Iberdrola
Plaza Euskadi 5, Bilbao, Bizkaia, 48009, Spain
Overview
Iberdrola together with its subsidiaries engages in the production, switching, and distribution of electricity and gas worldwide. It generates electricity primarily through nuclear, fossil-fuel, and hydroelectric power. The company also engages in the retail of electricity under the tariff systems. In addition, IBERDROLA generates electricity from renewable energy sources, as well as engages in gas storage, and electricity and gas supply activities. Iberdrola is committed to the energy transition and has developed a sustainable business model based on renewable energy, smart grids, large-scale energy storage, and digital transformation to provide customers with advanced products and services.
- Total investments
- 15
- Lead investments
- 3
- Investments · 12mo
- 1
- Active investors
- 9
Sector focus
- Energy
- Hydroelectric
- Renewable Energy
- Sustainability
Investment portfolio
- TRIBBU
Led · Equity · Oct 2025
Founded in 2019 and formerly known as Hoop Carpool, TRIBBU connects drivers and passengers who make similar daily trips, aiming to fill empty car seats and cut emissions. Its app now integrates Energy Savings Certificates (CAEs), paying drivers €1 per passenger per journey to incentivise carpooling. The service has already facilitated more than 500,000 shared rides and is used by over 100 organisations such as Iberostar, Mercedes-Benz, and Schneider Electric. While Spain remains its core market, TRIBBU is also active in Portugal, Mexico, Colombia, Peru, Panama, and Guatemala, with plans to deepen its Latin American footprint where public transport is often limited. The new capital will be directed toward broadening its Spanish user base, enhancing the app and CAE system, and targeting groups like university students and suburban commuters. Longer-term, the company wants carpooling to become as routine as taking a bus, thereby reducing traffic congestion and carbon emissions. The recent funding round strengthens its financial position and aligns with Europe’s 2025 push toward shared, low-emission mobility solutions.
- Nido
Participated · Seed · Feb 2025
Nido is a Spanish technology platform that handles the marketing, design, and installation of aerothermal systems for the residential sector. Its platform utilises 3D modelling and artificial intelligence to optimise design and installation processes and to connect installers, suppliers, and customers. The company says this approach aims to accelerate adoption of energy-efficient heating solutions and reduce CO₂ emissions. Nido has closed a €5M Seed round to fund its growth. It plans to integrate additional AI into the platform, expand its engineering team, and optimise its marketplace to better connect installers, suppliers, and customers. The funding is intended to help Nido accelerate the energy transition across Europe by simplifying and optimising every step of the aerothermal installation process.
- Wallbox
Participated · Equity · Dec 2023
Wallbox develops EV chargers and energy management solutions, including award-winning chargers referenced in the article. The company is expanding its global footprint and aims to make EV charging more accessible worldwide. Management says the new capital will support worldwide sales and operational efficiency as Wallbox pursues a path to profitability. The reported investment strengthens Wallbox’s balance sheet and financial position. Shareholder participation in the round demonstrates continued investor confidence in the company’s long-term strategic goals and leadership in the EV charging industry. Wallbox develops chargers for electric vehicles and energy‑management systems. The company announced a $45 million (≈€41.5M) capital increase, of which $35 million came from Generac Power Systems. The financing strengthens Wallbox’s balance sheet and provides capital to accelerate manufacturing capacity and scale charger sales globally, with a focus on the fast‑growing North American market. The strategic partnership with Generac is intended to enable deeper integration with Generac’s energy‑management systems and access to its distribution network. This deal follows a commercial relationship announced in December and the appointment of Paolo Campinoti, Executive Vice President of Generac International, to Wallbox’s board. Company leadership framed the investment as a vote of confidence from shareholders and a step toward long‑term value creation. Wallbox develops EV charging hardware and energy-management software, offering home chargers, the bidirectional Quasar 2 and the Supernova ultra-fast public charger. The company also provides installation services through COIL, which Wallbox acquired in 2022. Wallbox emphasizes managing generation, storage and distribution to support greater electrification and renewable-energy adoption. The firm aims to accelerate development of energy ecosystems for commercial public sites such as supermarkets, shopping centers and restaurants. As part of its go-to-market strategy, Wallbox is expanding distribution and partnerships to increase accessibility, particularly in the United States. Financially, Wallbox recently completed a €29 million capital increase that brought strategic industrial and investor partners into the cap table. Wallbox designs, manufactures and distributes smart charging systems for electric and plug-in hybrid vehicles, offering residential, semi-public and public chargers. Its product lineup includes Quasar, a small bidirectional home charger with two-way charging technology, and Supernova, its first fast public charger delivering 65 kW. The company sells to more than 50 countries and operates offices in Europe, Asia and America, supported by two company-owned factories and about 350 staff. Wallbox acquired the public EV charging platform Electromaps and has expansion plans for its public charging solutions. It raised €33m in a funding round and intends to use the funds to open new offices globally, expand manufacturing and R&D facilities, and hire more than 400 new employees. Wallbox develops intelligent charging solutions for electric vehicles and plug-in hybrids for both domestic and business use, and operates a charging-management platform called myWallbox. The company carries out research, technical development, product testing and manufacturing at its Barcelona plant, which has a production capacity of 500,000 chargers per year and a large engineering team. Development of the charging-management platform and after-sales/installation customer service are based in Madrid. Wallbox sells to major automobile manufacturers and large electric utilities and has subsidiaries in Germany, the UK, the Netherlands, France, the United States (California) and China. It also operates a joint venture in China, Wallbox FAWSN Charging Systems Co Ltd., with a production plant dedicated to sales in the Chinese market. The company intends to use the funds to drive international growth in China and North America and to continue expanding technology innovation and R&D.
