Wallbox, a leading provider of electric vehicle (EV) charging
and energy management solutions worldwide is accelerating its
partnership with Sonepar, the world’s leading B-to-B distributor of
electrical products, solutions, and related services with a
footprint spanning 40 countries, by closing their ninth local
partnership with Elektroskandia Sverige, a Sonepar Company, in
Sweden.
This partnership advances the energy transition by granting
installers access to cutting-edge, user-friendly, and efficient
charging solutions. The EV charging market is on an electrifying
trajectory, with growth figures reshaping the transportation
landscape. Sonepar and Wallbox established their partnership in
2022, and their joint efforts have since resulted in growth into
multiple countries, including the USA, Spain, Italy, Switzerland,
France, Canada, Austria, and the Netherlands.
Equipped with Wallbox’s extensive portfolio of AC and DC
electric vehicle charging and energy management solutions for
residential, commercial, and public segments - areas where Sonepar
is continuing to grow - the Group is enabling its customer base to
provide end-users with the necessary tools to deliver a
best-in-class EV charging experience, monitor energy consumption,
save costs, and operate in a more sustainable manner.
Artur Puzinas, International Market Director, Sonepar
stated, “Sonepar is uniquely positioned at the heart of the
electrical ecosystem, where transport plays a pivotal role in
accelerating the energy transition. Collaborating with eMobility
experts like Wallbox is paramount to driving this change. We
believe that Wallbox is aligned with the Group's ambitious and
strategic goal of becoming a key industry player, supporting an
agile and innovative energy transition.”
Douglas Alfaro, Chief Business Officer at Wallbox stated,
“There are a number of synergies between our two companies
including our shared global presence. Installers are key to the EV
transition, and in many markets play a crucial role in customers'
decision-making process. We are excited to continue to expand our
partnership with Sonepar to offer installers smart and efficient
charging solutions.”
Sonepar and Wallbox are committed to driving innovation and
sustainability within the electrical industry. Together, the
companies are well-positioned to help enable a greener and more
sustainable future for all.
About Sonepar
Sonepar is an independent family-owned company with global
market leadership in B-to-B distribution of electrical products,
solutions, and related services. Through a dense network of brands
spanning 40 countries, the Group has an ambitious transformation
agenda to become the first global B-to-B electrical distributor to
provide a fully digitalized and synchronized omnichannel experience
to all customers. Drawing on the skill and passion of its 44,000
associates, Sonepar had sales of €32.4 billion in 2022. Sonepar
makes its customers’ lives easier, over the counter, visiting
customers, by phone or online, – however we’re needed.
www.sonepar.com
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 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
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231113815271/en/
Press Contact - Sonepar Matt Pothecary Chief
Communications Officer and Sustainability
matt.pothecary@sonepar.com Wallbox Public Relations Contact:
Elyce Behrsin Public Relations Press@wallbox.com Wallbox
Investor Relations Contact: Matt Tractenberg VP, Investor
Relations Matt.Tractenberg@wallbox.com +1 404-574-1504
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