Xylo Technologies: Revoltz Receives Israeli Standards Institute Approval for PORTO EV Micro Vehicle

Core Insights - Xylo Technologies Ltd. announced that its affiliate Revoltz Ltd. received approval from the Israeli Standards Institute to sell and market the PORTO EV micro vehicle in Israel, marking a significant milestone for the company [1][6] Company Overview - Xylo Technologies Ltd. is a technology company focused on innovative growth partnerships in advanced medical solutions, digital commerce, and electric vehicle markets [7] - The company has a 63.7% ownership stake in Charging Robotics, which holds a 19.9% stake in Revoltz [1] Product Details - The PORTO EV is designed for last-mile delivery, featuring a robust design, long-range capabilities, and a storage capacity comparable to a small hatchback [3] - The vehicle allows riders as young as 16 to operate it without a driver's license, lowering barriers to adoption [2] Market Potential - Israel is recognized for its rapid adoption of innovative transportation technologies, making it an ideal market for the PORTO EV due to the growing demand for eco-friendly last-mile delivery solutions [4] - In 2023, Revoltz entered into a $2.7 million exclusive distribution agreement with a premier distributor in Israel, committing to purchase a total of 150 PORTO units in the first year [5]