Wallbox Announces Nationwide Expansion at Best Buy

Wallbox’s Pulsar Plus is now available for purchase on BestBuy.com and in select stores coming soon

Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced a nationwide expansion with Best Buy, on BestBuy.com and in select stores, for its Pulsar Plus EV chargers.

Wallbox and Best Buy are teaming up to offer smart EV home chargers and meet the growing demands of their customers looking to make the transition to a more electric lifestyle. The expansion with Best Buy allows consumers to easily find and purchase Pulsar Plus at the consumer electronics retailer, and get expert advice while they shop.

Best Buy will carry Wallbox's top-selling electric vehicle charger, Pulsar Plus, which is compatible with all electric vehicles, including Tesla when used with an adapter. Features include flexible amperage setting, Bluetooth and Wi-Fi connectivity, charge scheduling, the myWallbox app, and voice control via Amazon Alexa and Google Home.

“We’re thrilled to be teaming up with Best Buy to ensure that customers can easily purchase Pulsar Plus and have it conveniently delivered right to their doorstep,” said Brett Graessle, VP of Global Partnerships and Business Development. “Pulsar Plus is one of the top-performing EV chargers on the market for home use and gives EV drivers more freedom and flexibility around their charging needs.”

Pulsar Plus comes standard with Wallbox’s sophisticated energy management solutions, including Power Sharing, Power Boost, and Eco-Smart to offer users increased control and flexibility over their charging. Pulsar Plus is one of the few EV chargers sold in the US that enables users to charge their EV’s with energy from their home PV solar installation. Eco-Smart, Wallbox’s green energy solution is capable of detecting excess green energy from a home’s solar panels and supplementing it with grid energy to provide a cleaner charging experience, or charging exclusively with solar energy, both which perform as well as a fully grid-powered charge.

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 113 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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