Charging Robotics: Revoltz Receives Israeli Standards Institute Approval for PORTO EV Micro Vehicle
Charging Robotics Inc. (OTC: CHEV) announced that its affiliate Revoltz (19.9% owned) has received Israeli Standards Institute approval for its PORTO EV micro vehicle. The approval enables riders as young as 16 to operate the vehicle without a driver's license.
The PORTO EV, designed for last-mile delivery, features long-range capabilities, storage capacity comparable to a small hatchback, and a tilting mechanism for stability. Revoltz has secured a $2.7 million exclusive distribution agreement in Israel, with an initial purchase of 50 vehicles and a commitment for 150 vehicles in the first year. The five-year agreement includes scaled-up sales targets and maintenance services.
The approval marks a significant milestone for Revoltz to begin sales and marketing activities in Israel, a market known for early adoption of innovative transportation technologies.
Charging Robotics Inc. (OTC: CHEV) ha annunciato che la sua affiliata Revoltz (di cui detiene il 19,9%) ha ricevuto l'approvazione dall'Istituto Nazionale degli Standard israeliano per il PORTO EV micro vehicle. L'approvazione consente ai conducenti a partire dai 16 anni di utilizzare il veicolo senza patente di guida.
Il PORTO EV, progettato per le consegne dell'ultimo miglio, offre capacità di lunga distanza, una capacità di carico paragonabile a quella di una piccola utilitaria e un meccanismo di inclinazione per la stabilità. Revoltz ha siglato un contratto esclusivo di distribuzione da 2,7 milioni di dollari in Israele, con un acquisto iniziale di 50 veicoli e un impegno per 150 veicoli nel primo anno. L'accordo quinquennale include obiettivi di vendita incrementali e servizi di manutenzione.
L'approvazione rappresenta una tappa importante per Revoltz per avviare attività di vendita e marketing in Israele, un mercato noto per la sua propensione all'adozione precoce di tecnologie di trasporto innovative.
Charging Robotics Inc. (OTC: CHEV) anunció que su afiliada Revoltz (de la que posee el 19.9%) ha recibido la aprobación del Instituto de Normas de Israel para su PORTO EV micro vehicle. La aprobación permite que conductores a partir de los 16 años operen el vehículo sin necesidad de licencia de conducir.
El PORTO EV, diseñado para la entrega de última milla, cuenta con capacidades de largo alcance, una capacidad de almacenamiento comparable a la de un hatchback pequeño, y un mecanismo de inclinación para mayor estabilidad. Revoltz ha asegurado un acuerdo de distribución exclusivo de $2.7 millones en Israel, con una compra inicial de 50 vehículos y un compromiso de 150 vehículos en el primer año. El acuerdo de cinco años incluye objetivos de venta escalonados y servicios de mantenimiento.
La aprobación marca un hito significativo para que Revoltz inicie actividades de ventas y marketing en Israel, un mercado conocido por su rápida adopción de tecnologías de transporte innovadoras.
Charging Robotics Inc. (OTC: CHEV)는 계열사 Revoltz (19.9% 소유)가 PORTO EV micro vehicle에 대한 이스라엘 표준 기술원의 승인을 받았다고 발표했습니다. 이 승인은 16세 이상 운전자가 운전 면허 없이 차량을 조작할 수 있도록 합니다.
마지막 마일 배송을 위해 설계된 PORTO EV는 긴 주행 거리, 소형 해치백에 버금가는 저장 용량, 안정성을 위한 기울이기 메커니즘을 갖추고 있습니다. Revoltz는 이스라엘에서 270만 달러의 독점 유통 계약을 체결했으며, 초기 50대 차량 구매와 첫 해에 150대에 대한 약정을 포함하고 있습니다. 이 5년 계약에는 판매 목표 증가와 유지보수 서비스가 포함되어 있습니다.
이번 승인은 Revoltz가 이스라엘에서 판매 및 마케팅 활동을 시작할 수 있는 중요한 이정표로, 혁신적인 운송 기술의 조기 채택으로 알려진 시장입니다.
Charging Robotics Inc. (OTC: CHEV) a annoncé que sa filiale Revoltz (détenue à 19,9%) a reçu l'approbation de l'Institut israélien des normes pour son PORTO EV micro vehicle. Cette approbation permet aux conducteurs à partir de 16 ans d'utiliser le véhicule sans permis de conduire.
