Wallbox recently received a $45 million investment, which includes $35 million from lead investor Generac Power Systems. Wallbox said the investment provides capital to accelerate the company’s ability to manufacture and sell more of its chargers throughout the world, particularly in the North American market. This is the second minority investment Generac has made in Wallbox. The two companies introduced their commercial relationship in December 2023.

“This additional investment and expanded relationship with Wallbox further accelerates our Powering A Smarter World enterprise strategy,” Aaron Jagdfeld, president and CEO of Generac, said. “Our alliance provides Generac and our distribution partners deeper access to Wallbox’s technology and will enable deeper integration of Wallbox EV chargers into our residential and C&I energy ecosystem.”

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