Wallbox has completed a €15M funding round, led by Iberdrola through its Perseo start-up programme. Climate change and sustainable mobility are growing concerns for consumers that are affecting their behaviour and consumption habits.
Wallbox is a Spanish company founded in 2015 that develops and manufactures chargers for electric vehicles. In addition to being compatible with all electric models on the market, thanks to the company's remote upgrades, its products can be used to charge vehicles not yet available on the market today.
Its business model is based on the sale of charging devices to both individuals and companies, which can be installed in any home or car park with mains power and can be adapted to any type of installation and power.
Through Perseus, a start-up programme that supports emerging companies developing key technologies to design the energy of the future, Iberdrola has materialised a financing round of 15M€ for Wallbox. The capital raised will enable the company to continue the development of its ambitious product roadmap and accelerate the company's growth.
With the development of electric vehicles, a network of chargers is necessary and essential. This revolution in the automotive industry towards electrification has been reflected in recent corporate transactions in the sector.
Fastned is a Dutch operator specialised in the installation and design of fast charging stations for electric vehicles.which already has more than 60 stations in the Netherlands, Belgium and Germany.
It has recently succeeded in raising a round of funding of 3.5M€ to expand its network of fast chargers in the countries where it already has a presence and also throughout the world. Europe.
Zenobe is the largest independent battery storage owner and operator in the UK. They provide flexible energy solutions for utilities, electric vehicle manufacturers and companies.
With a total of 120M€ raised in its latest capital raising, Zenobe is uniquely positioned to meet the demands of its customers across Europe and to continue to innovate its products.
Recently acquired by Honda, the German company specialist in renewable energy and smart technology systems. It mainly develops innovative products that offer disruptive solutions to battery charging problems. Among these is a project for streetlights that, in addition to providing light, function as charging points for electric vehicles.
In its last round, Ubitricity managed to lift 20M€ in order to continue its expansion plan, refining and developing its innovative streetlight project. It has recently landed in Spain in order to test this disruptive product in Gran Canaria.