unicorns in spain

wallbox NYSE

Wallbox, The First Spanish Unicorn To Go Public On The NYSE, Hits A Valuation Of €1.263 Bn and a 6.6% rise

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”.

Spotify made its debut on Wall Street on Tuesday

Spain Does Not Have One Unicorn vs 34 In Europe And 100s In The US

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.