Xylo Technologies: Revoltz Secures First Institutional Client for PORTO EV Logistics Deployment

Rhea-AI Summary

Xylo Technologies announced that Revoltz, which is 19.9% owned by Charging Robotics, has secured its first institutional client for the PORTO EV, an electric micro-vehicle designed for last-mile logistics.

Key developments:

• A major logistics company will integrate PORTO EVs into their urban delivery fleet
• This follows Revoltz's successful delivery of 50 PORTO EV units under a $2.7 million multi-year agreement with an Israeli distributor

The PORTO EV features:

• High-volume cargo capacity with dual axles
• Full-day operation on single charge
• Compact design for urban areas
• License-free operation for users 16+ in Israel

This institutional order represents Revoltz's strategic shift from individual sales to fleet deployments, positioning the company for growth in the sustainable urban transportation sector.

Positive

• First institutional client secured for PORTO EV logistics deployment
• Recent successful delivery of 50 PORTO EV units under $2.7M multi-year agreement
• Strategic expansion from individual sales to larger fleet deployments
• Product features align with commercial logistics requirements
• Market entry into growing last-mile delivery sector

Negative

• Complex corporate structure with multiple entities (Xylo owns 62.22% of Charging Robotics, which owns 19.9% of Revoltz)
• Limited revenue impact due to indirect ownership structure through minority stakes
• Early stage of commercialization with only initial orders

Insights

Business Strategy Analyst

Revoltz's first institutional client marks strategic expansion from individual to fleet sales, though impact to Xylo is diluted through indirect ownership.

Revoltz's securing of its first institutional client—described as a prominent logistics company—represents a strategic evolution in its commercialization roadmap. This development builds directly on their recent delivery of 50 PORTO EV units under a $2.7 million multi-year distribution agreement in Israel.

The progression from distributor relationship to institutional fleet client demonstrates market validation for their electric micro-vehicle solution in the commercial logistics sector. The PORTO EV's specifications appear deliberately tailored to last-mile delivery requirements, with its dual-axle cargo capacity and full-day operational range addressing key operational needs.

For Xylo Technologies shareholders, this positive development flows through a multi-tiered ownership structure: Xylo owns 62.22% of Charging Robotics, which in turn holds a 19.9% stake in Revoltz. This ownership arrangement means the economic impact to Xylo is proportionally diluted, though still represents potential value accretion if Revoltz continues successful commercialization.

The transition from individual sales to fleet deployments expands Revoltz's addressable market significantly, as institutional logistics clients typically deploy vehicles at scale across operations. The license-free operation for users 16+ (under Israeli regulations) could provide logistics operators with staffing flexibility, potentially enhancing the value proposition.

EV Industry Specialist

PORTO EV's institutional adoption validates purpose-built micro-EVs for urban logistics, addressing regulatory pressures and operational challenges in last-mile delivery.

The institutional adoption of Revoltz's PORTO EV highlights growing commercial viability for purpose-built electric micro-vehicles in urban logistics operations. The logistics sector faces intensifying challenges in dense urban environments, including emissions regulations, traffic congestion, and delivery optimization pressures.

PORTO EV's compact design optimized for urban navigation, combined with its electric drivetrain, directly addresses these operational pain points. The full-day operational range on a single charge is particularly significant for commercial applications, where charging downtime translates directly to productivity losses.

Revoltz appears to be executing a market penetration strategy common in micro-mobility: establishing proof-of-concept in a controlled market (Israel) before expanding internationally. This approach allows for operational refinement before broader deployment.

The vehicle's license-free operation for users 16+ under Israeli regulations provides fleet operators with flexibility amid industry-wide driver shortages. The high-volume cargo capacity across dual axles indicates purposeful design for commercial package delivery rather than repurposed consumer vehicle architecture.

While the institutional client acquisition validates the product-market fit, the announcement lacks details on charging infrastructure integration and fleet management capabilities—both critical factors for scaled deployment in logistics operations.

TEL AVIV, Israel, April 29, 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 secured its first institutional client for the PORTO EV, Revoltz’s flagship electric micro-vehicle designed for last-mile logistics. The new order marks a significant step in Revoltz’s commercial expansion strategy, transitioning from individual sales into larger fleet deployments.

The institutional customer—a prominent logistics company—will integrate PORTO EVs into its urban delivery fleet, reinforcing the growing demand for sustainable, compact electric mobility solutions across commercial operations.

The order comes shortly after Revoltz’s successful launch of its commercial phase in Israel, which included the delivery of the first 50 PORTO EV units to its exclusive local distributor under a multi-year $2.7 million agreement.

The PORTO EV offers key features ideal for institutional logistics use:

• High-volume cargo capacity across dual axles
• Full-day operational range on a single charge
• Compact design optimized for dense urban areas
• License-free operation for users aged 16+ under Israeli regulations

The Israeli distributor is leading ongoing sales and service operations, focusing on local delivery fleets, logistics companies, and urban businesses.

As Revoltz continues to scale operations, it expects to further penetrate the growing last-mile delivery sector both in Israel and internationally, addressing a critical need for sustainable urban transportation.

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 and Revoltz 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 that the integration of PORTO EVs by its first institutional client, or the expansion into larger fleet deployments, will have a positive impact 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 PORTO EV deal value for Xylo Technologies (MDGS)?

The PORTO EV deal involves a multi-year $2.7 million agreement with an Israeli distributor for the first 50 units, with additional institutional orders now being secured. The exact value of the new institutional order was not disclosed in the press release.

How does Xylo Technologies ownership structure work with Revoltz and Charging Robotics?

Xylo Technologies owns 62.22% of Charging Robotics, which in turn holds 19.9% of Revoltz. This makes Revoltz an indirect investment for Xylo Technologies through its majority ownership of Charging Robotics.

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

The PORTO EV features high-volume cargo capacity with dual axles, full-day operational range on a single charge, compact design for urban areas, and license-free operation for users aged 16+ under Israeli regulations.

Who can operate the PORTO EV delivery vehicle in Israel?

Under Israeli regulations, the PORTO EV can be operated license-free by users aged 16 and above, making it accessible for a wide range of delivery personnel.

What markets is Revoltz targeting with the PORTO EV?

Revoltz is targeting the last-mile delivery sector, focusing on local delivery fleets, logistics companies, and urban businesses in Israel, with plans for international expansion.