Wallbox Shares Surge Premarket on Pilot Program With Uber
October 26 2021 - 9:23AM
Dow Jones News
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.
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