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September 11, 2020

Wallbox acquires Electromaps

Wallbox has acquired the majority of the share capital of Electromaps.

By Rhodri Morgan

Wallbox has acquired the majority of the share capital of Electromaps .

Electromaps is a 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.

In line with the company’s strategy, Wallbox is currently entering the US market and will soon distribute chargers there.

“This is a strategically significant acquisition,” said Wallbox CEO, Enric Asunción. “By adding public charging access to our portfolio, we are making rapid progress towards creating a complete ecosystem for electric car charging in our current markets.

“Beyond having southern Europe’s leading platform in public charging, Electromaps and its team bring years of expertise in this market segment. Their vision is fully aligned with Wallbox and our mission.

“Our goal is to continue investing in the technological development of the platform and take it into more markets, thus complementing our existing residential and semi-public charging solutions.”

Electromaps has 120,000 recharging points globally and have passed the 100,000 registered users mark. In the past decade it has managed more than 1m KwH in recharges.

“These figures show we have become both an essential travel companion for EV users and an ally of charging point operators, as is the case of the FEDA, a government company that manages all the public charging points in Andorra through our platform,” added Electromaps CTO and co-founder, Jordi Rodríguez.

At the start of this year, Wallbox completed the second tranche of its series A investment and secured EUR23m (US$27m) to expand globally, specifically in China and America.

Wallbox’s investors include Iberdrola, Seaya Ventures and Endeavor Catalyst, among others.

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