Wallbox went public via a merger with Kensington Capital Acquisition II in a $1.5bn deal.

Wallbox, a provider of electric vehicle charging solutions,went public via a merger with Kensington Capital Acquisition II, a SPAC, in a $1.5bn deal. The transaction raised approximately $330m in proceeds through the business combination, including a $100m fully committed PIPE anchored by asset managers Janus Henderson Investors, Luxor Capital, Cathay Innovation and Kensington Capital Partners. "At Wallbox, we believe that ubiquitous access to affordable, efficient, and optimized EV charging is a critical part of the transition to electric vehicles. This transaction with Kensington will allow us to significantly increase our product development and manufacturing capacity as we expand sales globally to enhance the global transition to EVs," Enric Asunción, Wallbox Co-Founder and CEO.