BLITZ TECHNOLOGIES LTD
TTASE:BLITZ293.30
ILA
-1.20
(-0.41%)
BLITZ TECHNOLOGIES LTD
TASE:BLITZ
(Tel Aviv Stock Exchange)
Recent
price
293.30
P/E
ratio
- -
div
yld
21.40%
ROIC.AI
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- Business
- Blitz Technologies Ltd. is an Israel-based smart eMobility and clean transportation technology company that designs, develops, manufactures, and markets fully electric two-wheeled vehicles and integrated fleet management solutions. Founded in 2012 and headquartered in Tel Aviv, Israel, with European operations coordinated through its subsidiary Blitz Motors International BV in Zaventem, Belgium, the company operates primarily within the automotive, urban mobility, and commercial logistics sectors. Blitz Technologies provides end-to-end electric mobility ecosystems tailored for last-mile delivery providers, postal services, municipal agencies, enterprise fleets, and individual urban commuters. Its core hardware portfolio includes the Blitz 3000X, a 125cc-equivalent commercial electric scooter powered by a 3,000-watt electric motor with swappable lithium-ion battery capabilities and an operational range of up to 200 kilometers; and the Blitz 6000, a high-performance 250cc-equivalent electric motorcycle featuring a 6,000-watt motor capable of speeds up to 120 km/h for intercity transport. In addition to vehicle manufacturing, the company delivers integrated telematics and cloud-based fleet management software; proprietary battery management systems (BMS); automated battery swapping and charging dock stations; 24/7 operational support; predictive maintenance analytics; roadside assistance; and customized vehicle leasing and insurance services. Blitz Technologies targets commercial fleet operators and food delivery chains across Israel, the United Kingdom, Belgium, the Netherlands, and broader European and Middle Eastern markets, serving key clients including Domino's Pizza, McDonald's, Pizza Hut, and the Israel Postal Company. In recent major developments, the company executed key executive management changes by appointing Eitan Veron as Chief Executive Officer to lead corporate strategy and operations while founder Raphael Moszynski transitioned to focus on international business development and sales; established a strategic technology collaboration with battery developer Addionics to engineer next-generation 3D electrode battery architectures for enhanced vehicle range and rapid charging; partnered with platform operators to supply sustainable delivery fleets to couriers on networks such as Uber Eats in London; and implemented corporate and operational restructurings across its European business units, successfully resolving regional legal and solvency proceedings concerning its Belgian operating subsidiary Blitz Motors International BV following the cancellation of a prior judicial liquidation order.