Wallbox

Wallbox is a Spanish EV charging infrastructure manufacturer. The company’s flagship product Wallbox Pulsar Plus is a level 2 smart EV charger for residential use. Pulsar Plus sets itself apart from its competition through its smaller size (166 mm x 163 mm x 82 mm vs. 345 mm x 155 mm x 110 mm of Tesla’s Wall Connector). The company also offers Quasar, a DC bidirectional charger for home use, which uses vehicle-to-grid (V2G) technology to power the home or grid using surplus energy from EVs; Supernova and Hypernova, DC fast and ultrafast chargers for public use; and a suite of AC charging solutions and smart energy management software.

Wallbox sold more than 360,000 charging units as of August 2022 and revenue growth for 2Q2022 was more than 124% YoY. The company operated nine offices across three continents and had a presence in more than 80 countries. The company manufactured its products in Europe and China and was developing a US manufacturing facility in Arlington, Texas , expected to begin production in 2022. 

In August 2022 , the company announced two acquisitions: 1) COIL, an EV charging installer, to provide in-house installation and maintenance services for commercial, public, and residential charging applications, and 2) ARES Electronics, a provider of printed circuit boards, to expand Wallbox’s design and manufacturing capabilities. In October 2023 , Wallbox acquired ABL, an EV-charging solutions provider in Germany, for ~EUR 15 million (USD 15.8 million).

Wallbox was listed on NYSE through a SPAC merger in October 2021. The deal raised USD 252 million. The proceeds were expected to support the company’s strategic growth initiatives, including accelerated expansion in the US by increasing investment in product development and certifications. The company’s full-year 2022 revenue guidance is EUR 175 million–195 million (USD 180 million–201 million), a 145%–170% YoY increase.