Wallbox, a Spain-based producer of electric vehicle charging technology, received €33m ($39.8m) yesterday in a funding round co-led by Wind Ventures, a corporate venture capital arm of oil and gas producer Copec.
Private equity firm Cathay Innovation co-led the round with Wind Ventures, and it was also backed by electricity utility Iberdrola, Seaya Ventures and undisclosed others.
Founded in 2015, Wallbox provides private and public charging stations for electric and hybrid vehicles. In October 2020, it launched its first fast public electric vehicle charger, Supernova, which can produce 65 kW of power and which is now available in more than 40 countries.
The company will use the funding for strategic growth activities as it looks to open new international offices, expand its manufacturing and research and development facilities and hire more than 400 new employees.
Wallbox closed a $24.8m series A round in May 2020 that was led by Seaya Capital and backed by Iberdrola, which had led the first tranche in mid-2019, and Endeavor Catalyst.