Wallbox (WBX) said Monday it raised about $10 million through a private placement 26,707,142 class A ordinary shares.

Investors included Inversiones Financieras Perseo, Orilla Asset Management, and Wallbox Chief Executive Enric Asuncion.

The company said the investment provides the necessary capital to support the global sales of its electric vehicle chargers.

Wallbox shares were down 6% in recent premarket activity.