Wallbox Announces $45 Million Strategic Investment
Wallbox (NYSE: WBX), a leader in smart EV charging and energy management solutions, has secured a $45 million strategic investment. The investment is led by Generac Power Systems (NYSE: GNRC), contributing $35 million, with additional funding from existing shareholders. This move strengthens Wallbox's balance sheet and accelerates its manufacturing and sales capabilities, particularly in the North American market.
The partnership with Generac enhances Wallbox's strategy, leveraging Generac's 8,000+ authorized installers and integration capabilities. This investment marks Generac's second minority stake in Wallbox, aligning with their commercial relationship announced in December. The collaboration aims to accelerate Generac's 'Powering A Smarter World' strategy and provide deeper access to Wallbox's technology for Generac's distribution partners.
Wallbox (NYSE: WBX), leader nelle soluzioni di ricarica intelligente per veicoli elettrici e gestione dell'energia, ha ottenuto un investimento strategico di 45 milioni di dollari. L'investimento è guidato da Generac Power Systems (NYSE: GNRC), che contribuisce con 35 milioni di dollari, insieme a finanziamenti aggiuntivi da azionisti esistenti. Questa mossa rafforza il bilancio di Wallbox e accelera le sue capacità di produzione e vendita, in particolare nel mercato nordamericano.
La partnership con Generac potenzia la strategia di Wallbox, sfruttando i oltre 8.000 installatori autorizzati e le capacità di integrazione di Generac. Questo investimento segna la seconda partecipazione minoritaria di Generac in Wallbox, allineandosi con la loro relazione commerciale annunciata a dicembre. La collaborazione punta ad accelerare la strategia 'Powering A Smarter World' di Generac e a fornire un accesso più profondo alla tecnologia di Wallbox per i partner di distribuzione di Generac.
Wallbox (NYSE: WBX), líder en soluciones inteligentes de carga de vehículos eléctricos y gestión de energía, ha asegurado una inversión estratégica de 45 millones de dólares. La inversión es liderada por Generac Power Systems (NYSE: GNRC), que contribuye con 35 millones, junto con financiación adicional de accionistas existentes. Este movimiento fortalece el balance de Wallbox y acelera sus capacidades de fabricación y ventas, particularmente en el mercado norteamericano.
La asociación con Generac mejora la estrategia de Wallbox, aprovechando los más de 8,000 instaladores autorizados y las capacidades de integración de Generac. Esta inversión marca la segunda participación minoritaria de Generac en Wallbox, alineándose con su relación comercial anunciada en diciembre. La colaboración busca acelerar la estrategia 'Powering A Smarter World' de Generac y proporcionar un acceso más profundo a la tecnología de Wallbox para los socios de distribución de Generac.
Wallbox (NYSE: WBX), 스마트 전기차 충전 및 에너지 관리 솔루션의 리더가 4,500만 달러의 전략적 투자를 확보했습니다. 이 투자는 Generac Power Systems (NYSE: GNRC)에서 주도를 하며, 3,500만 달러를 기여하고 기존 주주들로부터 추가 자금이 지원됩니다. 이러한 움직임은 Wallbox의 재무 구조를 강화하고 특히 북미 시장에서의 제조 및 판매 능력을 가속화합니다.
Generac과의 파트너십은 Generac의 8,000명 이상의 공인 설치업체 및 통합 능력을 활용하여 Wallbox의 전략을 강화합니다. 이 투자는 Generac의 Wallbox에 대한 두 번째 소수 지분으로, 12월에 발표된 상업적 관계와 일치합니다. 협업은 Generac의 '더 스마트한 세상을 위한 전력 공급' 전략을 가속화하고 Generac의 유통 파트너를 위한 Wallbox 기술에 대한 더 깊은 액세스를 제공합니다.
Wallbox (NYSE: WBX), un leader dans les solutions de charge intelligente pour véhicules électriques et de gestion de l'énergie, a sécurisé un investissement stratégique de 45 millions de dollars. Cet investissement est dirigé par Generac Power Systems (NYSE: GNRC), qui contribue à hauteur de 35 millions de dollars, avec un financement supplémentaire de la part des actionnaires existants. Ce mouvement renforce le bilan de Wallbox et accélère ses capacités de fabrication et de vente, en particulier sur le marché nord-américain.
Le partenariat avec Generac renforce la stratégie de Wallbox, en s'appuyant sur les plus de 8 000 installateurs autorisés et les capacités d'intégration de Generac. Cet investissement marque le deuxième engagement minoritaire de Generac dans Wallbox, s'alignant sur leur relation commerciale annoncée en décembre. La collaboration vise à accélérer la stratégie 'Powering A Smarter World' de Generac et à offrir un accès plus approfondi à la technologie de Wallbox pour les partenaires de distribution de Generac.
Wallbox (NYSE: WBX), ein führendes Unternehmen für intelligente Elektrofahrzeug-Lade- und Energiemanagementlösungen, hat eine strategische Investition von 45 Millionen Dollar gesichert. Die Investition wird von Generac Power Systems (NYSE: GNRC) angeführt, das 35 Millionen Dollar beiträgt, zusätzlich fließen Mittel von bestehenden Aktionären. Dieser Schritt stärkt die Bilanz von Wallbox und beschleunigt die Produktions- und Verkaufsfähigkeiten, insbesondere im nordamerikanischen Markt.
