Revoltz's PORTO EV: A Game Changer in Israeli Micro-Mobility

In the bustling streets of Tel Aviv, a new player is set to revolutionize the micro-mobility landscape. Charging Robotics Inc. (OTC: CHEV) has announced that its affiliate, Revoltz Ltd., has received approval from the Israeli Standards Institute for its PORTO EV micro vehicle. This approval is a significant milestone for Revoltz, enabling it to commence sales and marketing activities in Israel and adjacent markets.

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. Its robust tilting mechanism ensures maximum stability, even under full load, while high-volume loading spaces over the front and rear axles distribute cargo weight evenly for a safe and confidence-inspiring ride.

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

In 2023, Revoltz entered into an exclusive distribution agreement valued at $2.7 million with a premier distributor in Israel. This agreement includes an initial purchase of 50 PORTO EVs and a commitment for a total of 150 vehicles in the first year, with annual milestones and scaled-up sales targets. The distributor will also provide service and maintenance for the PORTO EVs, focusing mainly on the local delivery market.

Amir Zaid, CEO and co-founder of Revoltz, expressed his enthusiasm about this strategic agreement, stating, "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 cater to a tech-savvy audience that values efficiency, sustainability, and cutting-edge design. With its advanced and sophisticated consumer base, Israel represents a highly promising market for the PORTO EV.

In conclusion, the Israeli Standards Institute approval for the PORTO EV micro vehicle is a game-changer for Revoltz and the micro-mobility market in Israel. The PORTO EV's unique features, combined with the strong market potential in Israel and the exclusive distribution agreement, position Revoltz as a leader in the micro-mobility sector. As Revoltz continues to innovate and expand its presence in the EV market, investors should keep a close eye on this promising company and its groundbreaking products.