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BARCELONA - Wallbox (NYSE:WBX), a prominent provider of electric vehicle (EV) charging and energy management solutions, has secured $15 million through recent private placements. According to InvestingPro data, this funding comes at a crucial time as the company faces significant debt obligations, with a debt-to-equity ratio of 3.62x and negative EBITDA of $97.3 million in the last twelve months. The Spanish Society for Technological Transformation (SETT), backed by the Spanish government, contributed over $9 million as part of the company’s February 2025 financing round. In a subsequent investment, existing shareholders, including Inversiones Financieras Perseo, S.L., Orilla Asset Management, S.L., and Wallbox CEO Enric Asunción, infused an additional $5 million. While the company’s stock has faced challenges, declining 78% over the past year, analysts maintain optimistic projections, with earnings expected to turn positive in 2025. For deeper insights into Wallbox’s financial health and growth prospects, InvestingPro subscribers have access to 13 additional key insights and comprehensive analysis.
SETT’s investment is part of the Next Tech initiative, which is designed to boost private investment and enhance financing access in strategic Spanish economic sectors via disruptive technologies. This initiative falls under Spain’s broader Recovery, Transformation, and Resilience Plan, aiming to fortify the country’s technological business ecosystem.
The funding is intended to bolster Wallbox’s balance sheet and expedite the global adoption of its products, furthering the company’s commitment to advanced EV charging and smarter energy management technologies. Asunción expressed confidence that the investments reflect a belief in Spain’s strategic role in the global energy transition and Wallbox’s vision for long-term growth.
The investment by SETT is expected to close on June 13, 2025, while the additional funds from existing investors were secured on June 2, 2025.
Wallbox, founded in 2015 and headquartered in Barcelona, operates globally, offering a suite of charging and energy management solutions in over 100 countries. The company’s focus extends beyond EV charging, aiming to empower users to manage their energy consumption for economic and sustainable living. With revenue of $171.5 million in the last twelve months and a gross profit margin of 32.2%, the company shows potential despite current challenges. InvestingPro’s Fair Value analysis suggests the stock is currently undervalued, though investors should note the company’s weak overall financial health score of 1.56 out of 5.
The financial support from both the public and private sectors emphasizes a collective effort to advance sustainable and efficient digital mobility. This news is based on a press release statement.
In other recent news, Wallbox has reached a significant milestone by producing its 100,000th electric vehicle (EV) charger at its Arlington, Texas facility. This achievement comes just over two years after the plant began operations in late 2022. The Arlington facility manufactures the Pulsar family of chargers for the North American market and plays a crucial role in Wallbox’s strategy to reduce delivery times and strengthen local supply chains. Additionally, Wallbox has announced a partnership with Francis Energy to deploy fast charging stations across the United States. This collaboration will utilize Wallbox’s CTEP-certified Supernova fast chargers to meet the growing demand for high-performance charging solutions. Both companies will be participating in the upcoming ACT Expo in Southern California to showcase these chargers. Wallbox’s ongoing investment in U.S. infrastructure is part of its broader goal to support the electrification of transportation across the country. The partnership with Francis Energy aims to enhance the EV charging infrastructure in the U.S. as electric mobility continues to gain momentum.
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