- Aqui tu Reforma
Participated · Equity · Mar 2023
Aquí tu Reforma operates a network of franchises and a digital platform that connects customers with home renovation services. The company already counts 156 franchises in Spain and has expanded internationally into Italy, Mexico and Colombia since 2022. It plans to grow its Spanish franchise footprint, reinforce its commercial team and boost its technological capabilities. Management also intends to push further international expansion beyond its current markets. Financially, Aquí tu Reforma reported €1.62M in revenue in 2021 (a 47.3% increase) and employed 43 people. The recent funding is earmarked to support these expansion and product-development initiatives. Aquí tu Reforma centres its business on the renovation and rehabilitation of homes and buildings, operating through a brand-licence model supported by a digital platform. The platform enables licencees to manage the entire renovation process, from sourcing and purchasing materials to project execution and financing, while allowing end clients to participate throughout the process. The company reports more than 130 renovation firms operating under its brand in Spain and holds agreements with multinational home and materials companies as well as banking partners. Iberdrola invested €1M through its Startups Iberdrola Perseo program with the stated objective of expanding offerings in efficient renewable heating (aerothermal), thermal insulation, efficient windows, lighting, residential self-consumption and electric-vehicle charging. The Perseo program, created in 2008, has invested more than €85 million in startups developing technologies and business models to improve energy sustainability and electrification. Aquí tu Reforma operates a network of 130 partners (brand licensees) serving 50 cities across Spain and offers a technology-driven end-to-end renovation service. The company uses a single proprietary software that integrates all renovation processes from lead capture through post-sale, and incorporates blockchain to enhance legal security. It also provides customer financing for renovations via its Aquí Credit platform through agreements with banks. Founded in 2019 by Francisco Morán and Enric Aparici, the company positions sustainability and digitalization at the core of its offering. With support from investors including Encomenda, Seaya Venture Capital and Institut Català de Finances, Aquí tu Reforma is focused on accelerating commercial deployment across Spain and planning international expansion in 2022. Aquí tu Reforma is Spain’s first technology-based home improvement franchise company, founded in 2019 and led by Francisco Morán (CEO) and Enric Aparici (managing director). The company operates a network of 106 franchises across 46 Spanish cities and offers renovation financing via its AQUÍ Credit platform. It has more than 500 people in franchises and about 30 at its head office, and planned to double its workforce by the end of the year. Aquí tu Reforma focuses on digitising the renovation sector and improving sustainability through a circular economy plan to optimise resources and waste management. Immediate product plans include launching ATR Market, an exclusive procurement platform for franchises, plus an app and augmented reality tools. The company aims to consolidate leadership in Spain and to internationalise into other European and Latin American markets. Aquí tu Reforma operates a network of home-renovation franchises in Spain that offers an online configurator for full renovation budgets and standardized, contract-backed works. The company provides a two-year guarantee, tailored client financing, and compensates customers for each day of delay, aiming to professionalize the renovation sector. Founded by Francisco Morán and Enric Aparici with participation from Albert Bosch, the startup entered the market after eight months of operation. It already counts 32 franchises across Madrid, Barcelona and Valencia and targets 50 franchises and €25 million in works. The team says it will begin an internationalization process the following year and plans to keep incorporating technology to refine its service. The business model mixes franchise roll-out with a digital customer-facing estimator to scale operations and service quality.
- Basquevolt
Participated · Equity · Nov 2022
Basquevolt develops a proprietary solid-state electrolyte it says can deliver roughly 50% higher energy density than conventional lithium‑ion batteries. The electrolyte is designed to integrate into existing cell gigafactory manufacturing processes without requiring major additional capital expenditure. The company is scaling production of its electrolyte and reinforcing manufacturing and validation capabilities as it works toward TRL6. Basquevolt is collaborating with three automotive OEMs on development and validation and plans to continue engagements with European automakers and advanced applications OEMs. Its technology has attracted both private investment and public funding, and it has previously received grants and support from regional, national and European programs including the EIC Accelerator and sector-specific projects in aviation and stationary energy storage.