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Xylo Technologies Ltd ( (XYLO) ) just unveiled an update.
On February 4, 2025, Xylo Technologies announced that Revoltz Ltd., partially owned by Charging Robotics, received approval from the Israeli Standards Institute to market the PORTO EV micro vehicle in Israel. This approval is a significant step for Revoltz, enabling sales of the vehicle designed for last-mile delivery, which can be operated by individuals as young as 16 without a driver’s license, potentially boosting adoption in urban areas. The approval aligns with Charging Robotics’ goal to expand its presence in the EV market and follows a $2.7 million distribution agreement in 2023 for the sale of PORTO units in Israel.
More about Xylo Technologies Ltd
Based in Israel, Xylo Technologies Ltd. is a technology company traded on Nasdaq, focusing on innovative growth partnerships in the advanced medical solutions, digital commerce, and electric vehicle markets. Its portfolio includes Charging Robotics, Inc. and Revoltz Ltd. in the EV sector.
YTD Price Performance: 18.43%
Average Trading Volume: 19,122
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.27M
For an in-depth examination of XYLO stock, go to TipRanks’ Stock Analysis page.
