DALLAS, Aug. 20, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) has undertaken an initiative to transition the millions of motorcycles deployed as taxis (boda boda) in Africa from combustion engine vehicles to electric vehicles (EV). From Africa, ALYI plans to expand into the motorcycle taxi market globally. The global motorcycle taxi market was valued by Verified Market Research at $16 billion in 2018 and expected to grow to over $29 billion by 2026.
ALYI has initiated an EV Rideshare Pilot Program targeting the existing motorcycle taxi market. The Pilot Program is a first step toward the planned fulfillment of an initial 2,000 electric motorcycle order. ALYI expects to begin generating revenue fulfilling the electric motorcycle order later this year.
ALYI has built, and continues to add to, its own proprietary EV intellectual property (IP) library through hands on development projects spanning the design and construction of a complete electric motorcycle, to the design and construction of various components to the electric motorcycle to include the battery, Internet of Things (IoT) connectivity, and an integrated operator’s display. Projects go beyond the vehicle to include, for example, charging technology and fleet management tools.
ALYI is leveraging their EV IP in collaboration with select electric motorcycle manufactures to produce electric motorcycles for a fleet of ALYI electric motorcycles to be deployed into the existing motorcycle taxi market in Africa and beyond. ALYI is also exploring additional electric motorcycle manufacture collaboration opportunities to increase production capacity and diversity to more rapidly transition millions of existing motorcycle taxis from combustion engines to electric motors.
ALYI CEO Dr. Randell Torno recently visited Nairobi to engage in a number of EV Rideshare Pilot Program waypoint meetings to include meetings to evaluate potential new electric motorcycle manufactures that could contribute to the ALYI electric motorcycle fleet.
CEO Dr. Randell Torno Evaluating Potential Electric Motorcycle Manufacturing Partner
Dr. Torno reported in a recent follow up to his meetings in Nairobi, “I believe our pilot program is being well received by all boda-boda key parties in regard to all essential boda-boda pacing points. I am optimistic that our first electric motorcycle deployment target following the pilot can be 20,000 electric motorcycles far surpassing the 2,000 trial order we built the pilot around. I believe the number can rapidly grow from 20,000.”
ALYI has seeded an overall EV Ecosystem Business Strategy with the development of its own EV motorcycle business discussed above.
Instead of introducing a single EV product, ALYI’s business focus is on the introduction of an EV Ecosystem that addresses the entire EV adoption environment from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric powered vehicles.
Ultimately, ALYI does not intend to go it alone on the overall development and rollout of its EV Ecosystem. ALYI is building a core element into its Ecosystem that attracts, if not compels the participation of all would be brand name EV industry leaders in an annual EV symposium and conference. The EV symposium and conference will be anchored by an EV race event in Kenya that comes with a substantial brand name.
The EV race market was valued in 2019 at over $80 billion dollars and is anticipated to grow to over $200 billion by 2025.
ALYI’s EV Ecosystem is founded on building participation in an EV race event as a central component in advancing EV technology and EV branding.
ALYI has been developing a partnership with a major EV racing brand for more than two years now. Over a year ago, ALYI entered into a formal partnership agreement that includes that EV racing brand. The first milestone objectives contemplated under the agreement have been achieved and the next steps are imminent. ALYI expects the next steps to include naming the EV racing brand at which time, ALYI management anticipates ALYI’s overall visibility within the global EV market to be substantially elevated.
The objective of the EV symposium and conference anchored by an EV race is to advance EV technology by building EV solutions for the African market – a power constrained, rugged environment with one of the lowest per capita transportation deployments in the world. EV solutions for the African market will be applicable the world around. EV solutions designed and built in Africa also contribute to building an autonomous African economy.
ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with RevoltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.
To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, visit https://rvlttoken.com/.
ALYI plans to make a major announcement later this month regarding the EV race that management expects will garner substantial attention to ALYI’s overall EV Ecosystem strategy.
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 compan
ies’ 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.
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SOURCE Alternet Systems, Inc.