During her visit, the Minister had a first-hand look at Wallbox’s new fast public charger – the Supernova, was given a tour of one of the factories where these chargers are manufactured and learned about the company’s expansion plans for the next two years.
Barcelona, 19 October 2020. Wallbox, the leading energy management company and manufacturer of smart charging solutions for electric vehicles, received a visit from Spain’s Minister of Industry, Trade and Tourism, María Reyes Maroto, at their headquarters in Sant Andreu de la Barca, Barcelona.
During her visit, the Minister was interested in the production lines of Wallbox’s residential and semi-public chargers that are currently distributed in the European market, and that will soon be distributed in the North American market from November 2020.
The Minister also visited one of Wallbox’s research and development (R&D) laboratories, where its team develops concepts, prototypes and new product tests. Wallbox develops its products using its own technology, a strength that has enabled the company to reach optimal development efficiency with more than two products launched per year since its first product launch back in 2016. Wallbox invests up to 50 percent of its budget in R&D and has a complete structure of laboratories, equipment and a production plant.
The highlight of the visit was the live demonstration of the Supernova prototype, Wallbox’s first fast public charger, which was announced 10 days ago. Compared with current market options, the Supernova charger is more technologically advanced and cost-effective, and will see Wallbox invest €5 million into its production over the next two years, with a new factory set up for this purpose. By 2021, Wallbox expects the Supernova charger to make up 30 percent of its turnover.
“We’re proud that the products we develop and export all over the world are receiving worldwide recognition for their technology and innovation. We want to become a European hub for accelerating electric mobility and renewable energy management in the coming years, which is why we’ll continue to invest more and more in research, development and production, strengthening our position as a leader in this sector.”Enric Asunción
Chief Executive Officer and co-founder of Wallbox
Lastly, Wallbox executives presented the Minister with the company’s growth plans for the next two years, which include the development of new public and private charging systems, as well as sustainable energy technologies. Wallbox plans for these projects to involve the expansion of production lines, opening of an R&D centre and creation of 600 new jobs over the next two years.
Wallbox is a leading energy management company and manufacturer of smart charging solutions for electric vehicles. Combining cutting-edge technology with exceptional design, Wallbox creates a smart ecosystem that improves how energy is managed, used and stored. Created in 2015 and based in Barcelona, Wallbox’s mission is to facilitate the move towards electric vehicles today for a more sustainable use of energy tomorrow. Envisioning a fossil fuel-free world, Wallbox technology enables people to create, use and share renewable energy in ways they never thought possible. Wallbox currently sells its chargers to more than 40 countries and has 250 staff in offices throughout Europe, Asia and America, as well as two factories. Wallbox currently has four types of chargers available, including Quasar, the first bidirectional charger for home use, which won a major award at the Consumer Electronics Show (CES), the world’s leading technology trade show. In the first half of 2020, Wallbox completed its series A investment round, closing with a total of €23 million.