Xylo Technologies: Revoltz Receives Israeli Standards Institute Approval for PORTO EV Micro Vehicle
Xylo Technologies announced that Revoltz has received approval from the Israeli Standards Institute to sell its PORTO EV micro vehicle in Israel. Revoltz is 19.9% owned by Charging Robotics (63.7% owned by Xylo). The Standard 6230 Type Approval allows riders as young as 16 to operate the vehicle without a driver's license.
The PORTO EV, designed for last-mile delivery, offers storage capacity similar to a small hatchback car and can operate for a full day on a single charge. In 2023, Revoltz secured a $2.7 million exclusive distribution agreement in Israel, with an initial purchase of 50 PORTO units and a commitment for 150 vehicles in the first year. The five-year agreement includes annual milestones and service provisions, primarily targeting the local delivery market.
Xylo Technologies ha annunciato che Revoltz ha ricevuto l'approvazione dall'Istituto degli Standard israeliano per vendere il suo PORTO EV micro vehicle in Israele. Revoltz è posseduta per il 19,9% da Charging Robotics (possiede il 63,7% di Xylo). L'approvazione Standard 6230 consente ai conducenti di avere solo 16 anni per operare il veicolo senza patente di guida.
Il PORTO EV, progettato per le consegne dell’ultimo miglio, offre una capacità di stoccaggio simile a quella di una piccola auto hatchback e può funzionare per un'intera giornata con una sola carica. Nel 2023, Revoltz ha ottenuto un accordo di distribuzione esclusiva per 2,7 milioni di dollari in Israele, con un acquisto iniziale di 50 unità PORTO e un impegno per 150 veicoli nel primo anno. L'accordo di cinque anni include traguardi annuali e servizi, mirando principalmente al mercato locale delle consegne.
Xylo Technologies anunció que Revoltz ha recibido la aprobación del Instituto de Normas de Israel para vender su PORTO EV micro vehicle en Israel. Revoltz es propiedad en un 19.9% de Charging Robotics (posee el 63.7% de Xylo). La aprobación estándar 6230 permite a los conductores tan jóvenes como 16 años operar el vehículo sin licencia de conducir.
El PORTO EV, diseñado para la entrega de última milla, ofrece una capacidad de almacenamiento similar a la de un pequeño hatchback y puede operar durante un día entero con una sola carga. En 2023, Revoltz aseguró un acuerdo de distribución exclusivo de 2.7 millones de dólares en Israel, con una compra inicial de 50 unidades PORTO y un compromiso de 150 vehículos en el primer año. El acuerdo de cinco años incluye hitos anuales y disposiciones de servicio, enfocándose principalmente en el mercado local de entregas.
Xylo Technologies는 Revoltz가 이스라엘 표준 연구소의 승인을 받아 PORTO EV 마이크로 차량을 이스라엘에서 판매할 수 있게 되었다고 발표했습니다. Revoltz는 Charging Robotics의 19.9% 지분을 소유하고 있으며(Charging Robotics는 Xylo의 63.7% 지분을 보유하고 있음). 표준 6230 승인으로 운전면허 없이도 16세부터 운전할 수 있습니다.
PORTO EV는 마지막 마일 배달을 위해 설계되었으며, 소형 해치백과 유사한 적재 용량을 제공하고 한 번의 충전으로 하루 종일 작동할 수 있습니다. 2023년, Revoltz는 이스라엘에서 270만 달러의 독점 배급 계약을 체결했으며, 초기 구매로 50대의 PORTO를 주문하고 첫 해에 150대의 차량을 보장했습니다. 5년 계약에는 연간 이정표와 서비스 조항이 포함되며, 주로 지역 배달 시장을 겨냥하고 있습니다.
Xylo Technologies a annoncé que Revoltz a reçu l'approbation de l'Institut des Normes israélien pour vendre son PORTO EV micro vehicle en Israël. Revoltz est détenue à 19.9% par Charging Robotics (qui possède 63.7% de Xylo). La Certification Standard 6230 permet aux conducteurs dès l'âge de 16 ans d'utiliser le véhicule sans permis de conduire.
Le PORTO EV, conçu pour la livraison du dernier kilomètre, offre une capacité de stockage similaire à celle d'une petite voiture de type hatchback et peut fonctionner une journée entière avec une seule charge. En 2023, Revoltz a sécurisé un accord de distribution exclusif de 2,7 millions de dollars en Israël, avec un achat initial de 50 unités PORTO et un engagement pour 150 véhicules la première année. L'accord de cinq ans comprend des jalons annuels et des dispositions de service, visant principalement le marché local des livraisons.
Xylo Technologies gab bekannt, dass Revoltz die Genehmigung des Israelischen Standards Instituts erhalten hat, um sein PORTO EV Mikrofahrzeug in Israel zu verkaufen. Revoltz gehört zu 19,9 % Charging Robotics (63,7 % gehören Xylo). Die Standard 6230 Typgenehmigung erlaubt es Fahrern ab 16 Jahren, das Fahrzeug ohne Führerschein zu betreiben.
Der PORTO EV, der für die letzte Meile Lieferung konzipiert wurde, bietet eine Ladefläche ähnlich einem kleinen Kleinwagen und kann einen ganzen Tag mit einer einzigen Ladung betrieben werden. Im Jahr 2023 sicherte sich Revoltz einen exklusiven Vertriebsvertrag im Wert von 2,7 Millionen Dollar in Israel, mit einem ersten Kauf von 50 PORTO-Einheiten und einer Verpflichtung für 150 Fahrzeuge im ersten Jahr. Der fünfjährige Vertrag umfasst jährliche Meilensteine und Serviceleistungen, die sich hauptsächlich an den lokalen Liefermarkt richten.
- Secured Israeli Standards Institute approval for PORTO EV, enabling sales without driver's license requirement
- $2.7 million distribution agreement in Israel with commitment for 150 vehicles in first year
- Initial order of 50 PORTO units already secured
- ownership stake of only 19.9% in Revoltz through Charging Robotics subsidiary
Insights
The Israeli Standards Institute approval for Revoltz's PORTO EV represents a strategic breakthrough in the competitive last-mile delivery market. The certification's unique provision allowing operation without a driver's license significantly expands the addressable market, particularly targeting the growing gig economy workforce and young delivery personnel.
The existing
The Israeli market presents compelling characteristics for micro-mobility solutions:
- Dense urban centers ideal for last-mile delivery optimization
- Strong environmental initiatives supporting EV adoption
- Growing e-commerce market driving delivery demand
- Tech-savvy population receptive to innovative transportation solutions
The PORTO EV's technical specifications, including all-day range capability and balanced cargo distribution, address key operational requirements for commercial users. The tilting mechanism for stability under full load represents a competitive advantage in the urban delivery segment, where safety and reliability are paramount.
TEL AVIV, Israel, Feb. 04, 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
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 a driver’s license. This will lower barriers to adoption and make 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 specifically designed 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 provides 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 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
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.
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’ 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 uses forward looking statements when describing the impact of the Israeli Standards Institute approval on the PORTO EV’s market prospects.
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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