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

Core Insights - Xylo Technologies Ltd. announced the commercial launch of the PORTO EV, an electric micro vehicle designed for last-mile delivery in Israel, marking its first global rollout [1][2] - The launch follows regulatory approval from the Israeli Standards Institute, indicating strong demand for sustainable delivery solutions [1][3] Company Overview - Xylo Technologies Ltd. is a technology company focused on innovative growth partnerships in advanced medical solutions, digital commerce, and electric vehicles [5] - The company holds a 62.22% stake in Charging Robotics, which owns 19.9% of Revoltz, the manufacturer of the PORTO EV [1][5] Product Details - The PORTO EV features high-volume cargo space, a full-day range on a single charge, and is license-free for users aged 16 and above under Israeli regulations [8] - Revoltz has delivered the first 50 units to its exclusive distributor in Israel as part of a $2.7 million distribution agreement, which includes an initial commitment of 150 vehicles in the first year [2][3] Market Context - The demand for compact electric vehicles is increasing, particularly in urban areas where noise, pollution, and congestion are significant concerns [4]