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Medigus-Backed Revoltz Breaks Into US HLS Sector with Exclusive PORTO EV Deal

Author: Benzinga Newsdesk | October 16, 2023 07:58am

Medigus Ltd. (NASDAQ:MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions and innovative internet technologies, today announced that Revoltz Ltd. which is 19.9% held by Charging Robotics Ltd., wholly subsidiary of Fuel Doctor Holdings, Inc. (OTC:FDOC), a Delaware corporation listed on the OTC Market (67.15% owned by Medigus) ,has entered an exclusive distribution agreement in the United State for its advanced micro-mobility EVs, with a leading distributor operating in the homeland security (HLS) and law enforcement sector.

As part of the agreement, the distributor committed to purchase a minimum of 500 units of PORTO, Revoltz' state-of-the-art micro-mobility vehicles in the coming year.  

Revoltz has made significant strides in the EV industry with the launch of its flagship model, PORTO, which provides a seamless blend of functionality, sturdy design, and agility, designed specifically for the growing, homeland security (HLS) market and others. The PORTO vehicle has a range of more than 100 km with volume for payload of 250L on a single charge. The PORTO patent protected advanced leaning suspension mechanism ensures best in class stability even under full load. With high volume loading spaces integrated over both axles, the cargo weight is distributed evenly, making for a safe and confident ride with unmatched vehicle dimensions which is extremely beneficial in the HLS market. 

Posted In: FDOC MDGS

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