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The most lit battery tech startups in UK to follow in 2021

Shell LiveWIRE winners photography-Carlton Cummins-Aceleron,UK,2016

Electric vehicles (EVs) are gaining momentum globally in the transportation industry owing to the increasing demand for lightweight fuel-efficient vehicles and other factors including, the growing concern for environmental-related norms and regulations. 

The global electric vehicle charging infrastructure market size is projected to grow with a CAGR of 36.3% in terms of value from 2020 to 2028.

Wallbox raised £29M

Recently Wallbox, a Barcelona-based company whose primary goal is to design, manufacture and distribute smart charging solutions for electric vehicles, has recently secured €33 million (approx £29 million) funding. 

The round was co-led by Cathay Innovation and Wind Ventures with participation from Iberdrola and Seaya Ventures. To date, the company has raised €56 million (approx £49 million) in funding. 

Founded by Eduard Castañeda Mañé, and Enric Asunción in 2015, Wallbox creates a smart ecosystem that improves the way we manage, use and store energy. The company offers four types of chargers, including Quasar, the first bidirectional charger for home use with advanced two-way charging technology....