BARCELONA, November 13, 2023--(BUSINESS WIRE)--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.
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
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
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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