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A Portion Backed by the Spanish Public Sector via SETT

BARCELONA, Spain--(BUSINESS WIRE)-- Wallbox (NYSE: WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced two recent private placements of the Company鈥檚 Class A ordinary shares for an aggregate of $15 million. The first is an investment of more than $9 million from the Government of Spain through the Spanish Society for Technological Transformation (SETT), which joins Wallbox鈥檚 shareholder base as part of the Company鈥檚 financing round from February 2025. Additionally, existing investors including Inversiones Financieras Perseo, S.L. (a subsidiary of Iberdrola), Orilla Asset Management, S.L., Wallbox CEO and Cofounder Enric Asunci贸n, and others contributed more than $5 million through a second investment, reaffirming their continued support for Wallbox鈥檚 growth and technological leadership.

The Spanish Society for Technological Transformation (SETT), a state-owned enterprise under the Ministry for Digital Transformati贸n and Public Administration, is a public entity dedicated to financing and promoting advanced and transformative technologies. With this investment, SETT supports Wallbox鈥檚 leadership as a technological frontrunner in the energy transition.

This investment by SETT is made through the Next Tech initiative, which aims to encourage private investment and improve access to financing in strategic sectors of the Spanish economy through disruptive technologies. Next Tech is part of the Recovery, Transformation, and Resilience Plan and is one of the key instruments managed by SETT. In addition, SETT oversees two other financial tools designed to strengthen Spain鈥檚 technological business ecosystem: PERTE Chip, focused on microelectronics and semiconductors, and the Spain Audiovisual Hub, which supports the digitalization and growth of the audiovisual sector.

These investments strengthen Wallbox鈥檚 balance sheet and provide the resources to accelerate the global adoption of its EV charging solutions, advance the digitalization of its solutions, and drive the development of cutting-edge technologies for smarter, more efficient energy management.

鈥淭he SETT鈥檚 support reflects its confidence in our long-term vision and underscores Spain鈥檚 strategic role in the global energy transition,鈥� said Enric Asunci贸n, CEO and co-founder of Wallbox. 鈥淭his investment, along with the continued support from our existing shareholders, strengthens our commitment to developing advanced EV charging and energy management solutions while driving long-term growth.鈥�

Supported by public-sector backing and renewed commitment from strategic investors, Wallbox continues to advance its long-term strategy and growth plans. These funding rounds underscore a shared commitment from both the public and private sector to accelerate the transition toward a more sustainable, efficient, and digital mobility.

The investment by the Government of Spain through SETT is part of Wallbox鈥檚 February 2025 financing round and is expected to close on June 13, 2025. The second transaction, backed by existing investors, was successfully completed on June 2, 2025.

About Wallbox

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 Barcelona, where the company鈥檚 headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit .

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 鈥淪ecurities Act鈥�) and Section 21E of the Securities Exchange Act of 1934, as amended (the 鈥淓xchange Act鈥�). 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 expected closing of the private placement with SETT, the expected benefits from the private placement investments, market adoption of digital mobility and EV charging solutions, Wallbox鈥檚 future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渃an,鈥� 鈥渃ontinue,鈥� 鈥渃ould,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇ocus,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渓ikely,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥減lan,鈥� 鈥減ossible,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥渟hould,鈥� 鈥溾�漷arget,鈥� will,鈥� 鈥渨ould鈥� 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鈥檚 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; political and economic uncertainty and macroeconomic factors, such as impacts from tariffs and trade barriers, consumer spending, inflation and foreign exchange rates; Wallbox鈥檚 ability to successfully manage its growth; the accuracy of Wallbox鈥檚 forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox鈥檚 supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox鈥檚 reliance on the third-parties outside of its control; risks related to Wallbox鈥檚 technology, intellectual property and infrastructure; executive orders and regulatory changes under the U.S. political administration and uncertainty therefrom, as well as the other important factors discussed under the caption 鈥淩isk Factors鈥� in Wallbox鈥檚 Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the 鈥淪EC鈥�), accessible on the SEC鈥檚 website at and the Investors Relations section of Wallbox鈥檚 website at investors.wallbox.com. Any such forward-looking statements represent management鈥檚 estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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Wallbox PR Contact: Albert Cabanes [email protected]

Source: Wallbox