Barcelona, 5 December 2019 – Wallbox today announced a €2 million investment by Seaya Ventures.
Enric Asunción, Co-Founder and CEO, Wallbox: “We’re excited to have Seaya Ventures on board. Their current investment in companies like Cabify or Movo shows their dedication to urban sustainability and therefore makes them an ideal Wallbox shareholder.” He explains further: “We’ve been in contact with Seaya Ventures since May and now sealed our cooperation based on shared beliefs in clean and renewable energy and sustainable mobility.”
Beatriz González, Founder and Managing Partner of Seaya says: “We are very happy to join forces with Wallbox on its journey to lead the transition to more sustainable mobility. This deal reinforces our commitment towards impact investment with clear examples in our portfolio such as Clarity, Movo, Cabify or Biome Makers.”
Wallbox keeps growing
Seaya Ventures joins Wallbox in a phase of rapid growth. In June Wallbox completed a €15 million funding round led by Spanish multinational electric utility Iberdrola. The capital injection enabled Wallbox to extend its global expansion, speed up its processes and invest in talent and technology. At the end of this year, Wallbox will launch the first bidirectional home charger. The charger named Quasar is the first of its kind to allow energy to flow both ways – in and out of an electric car. Quasar can be used to supply power from an electric car’s battery to the grid (V2G) or to a building (V2H).
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger.
Wallbox offers a complete portfolio of charging and energy management solutions for residential and semi-public use in more than 60 countries, and soon will begin commercializing public charging solutions as well.
Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 500 people in Europe, Asia, and the Americas.
About Seaya Ventures
Based in Madrid, Seaya Ventures has been backing the best entrepreneurs and teams from Spain and Latin America since 2013. Seaya focuses on supporting founders in scaling their businesses enabling them to become global leaders.