The investment community (ID: pedaily 2012) reported on May 20th that according to foreign media reports, the start-up company Wallbox has completed 12 million euros of financing, which is an extension of Series A financing, bringing the total amount of Series A financing to 23 million euros. This round of financing was led by venture capital fund Seaya Ventures, Endeavor Catalyst and existing investor Iberdrola.

　　According to public information, Eduard Casta?eda Ma?é and Enric Asunción founded Wallbox in 2015, and they served as CEO and CTO respectively. Wallbox is a manufacturer of plug-in electric vehicle charging equipment. Its intelligent charging system combines advanced technology with color design to change the way the world uses energy.

　　It is understood that the products of Wallbox are simple and easy to use, and consumers can use them without even reading the user manual. In addition, compared with the conventional plug, the charging process can be completed more quickly by using the charging product of Wallbox.

　　Through signing a joint venture agreement with China Changchun FAW Fusheng Group Co., Ltd., Wallbox contributed to the establishment of "Wallbox FAW Fusheng Charging Systems Co Ltd", which is located in Suzhou.

　　After the completion of financing, Wallbox will use the new round of financing funds to promote international expansion in China and North America. In addition, the company will continue to carry out technological innovation and product research and development.