Wallbox and Free2move eSolutions Collaborate to Accelerate EV Adoption in North America

Rhea-AI Summary

Wallbox collaborates with Free2move eSolutions to offer EV charging solutions in North America. Free2move will provide Wallbox's Pulsar Plus AC Level 2 charger to dealerships, while Wallbox will offer Supernova 180, a 180kW DC fast charger. The collaboration aims to accelerate the production process and ensure the availability of next-generation EV charging solutions. Supernova 180 can add 100 miles of range in under 10 minutes. The collaboration will also enable faster home charging experiences for Stellantis' customers.

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• Collaboration with Free2move eSolutions to offer EV charging solutions in North America
• Supernova 180 can add 100 miles of range in under 10 minutes

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Free2move eSolutions to offer Wallbox AC Level 2 Pulsar Plus and the first Wallbox Supernovas, a 180kW DC fast charger, to dealerships across North America

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Wallbox (NYSE: WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced a collaboration with Free2move eSolutions, a joint-venture with Stellantis (NYSE: STLA), dedicated to empowering customers with streamlined electric vehicle access solutions. During the first stage of the collaboration, Free2move eSolutions, and Wallbox will support Stellantis’ dealerships in Canada with their electrification goals by offering Supernova 180, a DC fast-charger capable of charging at up to 180kW. Additionally, Free2move will provide Wallbox’s best-selling AC Level 2 charger, Pulsar Plus, to their dealership network across North America.

Through the ongoing collaboration, Free2move eSolutions and Wallbox are exploring codevelopment opportunities to accelerate the production process and ensure the swift availability of next-generation and best-in-class EV charging solutions for the North American market.

“We are thrilled to partner with Free2move eSolutions, and combine both companies' know-how to transform the charging experience for EV owners across North America,” said Enric Asuncion, Chief Executive Officer at Wallbox. “Our 180kW DC fast charger, Supernova, is fast, reliable, and accessible, making it the perfect entrance into the DC fast charging market in North America for Wallbox. We are very excited to launch the product with Free2move as go-to-market partner and provide this innovative technology to their dealership network across North America.”

Supernova is Wallbox’s DC fast-charger that has been designed to satisfy the industry’s desire for reliable and efficient public charging that benefits both electric vehicle drivers and chargepoint operators. Its latest generation, Supernova 180, has been adapted specifically for the North American market and will support up to 180 kW of charging speed, meaning it can add 100 miles of range in under 10 minutes. Supernova’s reduced footprint allows for access to fast charging solutions even in sites with limited space and power such as gas stations, high power charge hubs, car dealerships and shopping malls, opening up more sites to EV charging possibilities and making it easier to scale charging networks.

The collaboration will also play a pivotal role in the successful distribution of Level 2 chargers via Stellantis’ dealership network, enabling faster and convenient home charging experiences for their customers across North America.

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 113 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 approximately 1,400 people in Europe, Asia, and the Americas.

For additional information, please visit www.wallbox.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the private placement. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our 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: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from the conflict between Russia and Ukraine; risks related to macro-economic conditions and inflation; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; as well as the other important factors discussed and incorporated by reference under the heading “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022, and as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (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. Any such forward-looking statements represent management’s estimates as of the date of 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.

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Wallbox PR Contact:

Elyce Behrsin

PR Manager Global

press@wallbox.com

Wallbox Investor Contact:

Matt Tractenberg

VP, Investor Relations

Matt.Tractenberg@wallbox.com

+1 404-574-1504

Source: Wallbox