Liberty and Wallbox launch EV charger with offline payment capability

SANTA BARBARA - Liberty Plugins, Inc. and Wallbox (NYSE:WBX) announced Tuesday the release of the Liberty CodeConnect Wallbox Charger, a new EV charging solution that offers access control and payment capabilities without requiring an internet connection. Wallbox, with a market capitalization of $145.42 million and annual revenue of $171.52 million, has been focusing on innovation despite challenging market conditions.

The U.S.-made charger, available in 40A and 48A versions, is priced at $1,495 per unit with a $9 monthly subscription fee. The companies are offering a promotional discount through August 15, with shipments beginning in August. According to InvestingPro data, Wallbox operates with a debt-to-equity ratio of 3.62, though analysts expect improved profitability this year.

According to the press release, the new product combines Wallbox’s hardware with Liberty’s CodeConnect encryption technology, allowing operators to sell or distribute temporary time-based session codes to drivers without network setup.

"The Liberty CodeConnect Wallbox Charger represents the natural evolution of our product development: high-quality, intuitively managed charging without the exorbitant fees and high lifetime cost of ownership imposed by other providers," said Kristen Helsel, CEO of Liberty Plugins.

The companies highlighted that the technology enables managed charging in locations previously underserved due to connectivity issues, such as remote parks and rural areas, or in secure facilities like corporate campuses and government buildings that restrict network connections.

"By combining Wallbox’s award-winning Pulsar Plus hardware with Liberty’s CodeConnect technology, we’re enabling a new level of flexibility and affordability for customers," said Esteve Dolsa, General Manager of North America at Wallbox.

Liberty Plugins has been developing charge station management solutions since 2009, while Wallbox is a global provider of EV charging and energy management systems. InvestingPro subscribers have access to 14 additional key insights about Wallbox’s financial health and growth prospects, along with detailed analysis in the Pro Research Report, helping investors make informed decisions in the evolving EV infrastructure market.

In other recent news, Wallbox has announced a 20-for-1 reverse stock split to meet New York Stock Exchange requirements, with trading on a split-adjusted basis set to begin in July 2025. This move is intended to ensure compliance with the NYSE’s minimum bid price requirement. Additionally, Wallbox has secured $15 million in fresh funding, including over $9 million from the Spanish Society for Technological Transformation, as part of Spain’s broader Recovery, Transformation, and Resilience Plan. Wallbox is also expanding its partnership with ENSOL EV to deploy Supernova DC fast chargers in Texas, Florida, and Georgia, marking their first venture into DC fast charging. Furthermore, Wallbox has partnered with Francis Energy to deploy fast charging stations across the United States, utilizing Wallbox’s CTEP-certified Supernova fast chargers. This collaboration aims to enhance the EV charging infrastructure in growing markets. The recent developments reflect Wallbox’s ongoing efforts to expand its presence and capabilities in the EV charging sector.

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