Photo credit: Wallbox

Uber Canada, the largest mobility platform in Canada and globally, and Wallbox (WBX:NYSE), 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 rideshare drivers using Uber in Canada. 

The partnership will provide drivers on the Uber platform a discounted package for a Wallbox Pulsar Plus charger and installation. This discount is in addition to any incentives or rebates offered by utilities or governments. 

To streamline the experience for drivers, Wallbox’s installation partner will help drivers navigate the EV installation process, which can be particularly helpful for those who rent or live in multi-dwelling units.  

Since over 80% of EV owners charge at home according to Natural Resources Canada, 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. Charging at home can reduce the total cost of ownership by up to 25% depending on electricity prices of a province, time of day for charging, and the price of charging publicly in a province. 

In Canada, the rollout is expected to follow three phases: the first covering Vancouver starting today, the second covering Toronto the first week of May, and the final phase covering the rest of the country by fall. This partnership first began in the California Bay Area in October 2021 and quickly expanded across the US. 

“We are thrilled to be partnering with Uber Canada in the transition to electric transportation,” said Douglas Alfaro, General Manager for Wallbox North America. “We know that about 80% of charging happens at home, so simplifying home charging is essential if we want to accelerate the transition.”

“Helping drivers go electric is a critical part of our plan to become a fully-electric, zero-emissions platform in Canada,” said Laura Miller, Head of Policy and Communications for Uber Canada. “This partnership with Wallbox helps drivers by making it more affordable and accessible to charge their EVs.”

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

This partnership is another example of Uber Canada’s ongoing work to become a zero-emission platform in major cities in Canada by 2030. Earlier this year, Uber Canada announced a partnership with Plug’n Drive which provides drivers the opportunity to learn about the total cost of owning an EV and the benefits of making the switch from gas to electric. Last fall, Uber Canada also announced Uber+Transit as a pilot in the Greater Toronto Area. By looking at transit schedules and availability with UberX, Uber will suggest a combined route that’s both convenient and affordable.    

 

About Wallbox 

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 98 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 900 people 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 installation process and expected rollout of the partnership. 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: 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; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; risks related to the conflict between Russia and Ukraine 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 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.