Wallbox Allies with Slate Auto to Power Jeff Bezos-Backed EV Venture
Wallbox, the Barcelona-based electric vehicle (EV) charging specialist, has entered into a strategic alliance with Slate Auto, an electric vehicle startup backed by Jeff Bezos. Under the terms of the agreement, Wallbox will supply its high-capacity Supernova chargers to Slate Auto’s manufacturing facility located in Indiana.
The partnership centers on the deployment of 180 kW Supernova chargers, designed to provide rapid power delivery at the Indiana plant. This move aligns with a broader corporate strategy for Wallbox, which is currently prioritizing the diversification of its client base and expansion into strategic markets characterized by higher profitability.
Strategic Expansion and Infrastructure Goals
While the immediate focus is the Indiana installation, the collaboration between the Catalan firm and the North American manufacturer is expected to grow. Wallbox and Slate Auto are currently exploring further opportunities to integrate more Supernova units and other charging hardware into the startup’s operations.
Wallbox has already presented additional proposals to Slate Auto to expand the scope of the partnership. These offerings include the supply of AC (L2) charging solutions and ultra-fast charging hardware, as well as the development of the necessary infrastructure to support the startup’s future fleets of pick-ups and SUVs.
Financial Restructuring and Capital Growth
This expansion comes as Wallbox navigates a significant financial reorganization. The company recently reached an agreement to restructure its debt, which stood at 169.6 million euros as of last summer. This restructuring plan extends the debt timeline through the end of 2030.
As part of this financial pivot, Wallbox is executing a capital increase of 10.65 million euros. The restructuring plan further secures 11 million euros in internal financing provided by shareholders and various financial institutions.
The agreement was reached with the company’s primary financial creditors, who represent more than 83% of Wallbox’s financial debt. The list of supporting entities includes several major global and regional banks:
- Banco Santander
- BBVA
- CaixaBank
- HSBC
- Citibank
- Instituto de Crédito Oficial (ICO)
- Institut Català de Finances
- Mora Banc Grup
- EBN Banco de Negocios
- Cofides
Analysis: The Path Forward
For Wallbox, the alliance with a Bezos-backed venture serves as a critical entry point for deeper penetration into the U.S. Market. By securing a foothold in a production facility for high-demand vehicle segments like SUVs and pick-ups, Wallbox is positioning its hardware at the center of the next wave of EV adoption in North America.
The ability to offer a full spectrum of charging—from the 180 kW ultra-fast Supernova units for industrial employ to L2 AC solutions for broader deployment—allows the company to scale alongside Slate Auto’s production milestones.
Key Partnership Details
| Feature | Detail |
|---|---|
| Primary Hardware | Supernova Chargers (180 kW) |
| Installation Site | Indiana, USA |
| Target Vehicles | Electric Pick-ups and SUVs |
| Future Scope | AC (L2) solutions and fleet infrastructure |
The next confirmed milestone for Wallbox will be the completion of its capital increase and the continued rollout of the debt restructuring plan through 2030. Updates regarding the installation timeline in Indiana are expected as the partnership evolves.
Do you reckon the alliance between European charging tech and U.S. EV startups will accelerate the transition to electric pick-ups? Let us realize in the comments.
