Wallbox Expands Commercial Offering in North America Through ChargeLab Partnership

Rhea-AI Summary

Wallbox (NYSE: WBX) and ChargeLab have announced a strategic partnership to streamline commercial EV charger deployments across North America. The collaboration integrates Wallbox's hardware with ChargeLab's smart software, offering distributors a bundled solution. Wallbox's Pulsar Pro Level 2 charger and Supernova 180 DC fast chargers will come pre-configured with ChargeLab software, unlocking features like power management, pricing functionality, and access control.

The partnership aims to simplify and enhance the experience for distributors, Charge Point Operators, and end users. The Supernova 180 offers 180 kW power, adding 100 miles of range in under ten minutes. The Pulsar Pro, designed for commercial installations, includes RFID and is ISO 15118 plug and charge ready. The bundle offering includes exclusive access to specially priced software for all Wallbox units.

Positive

• Strategic partnership with ChargeLab expands Wallbox's commercial offering in North America
• Integration of Wallbox hardware with ChargeLab software provides a comprehensive EV charging solution
• Supernova 180 DC fast charger can add 100 miles of range in under ten minutes
• Pulsar Pro offers advanced features for commercial installations
• Bundle offering includes exclusive access to specially priced software

Negative

• None.

Tech Expert

This partnership between Wallbox and ChargeLab represents a significant advancement in the EV charging infrastructure space. By combining advanced hardware with smart software, this collaboration aims to address current market needs and set the stage for future growth.

The Supernova 180, known for its reliability and efficiency, can add 100 miles of range in under ten minutes. This is important for high-traffic areas such as public charging networks and workplaces, where quick turnaround times are essential. The ability to charge two EVs simultaneously at 90 kW can also help mitigate congestion at charging stations. All these features align well with the growing demand for faster charging solutions as EV adoption increases.

The Pulsar Pro is tailored for commercial installations and shared spaces, making it suitable for multi-family dwellings and office complexes. It features RFID for secure access and supports ISO 15118 for seamless 'Plug and Charge' functionality. These aspects make it a future-proof solution that can adapt to evolving user needs and regulatory requirements. The integration with ChargeLab's software allows for efficient load balancing and flexible pricing, enhancing the overall user experience and operational efficiency.

In summary, this collaboration provides a comprehensive solution that addresses various aspects of EV charging—from speed and efficiency to security and smart management. For investors, this indicates a strategic move by Wallbox to solidify its presence in the North American market, potentially driving revenue growth and market share.

Market Research Analyst

The strategic partnership between Wallbox and ChargeLab is a noteworthy development in the EV charging market, particularly in North America. This collaboration could significantly impact the competitive landscape by offering a bundled solution that integrates cutting-edge hardware with advanced software capabilities.

One of the key advantages of this partnership is the ability to offer a holistic commercial solution. The bundles will come pre-configured with ChargeLab's software, which includes features like power management, pricing functionality and access control. These are critical for commercial deployments where efficiency and cost-effectiveness are paramount. For instance, power management through load balancing can help optimize energy usage, potentially lowering operational costs for businesses and site hosts.

From a market perspective, this partnership positions Wallbox to better meet the needs of various customer segments, including workplaces, multi-family dwellings and public charging networks. The ability to offer tailored solutions for different use cases can enhance customer satisfaction and loyalty. This, in turn, can lead to increased market penetration and revenue growth for Wallbox.

Moreover, the strategic nature of this partnership suggests a forward-thinking approach by both companies. By integrating their product offerings, they can better address the evolving needs of the market, which is increasingly leaning towards smart, efficient and scalable solutions. This could create a competitive advantage for Wallbox, setting it apart from other players in the market.

The strategic partnership will give distributors access to hardware and software bundles that include Wallbox’s DC fast charger, Supernova 180, and their commercial Level 2 charger Pulsar Pro.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging solutions, and ChargeLab, a pioneering EV charging software provider, announce a strategic partnership to streamline commercial EV charger deployments across North America. This collaboration integrates cutting-edge hardware and smart software to offer distributors a bundled solution.

