After Uber Technologies Inc. announced a strategic alliance with Wallbox NV, the company's shares soared on Tuesday.

Following the announcement, the stock price of the electric vehicle charging company soared by 178% to $30.88 per share. It started trading at $24.25 on Tuesday and is now at $27.46, up 147%.

As part of its recent goal to become 100% emission-free in the US, Canada, and Europe by 2030, Uber highlighted the firms' relationship.

Uber's SVP of Mobility and Business Operations, Andrew Macdonald, said, "Climate is a team sport and Uber is dedicated to doing our part to hasten the transition to zero-emissions mobility.

The availability of electric vehicle charging options at scale is critical to fulfilling the company's objectives, and Wallbox is a great partner in that effort.Barcelona-based Wallbox, e-mobility startup, nabs €23 million | EU-Startups

Wallbox and Uber want to offer a "one-stop-shop" for drivers who use Uber for home charging. The Wallbox charging, installation, and financing package will be available at a discount to Uber drivers as well.

Program pilots will be run in the Bay Area of California, and if they are successful, the cooperation will be expanded to other parts of the country and around the globe.

According to Wallbox's North American General Manager, "Uber is a digital business at the heart of transportation here in California, so it was logical for us to link up with them to give platform users access to smart at-home solutions."