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

Rhea-AI Summary

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.

Positive

• 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

Negative

• market presence - only launching in Israel currently
• Minority ownership structure - Revoltz only 19.9% held by Charging Robotics

Insights

Automotive Industry Analyst

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 $2.7 million five-year distribution agreement, while modest in absolute terms, establishes a predictable revenue stream with 150 units committed in year one. This controlled rollout approach allows Revoltz to refine production processes and gather operational data before wider deployment.

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.

Financial Analyst

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 62.22% of Charging Robotics, which in turn holds 19.9% of Revoltz, Xylo's effective economic interest in Revoltz calculates to approximately 12.4%.

The $2.7 million five-year distribution agreement represents a substantial figure relative to Xylo's current $4.47 million market capitalization. However, after accounting for Xylo's indirect ownership stake, the proportional economic benefit is considerably reduced.

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 19.9% held by Charging Robotics, Inc. (OTC: CHEV) (“Charging Robotics”), 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 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 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?

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 Revoltz delivered in its first commercial phase?

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

What are the key features of the PORTO EV for last-mile delivery?

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

Who will handle the maintenance and service of PORTO EVs in Israel?

The exclusive distributor will manage all sales, service, and maintenance operations for PORTO EVs in Israel.

What is the ownership structure between Xylo Technologies and Revoltz?

Revoltz is 19.9% owned by Charging Robotics, which is 62.22% owned by Xylo Technologies.