WBX | Market Cap: $109.0M (07/13/26)
Industry:
Capital Goods
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DESCRIPTION

Wallbox designs, manufactures, and sells EV charging hardware, software, and services. Founded in 2015 and headquartered in Barcelona, the company has sold over 1 million chargers across more than 100 countries. The core product is the Pulsar family of Level 2 AC chargers — compact, connected home and commercial chargers that integrate with the Wallbox App for remote control, energy scheduling, and real-time energy management. Wallbox also sells the Supernova DC fast charger (60–240 kW) for public charging sites, the Quasar 2 residential bidirectional charger (enabling V2H and V2G), and commercial AC chargers under the ABL brand acquired in 2023. Software is a growing revenue contributor, including fleet charging management and Electromaps, a public charging platform with close to 1.4 million registered users connected to roughly 587,000 charge points globally. Wallbox sells primarily through distributors, resellers, installers, automotive OEMs, and utilities, with key partners including Iberdrola, Kia, and Stellantis's Free2Move. Revenue is split across hardware sales, software subscriptions, installation services, and service contracts. Wallbox reports three geographic segments: EMEA (the largest at roughly 66–73% of revenue), North America (roughly 25–31%), and APAC (less than 1%). DC fast chargers carry structurally higher gross margins than AC chargers, so product mix meaningfully influences blended margins. Wallbox manufactures Pulsar Plus at its Arlington, Texas facility, which provides tariff and local content advantages in North America.

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