Le PORTO EV, conçu pour la livraison du dernier kilomètre, dispose de capacités de longue portée, d'une capacité de stockage comparable à celle d'une petite voiture à hayon, et d'un mécanisme d'inclinaison pour la stabilité. Revoltz a sécurisé un accord de distribution exclusif de 2,7 millions de dollars en Israël, avec un achat initial de 50 véhicules et un engagement pour 150 véhicules la première année. L'accord de cinq ans comprend des objectifs de vente croissants et des services de maintenance.
L'approbation marque une étape importante pour que Revoltz commence ses activités de vente et de marketing en Israël, un marché connu pour son adoption précoce des technologies de transport innovantes.
Charging Robotics Inc. (OTC: CHEV) gab bekannt, dass ihre Tochtergesellschaft Revoltz (19,9% Eigentum) die Genehmigung des Israelischen Normierungsinstituts für ihr PORTO EV micro vehicle erhalten hat. Diese Genehmigung erlaubt es Fahrern ab 16 Jahren, das Fahrzeug ohne Führerschein zu fahren.
Der PORTO EV, der für die letzte Meile der Lieferung konzipiert wurde, bietet eine Reichweite, eine Stauraumkapazität, die mit einem kleinen Kleinwagen vergleichbar ist, sowie eine Neigemechanik für Stabilität. Revoltz hat einen exklusiven Vertriebsvertrag über 2,7 Millionen Dollar in Israel gesichert, mit einem anfänglichen Kauf von 50 Fahrzeugen und einer Verpflichtung für 150 Fahrzeuge im ersten Jahr. Der Fünfjahresvertrag umfasst skalierbare Verkaufsziele und Wartungsdienstleistungen.
Die Genehmigung ist ein bedeutender Schritt für Revoltz, um Verkaufs- und Marketingaktivitäten in Israel zu starten, einem Markt, der für die frühe Einführung innovativer Transporttechnologien bekannt ist.
- Secured $2.7 million distribution agreement in Israel
- Initial commitment for 150 PORTO EV vehicles in first year
- No driver's license requirement reduces adoption barriers
- Five-year distribution agreement with scaled-up sales targets
- ownership stake of only 19.9% in Revoltz
- Initial order of only 50 vehicles indicates modest scale
Tel Aviv, Israel, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Charging Robotics Inc. (OTC: CHEV), announced today that its affiliate, Revoltz Ltd. (of which Charging Robotics owns
The Israeli Standards Institute approval (Standard 6230 Type Approval) is a critical milestone, as it enables PORTO EV riders as young as 16 to operate the vehicle without requiring any driver’s license. This significantly lowers barriers to adoption and makes last-mile delivery solutions more accessible to a broader audience, particularly in dense urban areas where efficient, compact transportation is in high demand.
The PORTO EV is designed specifically for the last-mile delivery market, offering a seamless blend of functionality, robust design, and agility. Capable of long-range deliveries and a full day's work on a single charge, the PORTO EV provides a storage capacity comparable to the trunk of a small hatchback car. It features a robust tilting mechanism to ensure maximum stability, even under full load, and integrates high-volume loading spaces over the front and rear axles, distributing cargo weight evenly for a safe and confidence-inspiring ride.
Strong Market Potential in Israel for Micro-Mobility Solutions
Israel is known for its rapid adoption of innovative transportation technologies and its emphasis on efficient, sustainable urban mobility solutions. The growing demand for cost-effective, eco-friendly, last-mile delivery options makes Israel an ideal market for the introduction of the PORTO EV.
In 2023, Revoltz entered into an exclusive distribution agreement valued at
Amir Zaid, CEO and co-founder of Revoltz, stated, "We believe that achieving this production milestone and bringing to light our strategic agreement represents significant steps forward for Revoltz. We are aiming to revolutionize the last-mile delivery market with our PORTO EVs. Our collaboration with a leading distributor in Israel is a testament to our shared vision and commitment to excellence. We eagerly anticipate scaling our operations and reinforcing our position as a micro-mobility leader."
The approval from the Israeli Standards Institute marks a significant milestone for Revoltz, enabling the company to commence sales and marketing activities for the PORTO EV micro vehicle in Israel. This development aligns with Charging Robotics' commitment to advancing sustainable transportation solutions and expanding its presence in the EV market.
Zaid added: “Israel represents a highly promising market for the PORTO EV, known for its advanced and sophisticated consumer base. The Israeli market frequently adopts innovative technologies ahead of global trends, making it an ideal environment for the introduction of innovative products like the PORTO EV. This approval allows Revoltz to cater to a tech-savvy audience that values efficiency, sustainability, and cutting-edge design, further solidifying its presence in this forward-looking region”.
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
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