Xylo Technologies: Revoltz Launches Commercial Phase of PORTO EV in Israel with First 50 Vehicles Delivered to Exclusive Distributor
Xylo Technologies (Nasdaq: XYLO) announced that Revoltz , which is 19.9% owned by Charging Robotics Inc. (62.22% owned by Xylo), has initiated the commercial phase of its PORTO EV in Israel with the delivery of the first 50 vehicles to its exclusive distributor.
The launch follows regulatory approval from the Israeli Standards Institute and is part of a $2.7 million five-year distribution agreement that includes 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 a 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.
Xylo Technologies (Nasdaq: XYLO) ha annunciato che Revoltz, di cui possiede il 19,9% Charging Robotics Inc. (di cui Xylo detiene il 62,22%), ha avviato la fase commerciale del suo PORTO EV in Israele con la consegna dei primi 50 veicoli al suo distributore esclusivo.
Il lancio segue l'approvazione normativa dell'Istituto degli Standard israeliano ed è parte di un accordo di distribuzione di 2,7 milioni di dollari della durata di cinque anni che include un impegno iniziale di 150 veicoli nel primo anno. Il PORTO EV, progettato per la consegna dell'ultimo miglio, offre un ampio spazio di carico, un'autonomia per un'intera giornata con una singola carica e operatività senza patente 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, puntando a flotte di consegna locali, aziende di logistica e piccole imprese nei centri urbani.
Xylo Technologies (Nasdaq: XYLO) anunció que Revoltz, de la cual Charging Robotics Inc. posee el 19.9% (62.22% propiedad de Xylo), ha iniciado la fase comercial de su PORTO EV en Israel con la entrega de los primeros 50 vehículos a su distribuidor exclusivo.
El lanzamiento sigue a la aprobación regulatoria del Instituto de Normas de Israel y es parte de un acuerdo de distribución de 2.7 millones de dólares por cinco años que incluye 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 de logística y pequeñas empresas en los centros urbanos.
Xylo Technologies (Nasdaq: XYLO)는 Revoltz가 Charging Robotics Inc.의 19.9% 지분을 보유하고 있으며 (Xylo가 62.22% 소유), 이스라엘에서 첫 번째 50대 차량을 독점 배급업체에 배송함으로써 PORTO EV의 상업적 단계를 시작했다고 발표했습니다.
이번 출시는 이스라엘 표준 연구소의 규제 승인을 따르며, 첫 해에 150대의 초기 약속을 포함하는 270만 달러의 5년 배급 계약의 일환입니다. 마지막 마일 배송을 위해 설계된 PORTO EV는 대량 화물 공간, 단일 충전으로 하루 종일 주행할 수 있는 범위, 이스라엘 규정에 따라 16세 이상의 사용자에게 면허 없이 운영할 수 있는 기능을 갖추고 있습니다.
독점 배급업체는 판매, 서비스 및 유지보수 작업을 관리하며, 지역 배송 플릿, 물류 회사 및 도시 중심의 소규모 비즈니스를 목표로 합니다.
Xylo Technologies (Nasdaq: XYLO) a annoncé que Revoltz, dont Charging Robotics Inc. détient 19,9% (62,22% détenu par Xylo), a lancé la phase commerciale de son PORTO EV en Israël avec la livraison des 50 premiers véhicules à son distributeur exclusif.
Ce lancement fait suite à l'approbation réglementaire de l'Institut israélien des normes et fait partie d'un accord de distribution de 2,7 millions de dollars sur cinq ans qui comprend 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 permis 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, visant les flottes de livraison locales, les entreprises de logistique et les petites entreprises dans les centres urbains.
Xylo Technologies (Nasdaq: XYLO) gab bekannt, dass Revoltz, an dem Charging Robotics Inc. (62,22% im Besitz von Xylo) 19,9% hält, die kommerzielle Phase seines PORTO EV in Israel mit der Lieferung der ersten 50 Fahrzeuge an seinen exklusiven Distributor eingeleitet hat.
