The European company of recharging solutions for electric vehicles Wallbox has completed a round of capital increase for 15 million euros, led by Iberdrola along with two other co-investors and some of the current partners of the company.
According to Iberdrola, the operation strengthens the commercial alliance maintained by both companies and, in the case of energy, is part of its Sustainable Mobility Plan, which includes the deployment of 25,000 electric vehicle charging points in Spain until 2021, as well as in other international markets where it operates.
Iberdrola has materialized this investment through its start-ups program Perseo, with which it supports emerging companies that develop “key” technologies to design the energy of the future.
“The operation brings together two of our main strategies to continue leading the energy transition towards a decarbonised economy: innovation to identify and develop new technologies to improve the sustainability of the energy model, and our commitment to the electrification of transport, as a way against climate change, “said Iberdrola’s Smart Mobility head, Luis Buil.
For his part, the CEO of Wallbox, Enric Asunción, stressed that this capital increase allows the company to continue with the development of its “ambitious” product roadmap, as well as accelerate the growth of the company.
Iberdrola is developing a Sustainable Mobility Plan with which it plans to deploy 25,000 recharging points for electric vehicles in Spain until 2021, and which is aimed at households, businesses and urban and interurban areas with public access.
The plan includes the installation of fast, super-fast and ultra-fast charging stations (at least every 100 kilometers) on the main highways and corridors of the country during 2019.