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Wallbox N.V. (symbol: WBX) is a trailblazer in the realm of electric vehicle (EV) charging and energy management solutions. The company is dedicated to designing, manufacturing, and distributing smart charging systems that simplify the user experience and promote the adoption of sustainable transportation. Wallbox’s innovative products facilitate seamless communication between users, vehicles, grids, buildings, and chargers, making the EV charging process as straightforward as refueling traditional vehicles.
Wallbox offers a comprehensive portfolio of smart charging solutions tailored for various applications, including residential, business, and public use. Their product range includes Level 2 alternating current (AC) chargers for home and business settings and direct current (DC) fast chargers designed for public use. These solutions are designed to cater to a diverse array of customer needs, ensuring faster and more efficient charging experiences.
Operating across three primary segments—Europe, Middle East, and Asia (EMEA), North America, and Asia-Pacific—Wallbox has established itself as a key player in the EV charging industry. The EMEA region stands out as the company's major revenue generator, underlining its significant influence in the market.
Recent achievements underscore Wallbox’s commitment to innovation and growth. The company has forged strategic partnerships and entered into collaborations that enhance its technological capabilities and market reach. These initiatives not only bolster Wallbox’s position in the industry but also contribute to the broader adoption of electric and plug-in hybrid vehicles (PHEVs).
Wallbox's mission extends beyond merely providing charging solutions; it aims to reduce the environmental footprint of transportation by making EV and PHEV ownership more accessible and convenient. By focusing on user-friendly products and comprehensive customer support, Wallbox helps in transforming the charging experience into a routine and uncomplicated task, comparable to filling up with conventional fuel.
Financially, Wallbox continues to demonstrate robust growth and a solid financial standing, driven by its expanding product lineup and strategic market presence. The company's emphasis on sustainability, innovation, and customer satisfaction positions it as a significant contributor to the future of sustainable transportation.
Bioptimus has secured a total funding of $76 million, including a recent $41 million investment led by Cathay Innovation. The company, which successfully launched the world's largest AI foundation model for pathology (H-Optimus-0) in July, is preparing to release a breakthrough multi-scale, multi-modal foundation model for biology in 2025.
The H-Optimus-0 model has demonstrated superior performance in independent benchmarks, including evaluations by Harvard Medical School's HEST program and the University of Leeds, particularly in predicting gene expression from morphology and subtyping ovarian cancer.
The company aims to break down traditional research silos by integrating data across multiple scales (molecules, cells, tissues, organisms) and modalities (imaging, genetics, etc.). The funding will support platform enhancement, strategic partnerships with pharmaceutical and biotech companies, and dataset expansion.
Wallbox (NYSE:WBX) has achieved a significant milestone as its Quasar 2 bidirectional charger received UL Solutions certification for the U.S. market. The device is the first bidirectional charger with a CCS1 connector to meet principal safety standards for DC EV chargers.
The Quasar 2, expected to launch soon, enables advanced V2X functionality and can power homes during outages. The compact device is designed for residential installations and is compatible with EVs using ISO 15118-20, the industry standard for bidirectional charging.
The certification includes compliance with multiple UL standards: UL 9741 (2nd edition), UL 2231-2 for protection systems, and UL 1741 for interconnection system equipment. This certification validates Wallbox's engineering capabilities and positions the company at the forefront of EV charging innovation.
Wallbox (NYSE: WBX) has received notice from the New York Stock Exchange on November 21, 2024, regarding non-compliance with listing standards as its Class A ordinary shares' average closing price fell below $1.00 over a consecutive 30-day trading period.
The company has a six-month cure period to regain compliance, which can be achieved if the stock closes at $1.00 or above on the last trading day of any calendar month and maintains an average closing price of at least $1.00 over a 30-day trading period. On December 2, 2024, Wallbox notified the NYSE of its intention to cure the deficiency.
The notice does not immediately impact the listing of Wallbox's shares, which will continue trading on the NYSE, subject to compliance with other listing standards. The company maintains its focus on business operations and strategic priorities in EV charging solutions.
