengthens Wallbox’s balance sheet and provides the necessary capital to support the worldwide sales of its award-winning EV chargers. In addition to Iberdrola, Orilla Asset Management, S.L., and Enric Asunción, several long-standing shareholders participated in the round, demonstrating their commitment to Wallbox’s long-term goals.

KEY QUOTES:

“This investment reinforces our mission to make EV charging more accessible worldwide while driving operational efficiency and financial sustainability. 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 solidifies our leadership in the EV charging industry.”

– Enric Asuncion, CEO and co-founder of Wallbox

“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. By supporting Wallbox’s growth, we remain committed to advancing electrification solutions worldwide.”

– David Mesonero, Global Head of Corporate Development, Strategic Partnerships and M&A of Iberdrola