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Wallbox acquires Electromaps | Automotive Business Information
Wallbox has acquired the vast majority of the share capital of Electromaps.
Electromaps is a digital platform for accessing free and paid-for electrical charging factors in southern Europe.
The app gives its 100,000 customers entry and cost straight from their cell phone, unifying all the charging infrastructure.
In step with the corporate’s technique, Wallbox is at present coming into the US market and can quickly distribute chargers there.
“It is a strategically important acquisition,” stated Wallbox CEO, Enric Asunción. “By including public charging entry to our portfolio, we’re making speedy progress in the direction of creating a whole ecosystem for electrical automotive charging in our present markets.
“Past having southern Europe’s main platform in public charging, Electromaps and its crew carry years of experience on this market phase. Their imaginative and prescient is totally aligned with Wallbox and our mission.
“Our purpose is to proceed investing within the technological growth of the platform and take it into extra markets, thus complementing our current residential and semi-public charging options.”
Electromaps has 120,000 recharging factors globally and have handed the 100,000 registered customers mark. Previously decade it has managed greater than 1m KwH in recharges.
“These figures present we’ve turn out to be each a necessary journey companion for EV customers and an ally of charging level operators, as is the case of the FEDA, a authorities firm that manages all the general public charging factors in Andorra by our platform,” added Electromaps CTO and co-founder, Jordi Rodríguez.
In the beginning of this 12 months, Wallbox accomplished the second tranche of its sequence A funding and secured EUR23m (US$27m) to develop globally, particularly in China and America.
Wallbox’s buyers embrace Iberdrola, Seaya Ventures and Endeavor Catalyst, amongst others.
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Authentic supply: https://wallbox.com/en_us/wallbox-acquires-electromaps