The opportunity in electric vehicle charging quietly continues to grow. And Wallbox is now hitting record breaking sales as a consequence.
What’s happening:
- Electric vehicle charging company Wallbox (NYSE: WBX) has officially surpassed one million electric vehicle chargers sold since inception
Why it matters:
- Electric vehicle charging infrastructure has continued to one of the most important problems to solve for the wider adoption of electric vehicles, which continue to see both enormous demand and new sales amidst the push for net zero emissions globally
By the numbers:
- Wallbox chargers have been installed in 115 different countries globally
- Over 1,600 gigawatt hours of electric vehicle charging has been powered by Wallbox’s chargers since inception
Going deeper:
- Wallbox is one of the few companies who have found success in both residential electric vehicle charging and public electric vehicle charging infrastructure, with installations in homes all over the world and commercial partnerships with automakers such as Volkswagen, BMW and Nissan for publicly accessible charging stations
The intrigue:
- Publicly listed electric vehicle charging companies have been experiencing a wave of non-dilutive capital infusions lately, with EVgo (NASDAQ: EVGO) recently landing more than a billion dollars in funding from the United States Department of Energy and ChargePoint (NYSE: CHPT) being awarded fresh funding from the government of California
