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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.
Wallbox (NYSE:WBX) reported a robust financial performance for Q4 2021 and the full year, with revenues reaching approximately $86.5 million, marking a 266% increase year-over-year. In Q4 alone, revenues hit a record $31.3 million, up 165% from the previous year. The company sold 129,000 chargers overall, achieving a gross margin of 38.2%. Wallbox also completed a business combination with Kensington Capital, becoming the first Spanish tech firm on the NYSE. Looking ahead, Q1 2022 revenue is expected between €26-28 million, reflecting significant growth.
Wallbox (NYSE: WBX), a leader in electric vehicle charging solutions, announced it will showcase its Pulsar Plus and Supernova chargers at the NADA Show in Las Vegas from March 11-13, 2022. The Pulsar Plus is Wallbox's globally recognized home charger, while Supernova offers cost-effective solutions for dealerships. The event aims to connect with dealers and OEMs, offering packages for those interested in selling the Pulsar Plus.
Wallbox’s participation highlights the growing enthusiasm for electric vehicles in the automotive industry.
Wallbox (NYSE:WBX), a leader in EV charging solutions, has appointed Matthew Tractenberg as the new Vice President of Investor Relations. Tractenberg brings over 20 years of experience in finance and investor relations, aiming to enhance the company’s relationships within the investment community. CEO Enric Asuncion stated that Tractenberg's expertise is crucial for advancing Wallbox's corporate narrative. Tractenberg expressed excitement about joining Wallbox during a pivotal time in the EV charging market.
Wallbox (NYSE: WBX) will release its financial results for Q4 and the full year 2021 on March 16, 2022, before market open. A conference call will follow at 8:00 AM ET to discuss these results and provide an update on business operations. The call will feature remarks from CEO Enric Asunción and CFO Jordi Lainz, concluding with a Q&A session. Investors can register for the webcast, which will also have a replay available after the event.
Wallbox N.V. (NYSE: WBX) has partnered with Polaris to sell its Pulsar Plus 40 Amp charger, enhancing charging capabilities for off-road EV customers in the US and Canada. The charger, which became a bestseller in just three months, is designed for flexibility in rural areas and is compatible with all EVs. Pre-orders will start in late spring through Polaris dealerships. This collaboration aims to facilitate the electric vehicle transition for outdoor enthusiasts.
Wallbox (NYSE:WBX) has partnered with NAPA Auto Parts (NYSE:GPC) to bring its Pulsar Plus smart home EV chargers to over 6,000 locations across the U.S. and Canada. The chargers, available online and in-store, are recognized for their innovative technology including flexible amperage settings, Bluetooth and Wi-Fi connectivity, and energy management solutions. This strategic collaboration aims to enhance NAPA's EV product offerings and promote the adoption of EV technology to meet growing consumer demand.
Wallbox (NYSE:WBX) is launching its first-ever television commercial during Super Bowl LVI on February 13, 2022. The 15-second ad features lightning strike survivor Seth Thomas, who despite his fear of electricity, embraces the use of Wallbox chargers. Aimed at promoting electric vehicle (EV) charging, the campaign encourages viewers to embrace electricity with a focus on the safety and environmental benefits of Wallbox products. The commercial is part of a broader marketing strategy targeting eco-conscious consumers.
Wallbox (NYSE:WBX), a global EV charging solutions provider, has launched its first U.S. commercial featuring lightning strike survivor Seth Thomas. Set to air during Super Bowl LVI on February 13, 2022, the ad highlights Wallbox's ease of use, safety, and environmental friendliness in EV charging. The marketing campaign aims to promote EV adoption, emphasizing Wallbox's role in helping drivers transition from traditional vehicles. The campaign will also run in key European markets starting February 4, 2022, showcasing Wallbox's comprehensive solutions for residential and public use.
Wallbox (NYSE: WBX) and Uber (NYSE: UBER) are expanding their partnership across the U.S. following a successful pilot in the Bay Area. By April 2022, Uber drivers will have access to a discounted package for the Wallbox Pulsar Plus charger and installation. The rollout will occur in four phases starting in January 2022, covering key cities like Los Angeles and New York, and aims for nationwide availability. The partnership supports Uber's goal of achieving zero emissions by 2030, enhancing EV accessibility for drivers.
Wallbox (NYSE:WBX) announced the launch of its popular Pulsar Plus EV charger in Canada, marking its 84th global market entry. The launch follows the successful introduction in the US, where it became the top-selling charger on Amazon in its first three months. The Pulsar Plus, designed for home use, is compatible with all EVs and features advanced connectivity options, including Bluetooth and Wi-Fi. Customers can purchase through Amazon.ca and directly from Wallbox's website starting Spring 2022, supporting Canada's growing EV market.
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