World : Barcelona-based Wallbox, E-Mobility Startup, Nabs €23 Million

Spanish e-vehicle charging startup Wallbox has announced the closing of a €12 million second tranche for its Series A investment, bringing the total Series A round to €23 million. The round was led by venture capital fund Seaya Ventures, with additional investment from Endeavor Catalyst and existing investors such as Iberdrola.

Wallbox, founded in 2015, is on a mission to change the way the world uses energy. Its smart charging systems use cutting-edge technology and manage the communication between car and charger via easy-to-use apps. Since its founding, it’s grown its team to 200+ people and has global domination in its sights. In 2019, Wallbox opened its Silicon Valley office to distribute its EV chargers to the US, Canada, and Mexico and began its expansion also into China.

Source : https://www.eu-startups.com/2020/05/barcelona-based-wallbox-e-mobility-startup-nabs-e23-million/

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