Spanish electric vehicle company sets up operations in the CBD

Spanish-based electric vehicle (EV) charging tech provider Wallbox has officially launched the opening of its operations hub in the CBD, in move set to revolutionise the future of driving.

The smart (EV) charging and energy management provider develops and manufactures solutions for homes, businesses and cities that encourage sustainable ways of using and sharing energy.

The company was founded in Spain in 2015 and has become a pioneer in bi-directional technology, allowing the use of an EV battery or a fleet of connected EVs for energy storage and use.

Minister for Trade and Investment Tim Pallas recently announced the opening of the Spanish-based green tech company’s operations in the CBD after it was attracted by Victoria’s innovation culture and advanced tech workforce.

Wallbox chief business officer Douglas Alfaro said the “combination of talent, location and leadership in terms of the electric mobility movement made Victoria a great choice for basing our ANZ (Australia and New Zealand) HQ”.

“We’re excited to continue supporting and facilitating the adoption of electric vehicles throughout ANZ as our local presence grows in Victoria.”

The green tech company was also encouraged by the state’s thriving renewable energy sector and the state government’s commitment to achieve net-zero emissions by 2045.

According to the state government, new investments through Invest Victoria in 2021-22 are expected to create almost 3700 jobs and generate more than $420 million in wages.

Data from foreign direct investment markets showed last year that Victoria attracted $8.9 billion in overseas investment, ahead of New South Wales ($6.3 billion).

Other sectors attracting the interest of investors was Victoria’s renewable energy ($5.1 billion), software and IT services (almost $600 million), and communications (more than $400 million).

Minister for Trade and Investment Tim Pallas said, “It’s great to welcome new ground-breaking companies into the mix – it builds jobs, opportunities and expertise across the economy.”