Die Partnerschaft mit Generac stärkt die Strategie von Wallbox, indem sie auf die über 8.000 autorisierten Installateure und Integrationsfähigkeiten von Generac zurückgreift. Diese Investition markiert Generacs zweiten Minderheitsanteil an Wallbox und steht im Einklang mit ihrer im Dezember angekündigten Geschäftsbeziehung. Die Zusammenarbeit zielt darauf ab, Generacs Strategie 'Powering A Smarter World' zu beschleunigen und den Vertriebspartnern von Generac einen tieferen Zugang zur Technologie von Wallbox zu ermöglichen.
- Secured $45 million strategic investment, strengthening balance sheet
- Partnership with Generac provides access to 8,000+ authorized installers
- Accelerates manufacturing and sales capabilities, especially in North America
- Enhances integration with Generac's energy management systems
- Potential dilution of existing shareholders due to new share issuance
Insights
This $45 million strategic investment in Wallbox (NYSE: WBX) is a significant development that could reshape the company's trajectory in the competitive EV charging market. The investment, led by Generac Power Systems (NYSE: GNRC) with
The injection of capital comes at a critical time for Wallbox, potentially accelerating its manufacturing capabilities and sales efforts, particularly in the lucrative North American market. This move could help Wallbox capture a larger market share in a rapidly growing industry. The partnership with Generac, leveraging their 8,000+ authorized installers, could significantly boost Wallbox's distribution network and integration capabilities.
However, investors should note that this investment comes through a private placement of Class A ordinary shares, which will result in dilution for existing shareholders. The issuance of 36,334,277 new shares at approximately
Long-term, this strategic alliance with Generac could prove transformative for Wallbox, potentially leading to enhanced product offerings and market penetration. The repeated investment by Generac signals strong confidence in Wallbox's technology and future prospects. Investors should watch for details on how this capital will be deployed and any updates on the Generac partnership during Wallbox's upcoming Q2 earnings call on August 1.
The strategic investment in Wallbox underscores a broader trend in the EV charging industry towards consolidation and strategic partnerships. This move positions Wallbox to potentially leapfrog competitors in the North American market, which is experiencing rapid growth due to increasing EV adoption rates and supportive government policies.
The deepening relationship with Generac is particularly noteworthy. Generac's expertise in power systems and energy management solutions could enable Wallbox to develop more integrated and sophisticated charging solutions, potentially differentiating its offerings in a crowded market. The ability to integrate Wallbox chargers with Generac's energy management systems could be a unique selling point, especially as the concept of vehicle-to-grid (V2G) technology gains traction.
However, the market should be aware of potential challenges. The EV charging space is becoming increasingly competitive, with both established players and new entrants vying for market share. Wallbox will need to leverage this investment effectively to maintain its technological edge and expand its market presence.
Investors should also consider the broader economic context. While the EV market is growing, it's not immune to economic headwinds. Any slowdown in EV adoption rates could impact demand for charging solutions. Nevertheless, this strategic investment and partnership could provide Wallbox with a buffer against market volatility and position it for long-term growth in the evolving energy landscape.
The investment is led by Generac Power Systems and includes existing Wallbox shareholders
This investment strengthens Wallbox’s balance sheet and provides capital to accelerate the company’s ability to manufacture and sell more of their award-winning chargers throughout the world, particularly in the fast-growing North American market. The partnership with Generac further enhances this strategy given their 8,000+ authorised installers and ability to integrate with other Generac energy management systems.
This is the second minority investment Generac has made in Wallbox, and aligns with the companies’ commercial relationship, announced December last year along with the recent addition of Paolo Campinoti, Executive Vice President at Generac International to the Wallbox board of directors. Aside from Generac, the investment includes additional funding from a number of long-standing shareholders.
“We’re excited to announce this strategic investment in Wallbox, further strengthening our balance sheet, and positioning the company for long-term capital appreciation,” said Enric Asuncion, CEO and cofounder of Wallbox. “This investment is testament to our shareholders' trust in the ongoing success of the company. As we continue to expand our commercial relationship with Generac, we are glad to see their ongoing commitment to continued collaboration and growth.”
“This additional investment and expanded relationship with Wallbox further accelerates our Powering A Smarter World enterprise strategy,” said Aaron Jagdfeld, President and CEO of Generac. “Our strategic alliance provides Generac and our distribution partners deeper access to Wallbox’s best in class technology and will enable deeper integration of Wallbox EV chargers into our residential and C&I energy ecosystem.”
More details regarding the investment and the commercial activity with Generac will be shared during Wallbox’s Q2 earnings call on August 1 at 8:00 AM ET (2:00 PM CET). Please visit this link, which is also accessible on the ‘Events & Presentations’ section of the Company’s investor relations website, investors.wallbox.com, to register for and join the webcast and access the accompanying presentation materials.
The private placement of its Class A ordinary shares pursuant to which Wallbox will sell 36,334,277 Class A ordinary shares for aggregate gross proceeds of
About Wallbox Chargers
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 100 countries around the world. Founded in 2015 in
For more information 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 partnership with Generac, the company’s financials and expected growth and synergies. 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; losses or disruptions in Wallbox’s supply or manufacturing partners; 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, 2023, 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
press@wallbox.com
Wallbox IR Contact:
Michael Wilhelm
investors@wallbox.com
Source: Wallbox
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