Charging Robotics Inc., announced that its affiliate, Revoltz Ltd. (of which Charging Robotics owns 19.9%), has received approval from the Israeli Standards Institute to sell its PORTO EV micro vehicle in Israel.

The Israeli Standards Institute approval (Standard 6230 Type Approval) is a critical milestone, as it enables PORTO EV riders as young as 16 to operate the vehicle without requiring any driver’s license. This significantly lowers barriers to adoption and makes last-mile delivery solutions more accessible to a broader audience, particularly in dense urban areas where efficient, compact transportation is in high demand.

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The PORTO EV is designed specifically for the last-mile delivery market, offering a seamless blend of functionality, robust design, and agility. Capable of long-range deliveries and a full day’s work on a single charge, the PORTO EV provides a storage capacity comparable to the trunk of a small hatchback car. It features a robust tilting mechanism to ensure maximum stability, even under full load, and integrates high-volume loading spaces over the front and rear axles, distributing cargo weight evenly for a safe and confidence-inspiring ride.

Strong Market Potential in Israel for Micro-Mobility Solutions

Israel is known for its rapid adoption of innovative transportation technologies and its emphasis on efficient, sustainable urban mobility solutions. The growing demand for cost-effective, eco-friendly, last-mile delivery options makes Israel an ideal market for the introduction of the PORTO EV.

In 2023, Revoltz entered into an exclusive distribution agreement valued at $2.7 million with a premier distributor in Israel, aiming to introduce the advanced PORTO EVs into Israel and adjacent markets. As part of this agreement, the distributor initially purchased 50 PORTO EVs and committed to purchasing a total 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.

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Amir Zaid, CEO and co-founder of Revoltz, stated, “We believe that achieving this production milestone and bringing to light our strategic agreement represents significant steps forward for Revoltz. We are aiming to revolutionize the last-mile delivery market with our PORTO EVs. Our collaboration with a leading distributor in Israel is a testament to our shared vision and commitment to excellence. We eagerly anticipate scaling our operations and reinforcing our position as a micro-mobility leader.”

The approval from the Israeli Standards Institute marks a significant milestone for Revoltz, enabling the company to commence sales and marketing activities for the PORTO EV micro vehicle in Israel. This development aligns with Charging Robotics’ commitment to advancing sustainable transportation solutions and expanding its presence in the EV market.

Zaid added: “Israel represents a highly promising market for the PORTO EV, known for its advanced and sophisticated consumer base. The Israeli market frequently adopts innovative technologies ahead of global trends, making it an ideal environment for the introduction of innovative products like the PORTO EV. This approval allows Revoltz to cater to a tech-savvy audience that values efficiency, sustainability, and cutting-edge design, further solidifying its presence in this forward-looking region”.

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Source – GlobeNewswire

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