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Wallbox Expands Fast-Charging in the UK Through Strategic Partnership with Believ

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Wallbox (NYSE: WBX) and EV charge point operator Believ have announced a strategic partnership to deploy rapid and ultra-rapid charging solutions across the United Kingdom. The collaboration will introduce Wallbox's DC fast charging portfolio, including 60kW, 120kW, 150kW, and 220kW Supernova models.

The partnership has already achieved its first milestone with an initial installation in Scotland, marking the beginning of a nationwide rollout. The charging stations will be strategically placed along major travel routes and at retail destinations where drivers typically spend less time.

Believ, supported by Liberty Global and Zouk Capital, which manages the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF), will utilize Wallbox's scalable technology to enhance the UK's charging infrastructure.

Wallbox (NYSE: WBX) e l'operatore di punti di ricarica per veicoli elettrici Believ hanno annunciato una partnership strategica per implementare soluzioni di ricarica rapida e ultra-rapida nel Regno Unito. La collaborazione introdurrà il portafoglio di ricarica rapida in corrente continua di Wallbox, inclusi i modelli Supernova da 60kW, 120kW, 150kW e 220kW.

La partnership ha già raggiunto il suo primo traguardo con un'installazione iniziale in Scozia, segnando l'inizio di un rollout a livello nazionale. Le stazioni di ricarica saranno posizionate strategicamente lungo le principali rotte di viaggio e presso destinazioni commerciali dove i conducenti tendono a trascorrere meno tempo.

Believ, supportata da Liberty Global e Zouk Capital, che gestisce il Fondo per gli Investimenti nelle Infrastrutture di Ricarica (CIIF) sostenuto dal Tesoro HM, utilizzerà la tecnologia scalabile di Wallbox per migliorare l'infrastruttura di ricarica nel Regno Unito.

Wallbox (NYSE: WBX) y el operador de puntos de carga para vehículos eléctricos Believ han anunciado una asociación estratégica para desplegar soluciones de carga rápida y ultra-rápida en el Reino Unido. La colaboración introducirá el portafolio de carga rápida en corriente continua de Wallbox, incluidos los modelos Supernova de 60kW, 120kW, 150kW y 220kW.

La asociación ya ha alcanzado su primer hito con una instalación inicial en Escocia, marcando el comienzo de un despliegue a nivel nacional. Las estaciones de carga se ubicarán estratégicamente a lo largo de las principales rutas de viaje y en destinos comerciales donde los conductores suelen pasar menos tiempo.

Believ, respaldada por Liberty Global y Zouk Capital, que gestiona el Fondo de Inversión en Infraestructura de Carga (CIIF) respaldado por el Tesoro HM, utilizará la tecnología escalable de Wallbox para mejorar la infraestructura de carga en el Reino Unido.

월박스 (NYSE: WBX)와 전기차 충전소 운영업체 Believ가 영국 전역에 빠르고 초고속 충전 솔루션을 배포하기 위한 전략적 파트너십을 발표했습니다. 이 협력은 월박스의 직류 고속 충전 포트폴리오를 도입하며, 60kW, 120kW, 150kW 및 220kW 슈퍼노바 모델이 포함됩니다.

파트너십은 스코틀랜드에서의 초기 설치로 첫 번째 이정표를 달성했으며, 이는 전국적인 배포의 시작을 의미합니다. 충전소는 주요 여행 경로와 운전자가 일반적으로 짧은 시간을 보내는 소매 목적지에 전략적으로 배치될 것입니다.

Believ는 HM 재무부가 지원하는 충전 인프라 투자 기금(CIIF)을 관리하는 Liberty Global과 Zouk Capital의 지원을 받아 월박스의 확장 가능한 기술을 활용하여 영국의 충전 인프라를 개선할 것입니다.

Wallbox (NYSE: WBX) et l'opérateur de points de charge pour véhicules électriques Believ ont annoncé un partenariat stratégique pour déployer des solutions de charge rapide et ultra-rapide à travers le Royaume-Uni. Cette collaboration introduira le portefeuille de charge rapide en courant continu de Wallbox, y compris les modèles Supernova de 60kW, 120kW, 150kW et 220kW.

Le partenariat a déjà atteint son premier jalon avec une installation initiale en Écosse, marquant le début d'un déploiement à l'échelle nationale. Les stations de charge seront stratégiquement placées le long des principales routes de voyage et dans des destinations de vente au détail où les conducteurs passent généralement moins de temps.

Believ, soutenue par Liberty Global et Zouk Capital, qui gère le Fonds d'Investissement dans l'Infrastructure de Charge (CIIF) soutenu par le Trésor HM, utilisera la technologie évolutive de Wallbox pour améliorer l'infrastructure de charge au Royaume-Uni.

Wallbox (NYSE: WBX) und der Betreiber von Ladestationen für Elektrofahrzeuge Believ haben eine strategische Partnerschaft angekündigt, um schnelle und ultraschnelle Ladelösungen im Vereinigten Königreich einzuführen. Die Zusammenarbeit wird das DC-Schnellladeportfolio von Wallbox einführen, einschließlich der Modelle Supernova mit 60kW, 120kW, 150kW und 220kW.

Die Partnerschaft hat bereits ihren ersten Meilenstein mit einer ersten Installation in Schottland erreicht, was den Beginn eines landesweiten Rollouts markiert. Die Ladestationen werden strategisch entlang wichtiger Reisewege und an Einzelhandelsstandorten platziert, an denen Fahrer typischerweise weniger Zeit verbringen.

