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Charging Robotics: Revoltz Launches Commercial Phase of PORTO EV in Israel with First 50 Vehicles Delivered to Exclusive Distributor

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Charging Robotics (OTC: CHEV) announced that its affiliate Revoltz (19.9% owned by Charging Robotics) has initiated the commercial phase of its PORTO EV in Israel, delivering the first 50 units to its exclusive distributor. This marks the first global commercial deployment following Israeli Standards Institute approval.

The delivery is part of a five-year, $2.7 million distribution agreement with an initial commitment of 150 vehicles in the first year. The PORTO EV, designed for last-mile delivery, features high-volume cargo space, full-day range on single charge, and license-free operation for users 16+ under Israeli regulation.

The exclusive distributor will manage sales, service, and maintenance operations, targeting local delivery fleets, logistics companies, and small businesses in urban centers seeking sustainable transport solutions.

Charging Robotics (OTC: CHEV) ha annunciato che la sua affiliata Revoltz (di cui possiede il 19,9%) ha avviato la fase commerciale del suo PORTO EV in Israele, consegnando le prime 50 unità al suo distributore esclusivo. Questo segna il primo dispiegamento commerciale globale dopo l'approvazione dell'Istituto di Normative Israeli.

La consegna fa parte di un accordo di distribuzione di cinque anni del valore di 2,7 milioni di dollari con un impegno iniziale di 150 veicoli nel primo anno. Il PORTO EV, progettato per le consegne dell'ultimo miglio, presenta ampio spazio di carico, autonomia per un'intera giornata con una singola carica e operatività senza licenza per utenti di età superiore ai 16 anni secondo la normativa israeliana.

Il distributore esclusivo gestirà le vendite, il servizio e le operazioni di manutenzione, mirando a flotte di consegna locali, aziende logistiche e piccole imprese nei centri urbani in cerca di soluzioni di trasporto sostenibile.

Charging Robotics (OTC: CHEV) anunció que su afiliada Revoltz (de la cual posee el 19,9%) ha iniciado la fase comercial de su PORTO EV en Israel, entregando las primeras 50 unidades a su distribuidor exclusivo. Esto marca el primer despliegue comercial global tras la aprobación del Instituto de Normas de Israel.

La entrega es parte de un acuerdo de distribución de cinco años por un valor de 2,7 millones de dólares con un compromiso inicial de 150 vehículos en el primer año. El PORTO EV, diseñado para la entrega de última milla, cuenta con un amplio espacio de carga, autonomía para todo el día con una sola carga y operación sin licencia para usuarios mayores de 16 años según la regulación israelí.

El distribuidor exclusivo gestionará las ventas, el servicio y las operaciones de mantenimiento, enfocándose en flotas de entrega locales, empresas logísticas y pequeñas empresas en centros urbanos que buscan soluciones de transporte sostenible.

Charging Robotics (OTC: CHEV)는 자회사 Revoltz (Charging Robotics의 19.9% 소유)가 이스라엘에서 PORTO EV의 상업적 단계를 시작했으며, 첫 50대를 독점 유통업체에 전달했다고 발표했습니다. 이는 이스라엘 표준 연구소의 승인을 받은 후 첫 번째 글로벌 상업 배포를 의미합니다.

이번 배송은 5년, 270만 달러의 유통 계약의 일환으로, 첫 해에 150대의 차량을 초기 약속으로 포함합니다. 마지막 마일 배달을 위해 설계된 PORTO EV는 대용량 화물 공간, 단일 충전으로 하루 종일 주행 가능하며, 이스라엘 규정에 따라 16세 이상의 사용자는 면허 없이 운영할 수 있습니다.

독점 유통업체는 판매, 서비스 및 유지보수 작업을 관리하며, 지속 가능한 운송 솔루션을 찾는 도시 중심의 지역 배달 차량, 물류 회사 및 소기업을 목표로 합니다.

Charging Robotics (OTC: CHEV) a annoncé que sa filiale Revoltz (détenue à 19,9 % par Charging Robotics) a lancé la phase commerciale de son PORTO EV en Israël, livrant les 50 premières unités à son distributeur exclusif. Cela marque le premier déploiement commercial mondial suite à l'approbation de l'Institut des Normes Israélien.

La livraison fait partie d'un accord de distribution de cinq ans d'une valeur de 2,7 millions de dollars avec un engagement initial de 150 véhicules la première année. Le PORTO EV, conçu pour la livraison du dernier kilomètre, dispose d'un grand espace de chargement, d'une autonomie pour toute la journée avec une seule charge et d'une utilisation sans licence pour les utilisateurs de 16 ans et plus selon la réglementation israélienne.

Le distributeur exclusif gérera les ventes, le service et les opérations de maintenance, ciblant les flottes de livraison locales, les entreprises logistiques et les petites entreprises dans les centres urbains à la recherche de solutions de transport durables.

Charging Robotics (OTC: CHEV) hat bekannt gegeben, dass seine Tochtergesellschaft Revoltz (19,9% im Besitz von Charging Robotics) die kommerzielle Phase ihres PORTO EV in Israel eingeleitet hat und die ersten 50 Einheiten an ihren exklusiven Distributor ausgeliefert hat. Dies markiert den ersten globalen kommerziellen Einsatz nach der Genehmigung durch das Israelische Institut für Normen.

