● The investment, within the Recovery, Transformation and Resilience Plan, is committed to the development of innovative charging solutions that allow a more sustainable transport and promote the use of renewable energies
● The Ministry for Digital Transformation and Public Function participates in Wallbox through the Spanish Society for Technological Transformation (SETT)
The Ministry for Digital Transformation and Public Service has announced the investment of 8.355 million euros from the Government of Spain, through the Spanish Society for Technological Transformation (SETT), in the Spanish multinational Wallbox, specialized in the design, manufacture and marketing of smart chargers and energy management solutions.
This operation, which is part of the Recovery, Transformation and Resilience Plan, is another step for Spain and Europe to continue advancing sustainable mobility and green energies, since Wallbox develops interconnected charging solutions that allow efficient transport of zero emissions.
The company, of Spanish origin and founded in 2015, is listed on the New York Stock Exchange and still has its headquarters in Barcelona, although it has delegations in Europe, Asia and America, including factories in Spain, the United States and Germany. Its expansion is key to advancing Spanish and European strategic sovereignty in the field of sustainable mobility.
Wallbox offers electric charging and energy management systems for residential, semi-public and public use in more than 100 countries. In addition to hardware (chargers for homes and businesses; and quick chargers for highways and public roads), the company also markets programs that allow chargers to operate, give electric vehicle drivers access to public charging and enable energy management.
The company has developed a two-way charging technology, which makes it possible to supply energy in both directions, turning the electric vehicle into an energy storage system. This function would make it possible to have backup energy during blackouts, as well as to power the system in situations of high electricity demand, saving energy costs and helping to stabilize the electricity network.
In addition, Wallbox owns Electromaps, a leading digital platform and mobile application in Spain and southern Europe, which allows users to locate, access and pay for electric vehicle charging at public charging points, facilitating electromobility.
Thanks to its technology, which has sold more than one million chargers worldwide, nearly ten million tonnes of less carbon dioxide have been emitted. Europe is its main market, with Germany, Spain and France as the most outstanding countries, but also bills in the United States (20%) and Latin America.
Together with SETT, the company will expand its capital through a co-investment system that supports a public-private partnership model in strategic sectors such as advanced technologies.
This operation is carried out through the Next Tech fund, whose objective is to encourage private investment and improve access to financing in strategic Spanish sectors such as disruptive technologies. The implementation of Next Tech, foreseen in the Recovery, Transformation and Resilience Plan, is among the functions of SETT, which, in addition, manages two more financial instruments to enhance the technological business ecosystem: PERTE Chip, dedicated to microelectronics and semiconductors, and Spain Audiovisual Hub, which promotes the digitalization of the audiovisual sector.