Wallbox has announced the acquisition of the majority of the share capital of Electromaps. Electromaps is the leading digital platform for accessing free and paid-for electric charging points in southern Europe. The app provides its 100,000 users access and payment directly from their mobile phone, unifying the entire charging infrastructure and improving the electric vehicle driving experience.
Through this acquisition, Wallbox takes its first step into the public electric charging space and continues to advance its purpose of facilitating the adoption and use of electric cars today while creating more sustainable uses of energy in the future. In line with the company’s strategy, Wallbox is currently entering the US market and will soon distribute chargers there. The acquisition of Electromaps will complement the service offering in this market.
At the beginning of this year, Wallbox completed the second tranche of its series A investment and secured €23 million to expand globally, specifically in China and America. Walbox will also make strategic investments, like Electromaps, to expand its portfolio of services. Wallbox’s investors include Iberdrola, Seaya Ventures and Endeavor Catalyst, among others.
This new acquisition allows Wallbox to take a step forward in promoting and facilitating the use of electric or plug-in hybrid vehicles and opens the door for consumers to take an active role not only in recharging their vehicle, but also in managing energy. It also provides consumers the information they need to recharge with autonomy.