Die Lieferung ist Teil eines fünfjährigen Vertriebsvertrags im Wert von 2,7 Millionen Dollar mit einer anfänglichen Verpflichtung von 150 Fahrzeugen im ersten Jahr. Der PORTO EV, der für die letzte Meile konzipiert ist, bietet viel Platz für Fracht, eine Reichweite für den ganzen Tag mit einer einzigen Ladung und eine lizenzfreie Nutzung für Benutzer ab 16 Jahren gemäß den israelischen Vorschriften.

Der exklusive Distributor wird den Verkauf, den Service und die Wartungsarbeiten verwalten und zielt auf lokale Lieferflotten, Logistikunternehmen und kleine Unternehmen in städtischen Zentren ab, die nach nachhaltigen Transportlösungen suchen.

Positive
  • Secured $2.7M five-year distribution agreement
  • Successfully delivered first 50 units of commercial rollout
  • Obtained regulatory approval from Israeli Standards Institute
  • Established exclusive distribution partnership with maintenance services
Negative
  • 19.9% ownership stake in Revoltz reduces revenue potential
  • Initial rollout to single market (Israel)
  • Modest initial order of 150 vehicles for first year

Marks First Global Commercial Rollout of the Innovative Last-Mile Micro EV

Tel Aviv, Israel, April 10, 2025 (GLOBE NEWSWIRE) -- Charging Robotics Inc. (OTC: CHEV), announced today that its affiliate, Revoltz Ltd. (of which Charging Robotics owns 19.9%), has started the official launch of its commercial phase in Israel for the PORTO EV, its flagship electric micro vehicle tailored for last-mile delivery. This milestone follows the recent regulatory approval by the Israeli Standards Institute and signifies the first global commercial deployment of the PORTO EV.

Built for agility and function, the PORTO EV features:

  • High-volume cargo space over both axles
  • Full-day range on a single charge
  • License-free operation for users 16+ (under Israeli regulation)

Revoltz has delivered the first 50 units to its exclusive distributor in Israel, initiating sales operations across key urban centers. This delivery is part of a previously announced five-year, $2.7 million distribution agreement, which includes an initial commitment of 150 vehicles in the first year. The five-year agreement includes annual milestones and scaled-up sales targets, with the distributor providing service and maintenance for the PORTO EVs, focusing mainly on the local delivery market.

“This marks a major leap from development to deployment,” said Amir Zaid, CEO and co-founder of Revoltz. “Starting commercial sales in Israel, validates the strong demand for sustainable, high-performance solutions in last-mile delivery. We are excited to see PORTO EVs hit the streets and contribute to cleaner, more efficient urban transport.”

The Israeli distributor will manage sales, service, and maintenance operations and is actively targeting local delivery fleets, logistics companies, and small businesses seeking cost-effective and environmentally friendly urban mobility.

The commercial rollout comes as the demand for compact electric vehicles continues to rise, particularly in dense urban environments where noise, pollution, and congestion are key concerns.

About Revoltz Ltd.

Revoltz Ltd., an affiliate of Charging Robotics Ltd., specializes in the design and manufacture of high-end, mini electric vehicles, bridging the gap between traditional automotive design and emerging micro-mobility solutions. Revoltz is committed to creating cutting-edge designs that revolutionize the micro-mobility sector.

About Charging Robotics

Charging Robotics is developing various automatic wireless charging solutions such as robotic and stationary charging systems for EVs. Robotic solutions are intended to offer the driver the ability to initiate charging by use of a simple smartphone app that instructs an autonomous robot, which navigates under the EV for access and charging capabilities. Our stationary systems offer various charging solutions, including in automatic car parks where the company’s system allowing EVs to charge in places where drivers can’t connect plugs to sockets. For further information, visit: https://www.chargingrobotics.com/

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on the current expectations of Charging Robotics, and its subsidiary Charging Robotics Ltd. (together, the “Company”), they are subject to various risks and uncertainties, and actual results, performance or achievements of the Company could differ materially from those described in or implied by the statements in this press release. For example, the Company uses forward looking statements when it discusses how Revoltz is aiming to revolutionize the last-mile delivery market with our PORTO EVs and how Revoltz eagerly anticipates scaling its operations and reinforcing its position as a micro-mobility leader.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in any filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of any third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com


FAQ

What is the value of Revoltz's distribution agreement for PORTO EV (CHEV) in Israel?

The distribution agreement is valued at $2.7 million over five years, with an initial commitment of 150 vehicles in the first year.

How many PORTO EV units has Charging Robotics (CHEV) delivered in its first commercial phase?

Revoltz has delivered the first 50 PORTO EV units to its exclusive distributor in Israel.

What percentage of Revoltz does Charging Robotics (CHEV) own?

Charging Robotics owns 19.9% of Revoltz

What are the key features of the PORTO EV by Charging Robotics (CHEV)?

PORTO EV features high-volume cargo space over both axles, full-day range on a single charge, and license-free operation for users 16+ in Israel.
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