Cathay Innovation and WIND Ventures led a €33m Series B funding round in Wallbox.

Cathay Innovation, a global venture capital partnership, and WIND Ventures, the corporate venture capital arm of Copec, led a €33m Series B funding round in Wallbox, an energy management firm that manufactures smart charging solutions for electric vehicles. The round had participation from investors Iberdrola and Seaya Ventures. "Our award-winning technology and distinctive industrial design have been embraced by the marketplace, and this funding will allow us to scale our distribution of Wallbox products both globally and into new categories. It will also enable us to continue developing new technologies and break into new segments. This is a significant milestone in our mission to reduce the world’s dependence on fossil fuels," Enric Asunción, Wallbox CEO.