Uber And Wallbox Team Up On The Road To Zero Emissions

Pilot program in California's Bay Area helps local Uber drivers purchase and install Wallbox home electric vehicle (EV) chargers
Published: Oct. 26, 2021 at 7:00 AM CDT

MOUNTAIN VIEW, Calif. and SAN FRANCISCO, Oct. 26, 2021 /PRNewswire/ -- Uber (NYSE: UBER), a global mobility and delivery platform, and Wallbox N.V. (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced a strategic partnership to simplify the transition to EVs for Bay Area ride share drivers using Uber.

Wallbox Logo (PRNewsfoto/Wallbox)
Wallbox Logo (PRNewsfoto/Wallbox)

The partnership between Uber and Wallbox is part of Uber's recent commitment to becoming a 100% zero-emissions mobility platform in the US, Canada and Europe by 2030.

Since 80% of EV charging happens at home, the intent of this partnership is to provide drivers using Uber with an easy-to-use and affordable one-stop shop for home charging solutions. As part of the partnership, Wallbox will offer drivers with Uber a discounted package for a Wallbox charger, seamless installation and the option to finance the package.

Aside from its proximity to both Uber's HQ and Wallbox's North American HQ, the Bay Area was chosen for the pilot program as the majority of properties in the area are conducive to home charging, and the area is seeing a rise in the uptake of EVs. If the pilot proves successful, the partnership will be rolled out to other regions in the US, Canada and globally.

Wallbox's worldwide best-selling charger, Pulsar Plus, became an Amazon US Best Seller in just a few months. Pulsar Plus is the smallest smart home EV charger in the U.S., and is compatible with all EVs, including Teslas and can be installed in homes, apartments, and other multi-unit dwellings.

"Demand for EVs is rapidly increasing here in the US.  To help accelerate the transition to more sustainable transportation, we need to continue to make charging accessible," said Douglas Alfaro, General Manager for Wallbox North America. "Uber is a tech company at the heart of transport here in California, so it was natural for us to team up with them to give drivers using the platform access to smart at-home solutions."

"Climate is a team sport and Uber is committed to doing our part to expedite the transition to zero-emissions mobility," said Uber SVP of Mobility and Business Operations Andrew Macdonald. "Making electric vehicle charging solutions available at scale is essential to achieving our goals and we are excited to partner with Wallbox on this mission."

About Wallbox Chargers
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 60 countries. Founded in 2015, with headquarters in Barcelona, Wallbox's mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 500 people in Europe, Asia, and the Americas.

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

Wallbox PR Contact:
Colleen Robar

Wallbox IR Contact:
Eduardo Royes

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. Forward-looking statements generally relate to future events or Wallbox's future financial or operating performance. For example, forward-looking statements include but are not limited to [●]. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "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: Wallbox's history of operating losses as an early stage company; the adoption and demand for electronic 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; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; and other important factors discussed under the caption "Risk Factors" in Wallbox's final prospectus on Form 424(b)(3) filed with the SEC on September 20, 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]/[presentation [(and the accompanying oral statements)]]. 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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