Wallbox Announces $10 Million Investment
Wallbox (NYSE: WBX), a global leader in EV charging and energy management solutions, has secured a $10 million investment through a private placement of 26,707,142 Class A ordinary shares. The investment comes from key stakeholders including Iberdrola's subsidiary (Inversiones Financieras Perseo), Orilla Asset Management, CEO and Co-Founder Enric Asunción, and other existing shareholders.
The funding aims to strengthen Wallbox's balance sheet, support global sales of its EV chargers, and advance the company's journey toward profitability. The private placement closed on February 21, 2025, with more details to be shared during Wallbox's Fourth Quarter and Full Year 2024 earnings call on February 26.
Wallbox (NYSE: WBX), un leader globale nelle soluzioni di ricarica per veicoli elettrici e gestione dell'energia, ha ottenuto un investimento di 10 milioni di dollari tramite un collocamento privato di 26.707.142 azioni ordinarie di Classe A. L'investimento proviene da importanti azionisti, tra cui la sussidiaria di Iberdrola (Inversiones Financieras Perseo), Orilla Asset Management, il CEO e co-fondatore Enric Asunción e altri azionisti esistenti.
Il finanziamento mira a rafforzare il bilancio di Wallbox, supportare le vendite globali dei suoi caricabatterie per veicoli elettrici e progredire nel percorso dell'azienda verso la redditività. Il collocamento privato si è chiuso il 21 febbraio 2025, con ulteriori dettagli che saranno condivisi durante la chiamata sugli utili del quarto trimestre e dell'intero anno 2024 di Wallbox, prevista per il 26 febbraio.
Wallbox (NYSE: WBX), un líder global en soluciones de carga de vehículos eléctricos y gestión de energía, ha asegurado una inversión de 10 millones de dólares a través de una colocación privada de 26,707,142 acciones ordinarias de Clase A. La inversión proviene de importantes accionistas, incluidos la subsidiaria de Iberdrola (Inversiones Financieras Perseo), Orilla Asset Management, el CEO y cofundador Enric Asunción, y otros accionistas existentes.
La financiación tiene como objetivo fortalecer el balance de Wallbox, apoyar las ventas globales de sus cargadores de vehículos eléctricos y avanzar en el camino de la empresa hacia la rentabilidad. La colocación privada se cerró el 21 de febrero de 2025, con más detalles que se compartirán durante la llamada de ganancias del cuarto trimestre y del año completo de 2024 de Wallbox, programada para el 26 de febrero.
월박스 (NYSE: WBX), 전 세계 전기차 충전 및 에너지 관리 솔루션의 선두주자는 1천만 달러 투자를 26,707,142주 클래스 A 보통주를 통해 확보했습니다. 이 투자는 이베르드롤라의 자회사인 (Inversiones Financieras Perseo), 오릴라 자산 관리, CEO이자 공동 창립자인 엔리크 아순시온, 그리고 다른 기존 주주들이 포함된 주요 이해관계자들로부터 나왔습니다.
이번 자금 조달은 월박스의 재무 상태를 강화하고, 전 세계 전기차 충전기 판매를 지원하며, 회사의 수익성 향상을 위한 여정을 진전시키는 것을 목표로 하고 있습니다. 사모 배치는 2025년 2월 21일에 종료되었으며, 2024년 4분기 및 전체 연도 실적 발표는 2월 26일에 진행될 예정입니다.
Wallbox (NYSE: WBX), un leader mondial dans les solutions de recharge pour véhicules électriques et de gestion de l'énergie, a sécurisé un investissement de 10 millions de dollars grâce à un placement privé de 26 707 142 actions ordinaires de Classe A. L'investissement provient de parties prenantes clés, y compris la filiale d'Iberdrola (Inversiones Financieras Perseo), Orilla Asset Management, le PDG et co-fondateur Enric Asunción, ainsi que d'autres actionnaires existants.
Ce financement vise à renforcer le bilan de Wallbox, à soutenir les ventes mondiales de ses chargeurs de véhicules électriques et à faire progresser le parcours de l'entreprise vers la rentabilité. Le placement privé a été clôturé le 21 février 2025, avec plus de détails à partager lors de l'appel sur les résultats du quatrième trimestre et de l'année entière 2024 de Wallbox, prévu le 26 février.
