Barcelona-based Wallbox, an energy management company that manufactures smart charging solutions for electric and plug-in hybrid vehicles, today announced the acquisition of Electromaps and the latter's platform for accessing free and paid-for electric charging points across southern Europe.
The terms of the deal were not disclosed.
Electromaps was founded (also in Barcelona) back in 2009 by Jordi Rodríguez, Xavier Cañadell and Rafael de Mestre and has grown up to become the leading public charging platform in Iberia, with more than 100,000 users and having registered more than 5,100 charging locations, while also boasting information on more than 13,500 outlets for electric vehicles.
Through its acquisition, Wallbox takes its first step into the public electric charging space and continues to advance its self-described purpose of "facilitating the adoption and use of electric cars".
The company has a vested interest in promoting and facilitating the use of electric vehicles and opens the door for consumers to take an active role not only in recharging their vehicle, but also in managing energy.
The Spanish startup is currently entering the US market and will soon distribute chargers there, and it also has its eyes on China.
"This is a strategically significant acquisition. 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," commented Enric Asunción, CEO of Wallbox.
Back in May 2020, Wallbox announced the closing of a €12 million second tranche of Series A investment, bringing the Seaya Ventures-led round to a total of €23 million.