By Sam Boughedda
Investing.com — Wallbox NV (NYSE:WBX) surged Tuesday after the company announced a strategic partnership with Uber Technologies Inc (NYSE:UBER).
Shares of the electric vehicle charging firm jumped 178% to $30.88 per share, following the announcement. It opened Tuesday's session at $24.25 and is currently trading at $27.46, up 147%.
Uber said that the partnership between the companies is part of its recent commitment to becoming 100% zero-emissions in the U.S., Canada, and Europe by 2030.
"Climate is a team sport and Uber is committed to doing our part to expedite the transition to zero-emissions mobility," said Uber SVP of Mobility and Business Operations, Andrew Macdonald.
"Making electric vehicle charging solutions available at scale is essential to achieving our goals and we are excited to partner with Wallbox on this mission," he added.
Wallbox and Uber will aim to provide drivers using Uber with a "one-stop-shop" for home charging solutions. In addition, Wallbox will offer Uber drivers discounts for a Wallbox charger, installation, and the ability to finance the package.
A pilot for the program will take place in California's Bay Area, and if successful, the partnership will be rolled out in other regions in the U.S. and globally.
"Uber is a tech company at the heart of transport here in California, so it was natural for us to team up with them to give drivers using the platform access to smart at-home solutions," said Douglas Alfaro, General Manager for Wallbox North America.