Wallbox Launches in Canada

Rhea-AI Summary

Wallbox (NYSE:WBX) announced the launch of its popular Pulsar Plus EV charger in Canada, marking its 84th global market entry. The launch follows the successful introduction in the US, where it became the top-selling charger on Amazon in its first three months. The Pulsar Plus, designed for home use, is compatible with all EVs and features advanced connectivity options, including Bluetooth and Wi-Fi. Customers can purchase through Amazon.ca and directly from Wallbox's website starting Spring 2022, supporting Canada's growing EV market.

Positive

• Successful entry into the Canadian market, expanding Wallbox's reach to 84 global markets.
• Pulsar Plus became the number one best-selling charger on Amazon in the US within three months.
• EV adoption trend in Canada with nearly 70% of Canadians considering EV for their next vehicle.
• Pulsar Plus features advanced technology, including flexible amperage settings and home energy management capabilities.

Negative

• None.

Wallbox’s best-selling charger, Pulsar Plus, will be sold in Canada

Electric Vehicle drivers in Canada will be able to purchase Wallbox products through Amazon.ca

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, announced that it would begin selling its global best-selling charger, Pulsar Plus, in Canada.

The announcement comes within a year of the company’s successful entry to the US market in February 2021, where, within its first three months on the market, Pulsar Plus became the number one best-selling charger on Amazon. Wallbox has begun selling chargers to all provinces in Canada through Amazon.ca and business to business sales channels.

“Studies show that nearly seven in ten Canadians intend to make their next vehicle purchase an EV. As we are seeing more EV charging happen in the home, we made the strategic decision to enter the market with our smart home EV charger, Pulsar Plus, which has been specifically adapted for the North America market,” said Douglas Alfaro, General Manager of Wallbox, North America. “Canada marks the 84th market for Wallbox globally and is an important milestone for our growth in North America. We look forward to supporting Canadians as they make the transition to sustainable transportation.”

Pulsar Plus (40 Amp and 48 Amp) - Wallbox’s best-selling home charger worldwide is compatible with all EVs, including Teslas. Features include flexible amperage setting, Bluetooth and Wi-Fi connectivity, charge scheduling, power sharing, and voice control via Amazon Alexa and Google Home. Both chargers come standard with myWallbox and can utilise the company's home energy management features, Eco-Smart and Power Boost. Pulsar Plus is tested to Canadian and US standards by UL

Canadian customers will also be able to purchase Wallbox products directly through the Wallbox website from Spring 2022.

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 80 countries.

Founded in 2015 and headquartered in Barcelona, the company now employs over 700 people in its offices in Europe, Asia, and the Americas.

For additional information, please visit www.wallbox.com.

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 points of sale and availability of Wallbox’s charges. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" 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. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s 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 the factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, 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/20220120005494/en/

Elyce Behrsin

Public Relations Manager, Wallbox

press@wallbox.com

Source: Wallbox

FAQ

What is the Pulsar Plus charger by Wallbox?

The Pulsar Plus is Wallbox's best-selling home EV charger, compatible with all electric vehicles and equipped with advanced features like Bluetooth and Wi-Fi connectivity.

When will Wallbox's products be available in Canada?

Wallbox has started selling its products in Canada through Amazon.ca and will offer direct sales from its website starting Spring 2022.

What market does Wallbox intend to target with the Pulsar Plus?

Wallbox is targeting the Canadian market as part of its strategic expansion in North America, responding to the increasing demand for home EV chargers.

How has the Pulsar Plus performed in other markets?

The Pulsar Plus became the number one best-selling EV charger on Amazon in the US within three months of its launch.

What are the features of the Pulsar Plus charger?

The Pulsar Plus offers flexible amperage settings, Bluetooth and Wi-Fi connectivity, charge scheduling, and integration with smart home systems.