Wallbox secures $45 million in fresh capital

Wallbox has received 45 million dollars in investments. The money will be used to ramp up production and increase sales, especially in the North American market.

The majority of the money, 35 million dollars, comes from Wallbox’s existing partner, Generac Power Systems. This is the latter’s second minority investment in Wallbox. Generac is “a leading global designer and manufacturer of energy technology solutions and other power products,” says Wallbox. Partnering with them “further enhances” Wallbox’s goal to accelerate its ability to manufacture and sell its chargers.

The company announced in May that it will launch the next generation of its Supernova DC fast charging station. The Supernova 220 will start in European markets and features a 220 kW output capacity. In February, Wallbox kicked off production of the UL-certified DC fast charging station Supernova 180, launching it on the North American market.

“We’re excited to announce this strategic investment in Wallbox, further strengthening our balance sheet, and positioning the company for long-term capital appreciation,” said Enric Asuncion, CEO and co-founder of Wallbox. “This investment is testament to our shareholders’ trust in the ongoing success of the company. As we continue to expand our commercial relationship with Generac, we are glad to see their ongoing commitment to continued collaboration and growth.”

“This additional investment and expanded relationship with Wallbox further accelerates our Powering A Smarter World enterprise strategy,” said Aaron Jagdfeld, President and CEO of Generac. “Our strategic alliance provides Generac and our distribution partners deeper access to Wallbox’s best in class technology and will enable deeper integration of Wallbox EV chargers into our residential and C&I energy ecosystem.”

businesswire.com