Wallbox plans a production site in the US
The Spanish charging infrastructure manufacturer Wallbox is planning to build a production facility in the US and is currently looking for a location to do so. The company entered the US market in 2020 where it offers a US version of the Wallbox model Pulsar Plus.
The company has not yet revealed a lot about its search for a plant location, since not even a region or a state is named or ruled out. Nor does Wallbox mention a timetable or the targeted production capacity.
Wallbox founder and CEO Enric Asunción, says the plans are driven by two factors – demand and US President Joe Biden’s transport decarbonisation plans. Wallbox has been active in the US since 2020, with the Pulsar Plus also being offered since this February, and has “far exceeded” forecasts, he said. “The rapid growth we’re experiencing in the United States will require us to shortly increase capacity,” says Asuncion, “and we believe by adding a factory in the US will allow us to serve the U.S. market even better with local production and jobs”
The US government’s announcement of plans to build 500,000 public charging points as part of its two trillion-dollar infrastructure plan has also underpinned the consideration of a US plant. “This has opened up the possibility of accelerating the expansion of Wallbox’s offering in this segment,” Asunción said. For this reason, Wallbox also plans to offer an affordable and modular DC charging station for public spaces in the US. The model called Supernova was first shown in October 2020.
Wallbox is also expanding its production capacity in Europe, where the company is building a new factory in Barcelona to manufacture chargers for residential, semi-public and public spaces. The new factory, located near the company’s headquarters in Barcelona, is expected to start operations in the third quarter of 2021.
Funding for the expansion plans seems to be secured: In February, Wallbox closed a financing round for 33 million euros. Wallbox has been around since 2015. Already at the beginning of 2020, the Spanish company closed the second tranche of their Series A financing round, which brought them revenues of 23 million euros. Wallbox says it now sells its products in more than 60 countries and employs around 350 people in its branches in Europe, Asia and America.