Wallbox expands commercial offering in North America through ChargeLab partnership (Photo: Business Wire)

Under the terms of this partnership, Wallbox’s Pulsar Pro Level 2 charger and Supernova 180 DC fast chargers sold as part of this bundled offering will come pre-configured to utilize ChargeLab software through OCPP. This integration unlocks a plethora of smart charging features, including power management (load balancing), pricing functionality for charger monetization, and access control. The combined solution is an ideal choice for charging deployments in workplaces, multi-family dwellings, and public charging networks.

"Following the successful launch of our Supernova 180 in North America, we are excited to announce our partnership with ChargeLab which will allow us to offer customers in a number of key locations across North America, a holistic commercial solution.” said Fred Turner, Senior Director at Wallbox North America. “The integration of ChargeLab’s advanced software with our state of the art chargers will simplify and enhance the overall experience for distributors, Charge Point Operators and end users, ultimately helping to accelerate the transition to electric vehicles.”

"The partnership between Wallbox and ChargeLab marks a significant milestone in the evolution of EV chargers as a product line for electrical distributors," remarked Zak Lefevre, CEO of ChargeLab. "By integrating our smart software capabilities with Wallbox's top-of-the-line hardware, we are empowering the market with a holistic solution that not only meets current needs but also paves the way for future scale.”

Supernova 180: Supernova’s award-winning and compact design, ensures reliability and efficiency for all stakeholders. With 180 kW power, Supernova 180 can add a 100 miles of range in under ten minutes, or power two EVs simultaneously at 90 kW each. To date Wallbox has installed over 2,000 Supernova’s worldwide.

Pulsar Pro: Pulsar Pro is the latest addition to Wallbox’s Pulsar family, the company’s globally best selling product line. Designed for commercial installations and shared spaces, the Pulsar Pro includes RFID, is ISO 15118 plug and charge ready, and offers higher processing speeds for better performance.

ChargeLab CSMS: The future of EV charger management, built by EV drivers for EV drivers. ChargeLab CSMS is an OCPP-compliant, cloud-based service for connecting and managing EV chargers. It includes streamlined web apps for EV drivers, a powerful dashboard for site hosts, compliance with North American regulations, plus back-office services like 24/7 support, API access, and more.

The bundle offering will include exclusive access to specially priced software that can be bundled with all units from the Wallbox range.

For more information about the partnership and the bundled offerings, please visit www.chargelab.co and www.wallbox.com.

About Wallbox:

Wallbox is a global technology company, dedicated to changing how 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 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 ChargeLab:

ChargeLab builds a hardware-agnostic software platform for managing electric vehicle chargers. Their mission is to solve smart EV charging at scale. ChargeLab’s customers include fleets, building owners, convenience stores, and utilities. They leverage ChargeLab’s charging station management system (CSMS) and open APIs to manage thousands of EV chargers more efficiently.

Founded in 2016, ChargeLab has offices across North America. For more information, visit www.chargelab.co.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717492489/en/

Elyce Behrsin

Head of Public Relations, Wallbox

press@wallbox.com



Ariel Maidansky,

Head of Revenue, ChargeLab

press@chargelab.co

1 (800) 636-0986 ext. 210

Source: Wallbox

FAQ

What is the partnership between Wallbox (WBX) and ChargeLab?

Wallbox (WBX) and ChargeLab have formed a strategic partnership to streamline commercial EV charger deployments across North America by integrating Wallbox's hardware with ChargeLab's smart software, offering distributors a bundled solution.

What features does the Wallbox-ChargeLab bundled solution offer?

The bundled solution offers smart charging features including power management (load balancing), pricing functionality for charger monetization, and access control, suitable for charging deployments in workplaces, multi-family dwellings, and public charging networks.

What are the key specifications of Wallbox's Supernova 180 DC fast charger?

The Supernova 180 DC fast charger offers 180 kW power, can add 100 miles of range in under ten minutes, and can power two EVs simultaneously at 90 kW each. Wallbox has installed over 2,000 Supernovas worldwide.

What features does the Wallbox Pulsar Pro offer for commercial installations?

The Wallbox Pulsar Pro, designed for commercial installations and shared spaces, includes RFID, is ISO 15118 plug and charge ready, and offers higher processing speeds for better performance.