{"id":836179,"date":"2025-04-10T09:35:03","date_gmt":"2025-04-10T13:35:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/xylo-technologies-revoltz-launches-commercial-phase-of-porto-ev-in-israel-with-first-50-vehicles-delivered-to-exclusive-distributor\/"},"modified":"2025-04-10T09:35:03","modified_gmt":"2025-04-10T13:35:03","slug":"xylo-technologies-revoltz-launches-commercial-phase-of-porto-ev-in-israel-with-first-50-vehicles-delivered-to-exclusive-distributor","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xylo-technologies-revoltz-launches-commercial-phase-of-porto-ev-in-israel-with-first-50-vehicles-delivered-to-exclusive-distributor\/","title":{"rendered":"Xylo Technologies: Revoltz Launches Commercial Phase of PORTO EV in Israel with First 50 Vehicles Delivered to Exclusive Distributor"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <i>Marks First Global Commercial Rollout of the Innovative Last-Mile Micro EV<\/i>\n      <\/p>\n<p align=\"justify\">TEL AVIV, Israel, April  10, 2025  (GLOBE NEWSWIRE) &#8212;  Xylo Technologies Ltd. (Nasdaq: XYLO) (\u201cXylo\u201d or the \u201cCompany\u201d), a technology-based company engaged in advanced innovative technologies, announced today that Revoltz Ltd. (\u201cRevoltz\u201d), which is 19.9% held by Charging Robotics, Inc. (OTC: CHEV) (\u201cCharging Robotics\u201d), a Delaware corporation quoted on the OTC Market (62.22% owned by Xylo), 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.<\/p>\n<p>Built for agility and function, the PORTO EV features:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:0in;margin-bottom:8pt\">High-volume      cargo space over both axles<\/li>\n<li style=\"margin-top:0in;margin-bottom:8pt\">Full-day range      on a single charge<\/li>\n<li style=\"margin-top:0in;margin-bottom:8pt\">License-free      operation for users 16+ (under Israeli regulation)<\/li>\n<\/ul>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">\u201cThis marks a major leap from development to deployment,\u201d said Amir Zaid, CEO and co-founder of Revoltz. \u201cStarting 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.\u201d<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">\n        <b>About Xylo<\/b>\n      <\/p>\n<p align=\"justify\">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\u2019s affiliations in the medical solutions arena include ownership in Polyrizon Ltd. The Company\u2019s 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\u2019s portfolio of technology solution providers. Other affiliations of the Company include Zig Miami 54 LLC.<\/p>\n<p align=\"justify\">Xylo is traded on The Nasdaq Capital Market. To learn more about Xylo\u2019s advanced technologies, please visit\u00a0\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2DmEDOxK7r9aV6JerBWulFJlD2rS4gDqBbcEwBON17qT-Tey6ltoCOHQ0ogoulChpOCdOWUd6jsgcNKuj5wtPMdC3r_CkdzXydEfsn1OWIU=\" rel=\"nofollow\" target=\"_blank\">https:\/\/ir.xylotech.ai\/<\/a>.<\/p>\n<p align=\"justify\">\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d 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\u2019s 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\u2019s commercial launch in Israel on Revoltz\u2019s financial or operational results.<\/p>\n<p align=\"justify\">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.<\/p>\n<p>\n        <b>Company Contact:<\/b>\n      <\/p>\n<p>Tali Dinar<br \/> Chief Financial Officer<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=f_h2aMxmugl-YgN2J98t8htfYW1zWMbKm9xapV1qfHZLF4diSZDCDj-svHp75ctEGu1eFLD83dqxBW3M4TClsw==\" rel=\"nofollow\" target=\"_blank\">ir@xylotech.ai<\/a><\/p>\n<p>\n        <b>Investor Relations Contact:<\/b>\n      <\/p>\n<p>Michal Efraty<br \/> Investor Relations,<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AL2oZZo1tn-lDHCXTCuY2qqimdfoqE--84uua5tMlfoATlAXfxlmGUrJFfNkSC6RbMejixs9HRimU7o-ZpE6qV8EDF2LHXY-iWUlvx7Zp5E=\" rel=\"nofollow\" target=\"_blank\">michal@efraty.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMDI4NiM2ODYwNzQxIzUwMDA2NDMzMQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YWNiZjgwNDMtMWU5Ny00ZTE4LTliN2EtZjM1ZmFlZmYyZGI4LTUwMDA2NDMzMS0yMDI1LTA0LTEwLWVu\/tiny\/Xylo-Technologies-Ltd-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Marks First Global Commercial Rollout of the Innovative Last-Mile Micro EV TEL AVIV, Israel, April 10, 2025 (GLOBE NEWSWIRE) &#8212; Xylo Technologies Ltd. (Nasdaq: XYLO) (\u201cXylo\u201d or the \u201cCompany\u201d), a technology-based company engaged in advanced innovative technologies, announced today that Revoltz Ltd. (\u201cRevoltz\u201d), which is 19.9% held by Charging Robotics, Inc. (OTC: CHEV) (\u201cCharging Robotics\u201d), a Delaware corporation quoted on the OTC Market (62.22% owned by Xylo), 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xylo-technologies-revoltz-launches-commercial-phase-of-porto-ev-in-israel-with-first-50-vehicles-delivered-to-exclusive-distributor\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Xylo Technologies: Revoltz Launches Commercial Phase of PORTO EV in Israel with First 50 Vehicles Delivered to Exclusive Distributor&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-836179","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Xylo Technologies: Revoltz Launches Commercial Phase of PORTO EV in Israel with First 50 Vehicles Delivered to Exclusive Distributor - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xylo-technologies-revoltz-launches-commercial-phase-of-porto-ev-in-israel-with-first-50-vehicles-delivered-to-exclusive-distributor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xylo Technologies: Revoltz Launches Commercial Phase of PORTO EV in Israel with First 50 Vehicles Delivered to Exclusive Distributor - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Marks First Global Commercial Rollout of the Innovative Last-Mile Micro EV TEL AVIV, Israel, April 10, 2025 (GLOBE NEWSWIRE) &#8212; Xylo Technologies Ltd. (Nasdaq: XYLO) (\u201cXylo\u201d or the \u201cCompany\u201d), a technology-based company engaged in advanced innovative technologies, announced today that Revoltz Ltd. (\u201cRevoltz\u201d), which is 19.9% held by Charging Robotics, Inc. (OTC: CHEV) (\u201cCharging Robotics\u201d), a Delaware corporation quoted on the OTC Market (62.22% owned by Xylo), 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. 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(Nasdaq: XYLO) (\u201cXylo\u201d or the \u201cCompany\u201d), a technology-based company engaged in advanced innovative technologies, announced today that Revoltz Ltd. (\u201cRevoltz\u201d), which is 19.9% held by Charging Robotics, Inc. (OTC: CHEV) (\u201cCharging Robotics\u201d), a Delaware corporation quoted on the OTC Market (62.22% owned by Xylo), 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. 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