Der Launch folgt auf die Genehmigung durch das israelische Institut für Standards und ist Teil eines 5-Jahres-Vertriebsvertrags über 2,7 Millionen Dollar, der ein anfängliches Engagement von 150 Fahrzeugen im ersten Jahr beinhaltet. Der PORTO EV, der für die letzte Meile konzipiert wurde, bietet einen großen Laderaum, eine ganztägige Reichweite mit einer einzigen Ladung und eine lizenzfreie Nutzung für Nutzer 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.
- Secured $2.7 million five-year distribution agreement
- Successfully delivered first 50 units of PORTO EV
- Obtained regulatory approval from Israeli Standards Institute
- Initial commitment of 150 vehicles in first year
- market presence - only launching in Israel currently
- Minority ownership structure - Revoltz only 19.9% held by Charging Robotics
Insights
Revoltz's commercial launch of the PORTO EV in Israel represents a significant milestone in the burgeoning micro-mobility segment of the EV market. The delivery of the first 50 units of this purpose-built last-mile delivery vehicle validates the product's market readiness following regulatory approval from the Israeli Standards Institute.
The PORTO's regulatory classification allowing license-free operation for users 16+ creates a substantial competitive advantage in the urban logistics space, dramatically expanding the potential driver pool while reducing operational complexities for fleet operators. This regulatory pathway, combined with the vehicle's full-day range capacity, positions it ideally for dense urban environments where traditional delivery vehicles face increasing restrictions.
The
The timing aligns perfectly with accelerating urban delivery demands, as municipalities worldwide implement stricter emissions regulations and congestion measures. The PORTO's compact footprint addresses both environmental concerns and practical delivery challenges in dense urban centers.
What's particularly compelling is that Revoltz has moved beyond prototype and testing phases to actual commercial deployment, while many competitors in the specialized last-mile EV space remain in conceptual stages. This execution advantage could prove valuable as the company eyes potential expansion beyond Israel.
This commercial launch represents a modest positive development for Xylo Technologies, though the complex ownership structure significantly dilutes the direct financial impact for XYLO shareholders. With Xylo owning
The
More significant than the immediate financial impact is the validation of Revoltz's business model through this initial commercial deployment. The transition from product development to revenue generation demonstrates execution capability and reduces commercialization risk. The structured agreement with annual milestones provides visibility into future revenue streams, though specific annual targets beyond the first year's 150 vehicles aren't disclosed.
With the first 50 vehicles already delivered, Revoltz has completed one-third of its first-year commitment, indicating production capabilities are operational. The Israeli market serves as an ideal proving ground before potential international expansion.
Investors should note that while this development confirms product viability and market acceptance, the relatively small scale and indirect ownership structure limit the immediate financial impact on Xylo's valuation. The long-term significance depends on Revoltz's ability to scale production, expand distribution, and potentially increase Xylo's ownership stake.
Marks First Global Commercial Rollout of the Innovative Last-Mile Micro EV
TEL AVIV, Israel, April 10, 2025 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo” or the “Company”), a technology-based company engaged in advanced innovative technologies, announced today that Revoltz Ltd. (“Revoltz”), which is
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,
“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 Xylo
Based in Israel, Xylo Technologies Ltd. (Nasdaq: XYLO) is a technology company focused on innovative growth partnerships, mainly in the advanced medical solutions, digital commerce, and electric vehicle markets. Xylo’s affiliations in the medical solutions arena include ownership in Polyrizon Ltd. The Company’s affiliates in digital commerce include Gix Internet Ltd. and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics, Inc. and Revoltz Ltd. are also part of the Company’s portfolio of technology solution providers. Other affiliations of the Company include Zig Miami 54 LLC.
Xylo is traded on The Nasdaq Capital Market. To learn more about Xylo’s advanced technologies, please visit https://ir.xylotech.ai/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” 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 Xylo’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Xylo could differ materially from those described in or implied by the statements in this press release. For example, Xylo cannot guarantee the impact of the PORTO EV’s commercial launch in Israel on Revoltz’s financial or operational results.
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 SEC. Except as otherwise required by law, Xylo undertakes no 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. Xylo is not responsible for the contents on third-party websites.
Company Contact:
Tali Dinar
Chief Financial Officer
ir@xylotech.ai
Investor Relations Contact:
Michal Efraty
Investor Relations,
michal@efraty.com
FAQ
What is the value of Revoltz's distribution agreement for PORTO EV in Israel?
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