Range, an AI WealthTech platform, secured $28 million in Series B funding led by Cathay Innovation, bringing total funding to $40 million. The company's AI engine, Rai, delivers wealth management advice 10-20x faster while saving members 75-90% in fees compared to traditional advisors. Since its 2021 founding, Range has attracted over 1,000 high-net-worth members and manages nearly $3 billion in assets. The platform is experiencing 20% month-over-month membership growth and operates on a transparent flat-fee model, integrating investment services, tax planning, estate planning, retirement planning, and insurance needs.
Wallbox (NYSE: WBX) announced that its Supernova DC fast charger has received Germany's Eichrecht certification, marking a significant expansion into DC fast charging in one of Europe's largest EV markets. The certification is essential for selling chargers in Germany's public segment and opens opportunities across the DACH region. According to Rho Motion, Germany will have over 22,000 DC fast chargers by year-end, with projections of 150,000 additional units in the next decade - a 680% growth. Supernova becomes Wallbox's third product and first fast charger to achieve Eichrecht compliance, which ensures accuracy in energy measurement and billing for public charging infrastructure.
Wallbox (NYSE:WBX) reported Q3 2024 financial results with revenue of €34.7 million, up 7% year-over-year (12% excluding a €1.6M one-off charge). The company showed strong performance in North America with 45% YoY growth, outperforming the local EV market's 4% growth. Year-to-date revenue growth reached 26% compared to the previous year. For Q4 2024, Wallbox expects revenue between €40-45M (23-38% YoY growth), gross margin of 38-40%, and negative adjusted EBITDA of €(7-10)M. The company is implementing a new business unit-driven model to address slower-than-expected EV market growth and optimize operations.
Wallbox (NYSE: WBX), a leading provider of EV charging solutions, has surpassed one million EV chargers sold worldwide as of Q2 2024, including ABL's sales. This milestone follows the successful introduction of new products, such as ABL's EM4 internationally and the Supernova 180 and Pulsar Pro in North America. CEO Enric Asuncion emphasized the achievement's significance in accelerating global electric mobility transition.
The company has strengthened its portfolio, particularly in commercial offerings, through new product launches and strategic integrations across the Wallbox Group. This expansion aims to meet the growing demand for innovative, high-quality charging solutions supporting a sustainable future. Wallbox continues to lead in providing EV charging solutions for residential, commercial, and fast-charging applications.
Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, has announced the timing for its Third Quarter 2024 Financial Results release and webcast. The company will:
1. Release financial results on Wednesday, November 6, 2024, before market opens.
2. Host a webcast at 8:00 AM ET (2:00 PM CET) on the same day.
3. Feature prepared remarks by Enric Asunción (co-founder and CEO) and Luis Boada (CFO), followed by a Q&A session.
Interested parties can register and join the webcast through a provided link, also accessible via the 'Events & Presentations' section on Wallbox's investor relations website. A replay of the webcast and accompanying presentation materials will be available for future download after the event.
Wallbox N.V. (NYSE:WBX) reported strong second quarter 2024 financial results, with revenue reaching €48.8 million, a 48% increase year-over-year. Highlights include:
- 65% revenue growth in North America, outpacing the EV market
- 64% global growth in DC sales compared to last year
- Launch of the Supernova 220, their highest power-to-footprint ratio DC fast charger
- Expanded commercial contract with Generac
- Gross margin of 39.1%, a 936 basis point improvement from last year
- 47% improvement in Adjusted EBITDA year-over-year
- First month of positive adjusted EBITDA in June
- €65.2 million in cash and equivalents, plus a recent $45 million investment
Wallbox (NYSE: WBX), a leader in smart EV charging and energy management solutions, has secured a $45 million strategic investment. The investment is led by Generac Power Systems (NYSE: GNRC), contributing $35 million, with additional funding from existing shareholders. This move strengthens Wallbox's balance sheet and accelerates its manufacturing and sales capabilities, particularly in the North American market.
The partnership with Generac enhances Wallbox's strategy, leveraging Generac's 8,000+ authorized installers and integration capabilities. This investment marks Generac's second minority stake in Wallbox, aligning with their commercial relationship announced in December. The collaboration aims to accelerate Generac's 'Powering A Smarter World' strategy and provide deeper access to Wallbox's technology for Generac's distribution partners.
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