By Colin Kellaher

 

Shares of Wallbox N.V. rose more than 40% in premarket trading Tuesday after the provider of electric-vehicle charging systems said it was launching a pilot program with ride-share giant Uber Technologies Inc.

The companies said the program is aimed at helping local Uber drivers in California's Bay Area purchase and install Wallbox home electric-vehicle chargers.

Wallbox will offer Uber drivers a discounted package for a charger, installation and a financing option, the companies said.

Uber noted that the partnership is part of its recent commitment to becoming a 100% zero-emissions mobility platform in the U.S., Canada and Europe by 2030.

Shares of Wallbox, which went public earlier this month through a combination with blank-check company Kensington Capital Acquisition Corp. II, were recently up 44.1% to $16 in premarket trading.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 26, 2021 09:08 ET (13:08 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Uber Technologies (NYSE:UBER)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Uber Technologies Charts.
Uber Technologies (NYSE:UBER)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Uber Technologies Charts.