Wallbox and Uber Extend Partnership to Boost Access to Home Chargers Across Europe

Rhea-AI Summary

Wallbox and Uber have partnered to provide discounted home EV chargers for Uber drivers in seven European countries, supporting the shift to electric vehicles.

Uber aims for a zero-emissions platform in Europe by 2030, with plans for 50% of its kilometers to be electric by 2025.

Drivers are adopting electric vehicles nearly five times faster than typical European car owners, with 6.2% of Uber's driven kilometers now fully electric. The partnership addresses the challenge of charging accessibility for these drivers.

Positive

• Partnership enhances access to EV chargers for Uber drivers, potentially increasing EV usage on platform.
• Target of 50% EV kilometers by 2025 aligns with broader sustainability goals.
• Supports Uber's commitment to become a zero-emissions platform by 2030.

Negative

• None.

• Wallbox has teamed up with Uber to support drivers on their transition to Electric Vehicles in seven European markets by providing exclusive discounts on home chargers.

• Uber aims to be a zero-emissions platform in Europe by 2030 and has an ambitious target of 50% EV Kms across seven key European Capitals cities by 2025.

• Drivers are going electric in Europe nearly 5x faster than average European private car owners.

• Through the partnership, drivers on the Uber platform, will be able to purchase a Wallbox home charger with installation for a discounted price

LONDON--(BUSINESS WIRE)-- Drivers on the Uber (NYSE:UBER) platform in seven European countries can now purchase discounted home EV chargers, as Wallbox (NYSE: WBX) – a leading provider of Electric Vehicle (EV) charging and energy management solutions worldwide – and Uber expand their partnership across the continent.

Wallbox and Uber Extend Partnership to Boost Access to Home Chargers Across Europe (Photo: Business Wire)

The partnership, which will operate in the UK, Germany, The Netherlands, Spain, France, Portugal and Belgium, builds on Wallbox and Uber’s partnership in the USA and Canada that was successfully launched in 2021.

Supporting drivers switching to electric is key to Uber’s ambition to become a zero emissions platform in Europe by 2030, with Uber aiming for 100% EV in cities such as London as early as 2025.

Drivers are going electric in Europe nearly 5x faster than average European private car owners, with 6.2% of Kms driven on the Uber platform across the region now being fully electric.

Access to charging, both at home and on-street, remains a key barrier for drivers making the switch. As part of the partnership, drivers on the Uber platform will be able to purchase a home charger plus installation from Wallbox at a discounted rate.

Masud Rabbani, CBO Wallbox, said:

“We are delighted to expand our successful partnership with Uber. At Wallbox, we want to make the transition to EV as smooth and simple for drivers as possible and we believe our products offer that to drivers on the Uber platform around Europe. We look forward to this partnership developing over the coming years.”

Chris Hook, Head of Global Sustainability Strategy at Uber, said:

“We want to be the cleanest mobility platform on the planet, becoming a 100% electric platform across Europe by 2030. Partnerships with private and public stakeholders will be key to this success.

“Drivers consistently tell us that lack of easily accessible charging is an important concern. By expanding our collaboration with Wallbox in Europe we hope this will help address this key barrier for switching to EVs and help ensure drivers can make the switch as seamlessly and as soon as possible.”

ENDS

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 users’ relationship to the grid. Wallbox goes beyond electric vehicle charging 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 110 countries.

Founded in 2015 and headquartered in Barcelona, the company now employs over 1000 people in its offices in Europe, Asia, and the Americas.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? Billions of trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities

Wallbox Forward Looking Statements
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 timing of Wallbox’s achievement of its emissions targets and goals. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will” 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, including those discussed under the caption “Risk Factors” in Wallbox’s Post-Effective Amendment No, 3 to Wallbox’s Registration Statement on Form F-1 (File No. 333-260652) Filed on September 28, 2022, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005564/en/

Press contact

Carme Orra

PR Manager Iberia

press@wallbox.com

0034 617.87.13.68

Source: Wallbox

FAQ

What is the partnership between Wallbox and Uber about?

Wallbox and Uber have teamed up to offer discounted home EV chargers for Uber drivers in seven European countries.

Which countries are involved in the Wallbox and Uber partnership?

The partnership operates in the UK, Germany, Netherlands, Spain, France, Portugal, and Belgium.

What are Uber's emissions goals in Europe by 2030?

Uber aims to become a zero-emissions platform in Europe by 2030, with 50% of its kilometers being electric by 2025.

How fast are Uber drivers going electric compared to typical car owners?

Uber drivers are adopting electric vehicles nearly five times faster than average European car owners.