The Spanish startup, specialising in electric vehicle charging and energy management solutions, is now listed on Wall Street following its merger with SPAC Kensington Capital Acquisition Corp II. The company ended the session with a valuation of 1,537 million dollars (about 1,263 million euros). In the opinion of Bankinter’s research team, “the outlook for the sector, the guidance presented, its alliances with suppliers of photovoltaic systems such as Sunpower and Otovo and the disruptive products offered by Wallbox make the company an interesting option in the area of mobility and energy transition”.
unicorns in spain
Despite the fact that over the last 10 years there has been a lot of feverish activity promoting technological entrepreneurship and help for startups in Spain, so far we still do not have one company which is worth more than 1 billion dollars, what is referred to as a Unicorn.