Wallbox, a Barcelona, Spain-based maker of smart charging solutions for electric vehicles, raised €33m in funding.
The round was co-led by Cathay Innovation and Wind Ventures with participation from Iberdrola and Seaya Ventures.
The company intends to use the funds to open new offices globally, expand of manufacturing and R&D facilities and hire more than 400 new employees.
Led by Chief Executive Officer Enric Asunción, Wallbox designs, manufactures and distributes innovative charging systems to support the EV industry to make electric and plug-in hybrid cars.
The company has expansion plans for its public charging solutions following the acquisition of the public EV charging platform Electromaps and the launch of Supernova its first fast public charger, which delivers 65 kW of charging power and complements its existing residential and semi-public charging solutions. Wallbox offers four types of chargers, including Quasar, a small bidirectional charger for home use with advanced two-way charging technology.
The company currently sells to more than 50 countries and has 350 staff spread across offices in Europe, Asia, and America, as well as two factories of its own.