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Wallbox and Lyft Announce Partnership to Boost Home EV Charging Access in North America

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Wallbox (NYSE: WBX) has partnered with Lyft (NASDAQ: LYFT) to provide EV charging solutions for Lyft drivers in the U.S. and Canada. This collaboration focuses on improving the accessibility and affordability of home EV charging through discounted Level 2 chargers and installation services. The Pulsar Plus charger, available in 40 Amp and 48 Amp variants, is highlighted as a key product. This partnership is noteworthy given a Consumer Reports survey indicating that 71% of Americans are interested in owning EVs, with charging logistics being a major barrier.

Positive
  • Partnership with Lyft provides discounted EV charging solutions for drivers.
  • Access to Pulsar Plus chargers enhances home EV charging options.
Negative
  • None.
  • Lyft drivers in the United States and Canada will have access to EV charging solutions from Wallbox.
  • Wallbox aims to improve access and affordability of home EV charging for Lyft drivers with discounted charging hardware and installation services, lowering the barrier to EV adoption.
  • Pulsar Plus is the leading L2 offering from Wallbox in North America and is available as a 40 Amp or 48 Amp EV charger.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Drivers on the Lyft (NASDAQ: LYFT) platform in the United States and Canada can now purchase Level 2 (L2) home EV chargers through Wallbox (NYSE: WBX) and installation services performed by COIL, a recent Wallbox acquisition. The partnership gives Lyft drivers a discount on L2 EV chargers from Wallbox. This is the first such partnership between Wallbox and Lyft and highlights the commitment of both companies to lower barriers to EV ownership in North America.

Earlier this year, Consumer Reports released the results of a survey that found 71% of Americans have some level of interest in owning or leasing an EV. The same survey found that “charging logistics” was cited as the top barrier to entry among respondents.

“We’re excited to partner with Lyft to make access to EV charging easier for drivers across North America,” said Douglas Alfaro, General Manager of Wallbox North America. “Wallbox is committed to doing our part in making the path to EV ownership easier for consumers, and our partnership with Lyft represents a significant step forward on that mission.”

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 113 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has more than 1,200 employees in its offices across Europe, Asia, and America. For more information, visit www.wallbox.com

Wallbox PR Contact:

Elyce Behrsin

PR Manager Global

press@wallbox.com

+34 673 310 905

Wallbox Investor Contact:

Matt Tractenberg

VP, Investor Relations

Matt.Tractenberg@wallbox.com

+1 404-574-1504

Source: Wallbox

FAQ

What is the partnership between Wallbox and Lyft?

Wallbox has partnered with Lyft to offer discounted EV charging solutions to Lyft drivers in the U.S. and Canada.

What products are available for Lyft drivers through Wallbox?

Lyft drivers can access discounted Level 2 home EV chargers, specifically the Pulsar Plus model in 40 Amp and 48 Amp options.

When was the Wallbox and Lyft partnership announced?

The partnership was announced in a press release on December 13, 2022.

How does the Wallbox and Lyft partnership impact EV adoption?

The partnership aims to improve access and affordability of home EV charging, addressing a key barrier to EV adoption.

What survey highlighted interest in EVs among Americans?

A Consumer Reports survey indicated that 71% of Americans are interested in owning or leasing electric vehicles.

Wallbox N.V.

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