Wallbox
EV chargingSpain
New to Unitard
📉 Public < $1B
Peak $1.5 BillionToday
−95%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$1.5 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$74.1M
Current status
Public; restructuring
Live · WBX· NYSE
as of 2026-09-21
$3.06▼ 2.08% today
≈ $74.1 Million market cap · −95.1% from peak
The rise & fall
6 moments · 2015–2026The key moments, with employee sentiment along the way.
2015
2015
Founded in Barcelona
Ex-Tesla engineer Enric Asunción and Eduard Castañeda start building smart EV chargers and energy-management hardware.
Wikipedia
Oct 2021
Oct 2021
The peak: a $1.5B SPAC debut on the NYSE$1.5B
Wallbox lists via blank-check merger at roughly $1.5B, right at the top of the EV-charging wave.
Reuters
2022
2022
Slips out of the club
Charging demand slows, losses pile up, and the market cap sinks below $1B within a year of listing.
stockanalysis.com
2023
2023
The cuts begin
After 2022's hiring spree, layoffs land in early 2023 and restructuring runs for years.
Reuters
2022–25
From the inside · Glassdoor reviews, 2022–25
Glassdoor reviews traced a boom-and-cut arc: a rapid 2022 hiring spree, then repeated layoff rounds from early 2023 — with reviewers contrasting early splashy spending on a Super Bowl ad and parties with the cost-cutting that followed.
2026
2026
Still under the line
Trades near $0.89B — about 41% below peak — with restructuring still under way.
stockanalysis.com
Today
Today
Still in the club — and still trading
Live · WBX · NYSEas of 2026-09-21
$3.06▼ 2.08% today≈ $74.1M cap · −95.1% from peak
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Wallbox is a Spanish maker of EV charging and energy-management hardware. It went public via SPAC in October 2021 at roughly a $1.5B valuation. Amid slowing EV-charging demand and losses, its shares fell and it undertook restructuring. Its market cap dropped below $1B, trading near ~$0.89B by 2026, about 41% below peak.
Source: stockanalysis.com Mar 2026
Founders
- Eduard Castanedaco-founder & chief product officer
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
