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Uber and Wallbox to Expand Partnership to All of The U.S.
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
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.
Positive
Expansion of Wallbox and Uber partnership nationwide enhances EV charging access for Uber drivers.
Rollout of discounted EV charging package expected to boost EV adoption among Uber drivers.
Partnership supports Uber's commitment to zero-emission platform by 2030.
Negative
None.
After launching a pilot program in the Bay Area California, Wallbox and Uber are expanding their partnership to reach nationwide U.S. by the end of April 2022
MOUNTAIN VIEW & SAN FRANCISCO, Calif.--(BUSINESS WIRE)--
(NYSE: UBER) a global mobility platform and Wallbox N.V. (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, are expanding their partnership nationwide following the pilot program. As previously announced, the partnership provides Uber drivers a discounted package for a Wallbox Pulsar Plus charger, installation and the option to finance the package.
Just a few months after beginning their initial partnership in the Bay Area in October 2021, the companies are expanding their collaboration so that drivers across the U.S. will soon have access to Wallbox’s discounted EV charging package. This will be rolled out in four key groups, in order to reach nationwide coverage by the end of April 2022. Additionally, the two companies are actively discussing a potential global roll-out program beginning in Europe and Canada.
The roll-out is expected to follow four phases; the first covering Los Angeles, Portland and Seattle in January, the second covering Phoenix, New York and Boston in February, the third covering the Midwest and Southeast in March, and the final phase covering the rest of the U.S. excluding Alaska in April.
"Expanding this pilot program across the U.S. is a natural next step as we work together to build more sustainable transportation," said Douglas Alfaro, General Manager of Wallbox North America. “Our charger plus installation package has simplified EV usage for Uber drivers in the Bay Area, and we are thrilled to be able to offer the same support to drivers all over the country.”
“Helping drivers go electric is a crucial part of our plan to get to zero-emissions by 2030 in the U.S.,” said Andrew Macdonald, Uber’s Senior Vice President of Mobility and Business Operations. “This partnership with Wallbox helps drivers by making it more affordable and accessible to charge their EVs, and we’re excited to give more drivers the chance to take advantage of it.”
The partnership is being supported by an Uber program that makes drivers of fully electric vehicles (EVs) eligible for a Zero Emissions incentive, so they can earn an extra $1 on every Uber trip (up to $4,000 annually).
Wallbox’s worldwide best-selling charger, Pulsar Plus, became an Amazon U.S. Best Seller in just a few months. Pulsar Plus is one of the smallest smart home EV chargers in the U.S., and is compatible with all EVs, including Teslas and can be installed in homes, apartments, and other multi-unit dwellings.
The partnership is part of Uber’s continued commitment to becoming a zero-emission platform in the U.S. and Canada by 2030.
About Wallbox Chargers
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 80 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 700 people in Europe, Asia, and the Americas.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the partnership between Uber and Wallbox and the expected phases of expansion of the program. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
