ALYI Expands African Electric Motorcycle Program For $4 Billion Ride Hail Market To Include Self-Drive Rentals
May 13 2021 - 10:39AM
InvestorsHub NewsWire
Dallas, TX --
May 13, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) today announced expanding its plans to deliver its first
rideshare electric motorcycles to Kenya to go into service by July
of this year to include additional electric motorcycles for the
self-drive rental
market.
ALYI has an
order to deliver 2000 electric motorcycles in Kenya to be
deployed into the motorcycle taxi (boda) market. The first
delivery schedule for July is intended to support a first phase,
pilot rollout of the rideshare service. The motorcycle ride
hail market in Africa is estimated at $4
billion.
Now, in
addition to its pilot rideshare service rolling out this summer,
ALYI plans to also introduce a self-drive rental program.
Similar to the way Bird (the shared electric scooter company
scheduled to go public through a merger with the SPAC, Switchback
II (NYSE: SWBK) valued at an implied $2.3 Billion) rents electric
scooters available in urban areas and unlocked via a mobile phone
app, ALYI plans to rent Electric Motorcycles in Kenya that can be
unlocked via a mobile phone
app.
ALYI's
Electric Motorcycle Program is only a small part of the company's
comprehensive strategy to build a far-reaching electric vehicle
ecosystem.
The success of
any electric vehicle will depend on the simultaneous availability
of an entire network of solutions necessary to support the electric
vehicle.
For example,
the electric vehicle support network ranges from the availability
of power, to charging stations where power can be accessed, to
long-range batteries to make electric vehicles efficient modes of
transportation, to connectivity so software updates for motor
synchronization and battery optimization applications can be
continuously updated along with other electric vehicle user support
applications.
ALYI's primary
business focus is on its overall electric vehicle ecosystem
strategy out of which electric vehicles will be just one
component.
ALYI is
building its electric vehicle ecosystem in a region with one of the
lowest per capita transportation ratios in the world, Sub Saharan
Africa.
To both
attract industry leading talent to collaborate in ALYI's electric
vehicle ecosystem, and to provide an opportunity to prove
innovations coming out of the electric vehicle ecosystem, ALYI is
launching an annual electric vehicle race in partnership with a
brand name racing organization. The annual race event will be
hosted simultaneously with an electric mobility symposium and
expo.
ALYI is
setting itself apart from the rest of the electric vehicle industry
not only through its electric vehicle ecosystem strategy, but also
through its commitment to democratize the electric vehicle
ecosystem.
ALYI's
financing partner and electric vehicle ecosystem collaborator,
RevoltTOKEN, has already provided key funding to advance ALYI's
business plan to its current stage. To learn more about
RevoltTOKEN and how to participate in ALYI’s electric vehicle
ecosystem through the purchase of Revolt Tokens (RVLT - On The
Ethereum (ETHUSD) blockchain), vist www.revolttoken.com.
For more
information and to stay up to date on ALYI's overall latest
developments, please visit www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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