Wallbox (NYSE: WBX), ein globaler Marktführer im Bereich der EV-Ladung und Energiemanagementlösungen, hat eine Investition von 10 Millionen Dollar durch eine Privatplatzierung von 26.707.142 Stammaktien der Klasse A gesichert. Die Investition stammt von wichtigen Stakeholdern, darunter die Tochtergesellschaft von Iberdrola (Inversiones Financieras Perseo), Orilla Asset Management, CEO und Mitbegründer Enric Asunción sowie anderen bestehenden Aktionären.
Die Finanzierung zielt darauf ab, die Bilanz von Wallbox zu stärken, den globalen Verkauf seiner EV-Ladegeräte zu unterstützen und den Weg des Unternehmens zur Rentabilität voranzutreiben. Die Privatplatzierung wurde am 21. Februar 2025 abgeschlossen, weitere Details werden während der Telefonkonferenz zu den Ergebnissen des vierten Quartals und des gesamten Jahres 2024 von Wallbox am 26. Februar bekannt gegeben.
- Secured $10 million in new capital strengthening balance sheet
- Strong vote of confidence from existing investors including CEO and major stakeholders
- Investment supports global expansion and path to profitability
- Dilution of existing shareholders through issuance of 26.7M new shares
- Need for additional capital suggests possible cash flow concerns
Insights
The $10 million private placement announced by Wallbox reveals several critical insights about the company's current position and future trajectory. The deal structure, pricing at approximately $0.37 per share (based on 26.7M shares), represents a roughly 27% discount to the current market price, suggesting urgency in securing this capital.
The participation of strategic investor Iberdrola, one of Europe's largest utilities, carries particular significance beyond the monetary value. Their continued support provides Wallbox with a powerful distribution partner and validates the company's technology in a highly competitive EV charging market. The CEO's personal investment alongside other existing shareholders demonstrates internal confidence, though the relatively modest size of the raise indicates this is likely a bridge financing rather than a major growth capital injection.
The timing of this announcement, just days before the Q4 2024 earnings release, warrants attention. Companies typically arrange such financings when they have visibility into near-term performance and capital needs. The emphasis on 'journey to profitability' in management's statements suggests this capital will primarily support operational sustainability rather than aggressive expansion.
From a market perspective, this financing reflects the challenging environment for EV charging companies, where despite strong long-term growth prospects, many players are struggling to achieve profitable scale. The willingness of existing shareholders to invest at a significant discount indicates they see substantial upside from current levels, but also hints at outside investor interest in the current market environment.
Investors include Iberdrola, Orilla Asset Management, Enric Asunción, CEO and Co-Founder, and other existing Wallbox shareholders
This investment strengthens Wallbox’s balance sheet and provides the necessary capital to support the worldwide sales of its award-winning EV chargers. In addition to Iberdrola, Orilla Asset Management, S.L., and Enric Asunción, several long-standing shareholders also participated in the round, further demonstrating their commitment to Wallbox’s long-term goals.
“This investment reinforces our mission to make EV charging more accessible worldwide while driving operational efficiency and financial sustainability,” said Enric Asuncion, CEO and co-founder of Wallbox. “Our shareholders’ continued support reflects their confidence in our long-term vision and strategic direction. As we expand our global presence, this funding will help us on our journey to profitability and solidifies our leadership in the EV charging industry.”
“We believe this investment will strengthen Wallbox's cash position to execute the company’s business plan, reinforcing its commitment to accelerate the global shift toward clean energy and sustainable mobility”, said David Mesonero, Global Head of Corporate Development, Strategic Partnerships and M&A of Iberdrola. “By supporting Wallbox’s growth, we remain committed to advancing electrification solutions worldwide.”
More details will be shared during Wallbox’s Fourth Quarter and Full Year 2024 earnings call on February 26 at 8:00 AM ET (2:00 PM CET). Please visit this link, which is also accessible on the ‘Events & Presentations’ section of the Company’s investor relations website, investors.wallbox.com, to register for and join the webcast and access the accompanying presentation materials.
The private placement of its Class A ordinary shares pursuant to which Wallbox will sell 26,707,142 Class A ordinary shares for aggregate proceeds of approximately
About Wallbox Chargers
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in
For more information visit www.wallbox.com.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the investment, Wallbox’s financial position and future goals regarding profitability, financial position, EV adoption and Wallbox’s market expansion. The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; executive orders and regulatory changes under the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250224584607/en/
Wallbox PR Contact:
Albert Cabanes
press@wallbox.com
Wallbox IR Contact:
Michael Wilhelm
investors@wallbox.com
Source: Wallbox
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