Believ, unterstützt von Liberty Global und Zouk Capital, das den vom HM Treasury unterstützten Charging Infrastructure Investment Fund (CIIF) verwaltet, wird die skalierbare Technologie von Wallbox nutzen, um die Ladeinfrastruktur im Vereinigten Königreich zu verbessern.

Positive
  • Strategic expansion into UK market through partnership with established CPO
  • Deployment of comprehensive DC fast charging portfolio (60kW to 220kW)
  • First installation already completed in Scotland
  • Partnership backed by Liberty Global and HM Treasury-backed fund
Negative
  • None.

Insights

This strategic partnership represents a pivotal move in the UK's EV charging infrastructure landscape. The deployment of Wallbox's DC fast charging portfolio, spanning from 60kW to 220kW Supernova models, addresses a critical market gap in high-power charging availability. The UK currently faces a significant shortfall in rapid charging infrastructure, particularly along key travel corridors and retail locations where this partnership specifically targets.

The backing from Liberty Global and Zouk Capital's Charging Infrastructure Investment Fund (CIIF) provides substantial financial credibility and execution capability. This government-supported funding mechanism significantly de-risks the infrastructure rollout and could accelerate deployment timelines. The partnership's focus on scalable solutions is particularly strategic, allowing for capacity expansion as EV adoption increases, thus future-proofing the investment.

From a market perspective, the timing aligns with the UK's accelerating EV adoption rates and the government's 2030 ban on new petrol and diesel vehicle sales. The strategic selection of high-traffic locations and the emphasis on rapid charging addresses the 'range anxiety' barrier that often deters EV adoption. The initial Scottish installation demonstrates execution capability and suggests a well-planned geographical expansion strategy.

However, the success of this rollout will depend on several critical factors: the speed of deployment, strategic location selection, and competitive pricing structure. While Wallbox's technology offers impressive charging speeds, the real value proposition lies in the scalability and reliability of their solutions in real-world conditions. The partnership's ability to maintain consistent uptime and service quality across a distributed network will be important for long-term success.

Partnership Set to Accelerate UK's EV Charging Infrastructure with Advanced DC Fast Charging Technology

BARCELONA, Spain--(BUSINESS WIRE)-- Wallbox (NYSE: WBX), a global leader in electric vehicle charging and energy management solutions, and Electric Vehicle (EV) charge point operator (CPO), Believ, announced today a strategic partnership to roll out Wallbox’s rapid and ultra-rapid charge point solutions across the United Kingdom.

Wallbox Expands Fast-Charging in the UK Through Strategic Partnership with Believ (Photo: Business Wire)

Wallbox Expands Fast-Charging in the UK Through Strategic Partnership with Believ (Photo: Business Wire)

The partnership will introduce Wallbox's comprehensive DC fast charging portfolio, including the company's 60kW, 120kW, 150kW, and 220kW Supernova models, significantly expanding the availability of high-power charging options throughout the UK. These cutting-edge chargers are designed to meet the growing demand for rapid charging at strategic locations where drivers typically spend less time, such as along major travel routes and at popular retail destinations.

"Partnering with Believ allows us to bring our high-performance charging technology to more drivers across the UK, ensuring they have access to fast, reliable charging where they need it most," said Douglas Alfaro, Chief Fast Charging Officer at Wallbox. "With our scalable solutions, we’re not only addressing today’s charging needs but also supporting the UK’s transition to an electrified future.”

Wallbox's DC fast charging technology offers a future-proof solution that can be scaled to meet increasing demand, allowing charge point operators to efficiently expand their networks as EV adoption grows. The partnership has already achieved its first milestone with an initial installation in Scotland, marking the beginning of a nationwide rollout.

"Our goal is to deliver the robust infrastructure that not only serves existing EV drivers but also encourages more to make the transition away from petrol and diesel vehicles,” said Guy Bartlett, Chief Executive Officer at Believ. “Drivers need to see charging technology working well at convenient locations that serve regular journeys, as well as their favorite restaurants, coffee shops, and supermarket destinations. Crucial to this is that CPOs deliver the full range of charging speeds depending on site needs and driver dwell times."

Believ, backed by Liberty Global and Zouk Capital, which manages the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF), will leverage Wallbox's technology to enhance the UK's charging infrastructure. This collaboration represents a significant step in Wallbox's expansion in the UK market and reinforces the company's position as a leading provider of EV charging solutions globally.

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 Believ

Believ, the trading name of Liberty Charge Limited, is an electric vehicle (EV) charge point operator (CPO) on a mission to deliver cleaner air for all. It installs, operates and maintains all speeds of publicly accessible charge points at zero cost to both public and business sectors. Believ uses 100% renewable energy as part of its overarching passion and commitment to minimising the effects of climate change.

Believ is funded by Liberty Global Ventures and Zouk Capital, the manager of the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF). Believ partners with sister company Virgin Media O2 in the deployment of charging infrastructure, enabling the installation of charge points at scale and pace throughout the UK.

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; 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, 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.

Wallbox Media Contact:

Albert Cabanes

albert.cabanes@wallbox.com

Source: Wallbox

FAQ

What charging capacities will Wallbox (WBX) deploy in the UK through Believ partnership?

Wallbox will deploy DC fast chargers with capacities of 60kW, 120kW, 150kW, and 220kW Supernova models across the UK through the Believ partnership.

Where has the first Wallbox-Believ charging station been installed in 2024?

The first installation under the Wallbox-Believ partnership has been completed in Scotland.

What locations will the Wallbox-Believ charging network target in the UK?

The charging network will target strategic locations along major travel routes and popular retail destinations where drivers typically spend less time.

Who are the financial backers of the Wallbox-Believ partnership?

The partnership is backed by Liberty Global and Zouk Capital, which manages the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF).

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