Wallbox and Osprey Partner to Expand Reliable Public Charging in the UK

Rhea-AI Summary

Wallbox N.V. announces a strategic partnership with Osprey, a leading rapid EV charging network in the UK. The collaboration will begin with the installation of 125 units of Wallbox's Supernova DC rapid charger at Osprey low-voltage connection stations. The Supernova charger is designed for ease of use and reliability, offering a user-centric experience and scalable units to improve availability. Both companies aim to accelerate the transition to zero-emission transport.

• The commercial agreement will begin with the installation of 125 of Wallbox’s Supernova DC rapid chargers at Osprey low-voltage connection stations
• On average a Supernova will save 60.8 tons of CO2 over its lifecycle.

LONDON--(BUSINESS WIRE)-- Wallbox N.V. (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, has announced a strategic partnership with Osprey, one of the UK’s largest and leading rapid EV charging networks. The collaboration will begin by expanding the Osprey network with 125 units of Wallbox’s Supernova DC rapid charger coupled with WBX care program; offering preventative and corrective maintenance to their Supernova fleet.

Charge point availability and reliability are both crucial for consumer confidence in making the switch to electric vehicles. Wallbox’s Supernova rapid charger uses a modular design with a simple user-centric experience and payment process. This ensures that EV drivers get ease of use and a high standard of reliability, whilst charge point operators can scale the units easily to improve availability.

Both Wallbox and Osprey are committed to developing and deploying this reliable public charging at scale to accelerate the transition to zero-emission transport.

“We are excited to partner with Osprey to offer EV drivers across the UK access to a reliable DC charging network,” said Phil Bond, DC Key Account Manager UK+IE. “Designed to fit into a wide variety of locations, the first 125 Supernova rapid chargers will be deployed in more than 15 locations across the UK.”

“Our partnership with Wallbox enables us to increase the number of rapid chargers we can easily install at locations with low-voltage connections,” said Lewis Gardiner, Head of Operations, Osprey Charging Network. “Wallbox’s Supernova rapid charger meets our needs for power availability, ease of installation and maintenance, while offering the seamless experience we expect as standard for our customers.”

The first chargers installed as part of this collaboration recently went live at Towneley Garden Centre, Burnley.

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 115 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit www.wallbox.com.

About Osprey Charging Network

Osprey Charging Network is a UK-wide, rapid electric vehicle charging network. Osprey fund, install and manage their network on behalf of landlord partners and on their own land. The Osprey network is built to be reliable and easy to use for all drivers. All Osprey chargers accept contactless payment, App payments, RFID payments and payment through all major third-party payment methods including fleet cards. Every charging point is also powered by 100% renewable electricity. More information on Osprey can be found at ospreycharging.co.uk.

Forward Looking Statement

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231106236423/en/

Wallbox PR Contact:

Elyce Behrsin

Global Head of Public Relations

press@wallbox.com



Wallbox Investor Contact:

Matt Tractenberg

VP, Investor Relations

Matt.Tractenberg@wallbox.com

+1 404-574-1504

Source: Wallbox

FAQ

What is the strategic partnership announced by Wallbox N.V.?

Wallbox N.V. has announced a strategic partnership with Osprey, one of the UK's largest and leading rapid EV charging networks.

How will the collaboration between Wallbox and Osprey begin?

The collaboration will start with the installation of 125 units of Wallbox's Supernova DC rapid charger at Osprey low-voltage connection stations.

What are the key features of Wallbox's Supernova rapid charger?

The Supernova charger offers a modular design, a simple user-centric experience, and a payment process. It is designed for ease of use and reliability.

What is the goal of the partnership between Wallbox and Osprey?

Both companies aim to develop and deploy reliable public charging at scale to accelerate the transition to zero-emission transport.

Where will the first 125 Supernova rapid chargers be deployed?

The first 125 Supernova rapid chargers will be deployed in more than 15 locations across the UK.