ALYI CEO Sees Potential Expansion Of EV Taxi Program From 2,000 to 20,000 Orders
Alternet Systems, Inc. (ALYI) CEO Dr. Randell Torno reported on the company's Electric Vehicle (EV) Taxi Pilot program in Africa, which aims to introduce electric motorcycles into the boda-boda taxi market. Following meetings in Nairobi and Addis Ababa, the pilot's goal is to demonstrate that electric motorcycles can operate as efficiently as traditional motorcycles. Dr. Torno expressed optimism about scaling the program from an initial 2,000 units to 20,000. ALYI is also developing an EV ecosystem and plans a major announcement regarding an EV race event that could enhance visibility.
- CEO projects expansion of electric motorcycle orders from 2,000 to 20,000 units.
- Pilot program reportedly well received by key stakeholders in the boda-boda market.
- Focus on creating a comprehensive EV ecosystem to support sustainable growth.
- Challenges in convincing boda-boda management firms and local authorities about the benefits.
- Dependence on external factors such as local financing institutions and government regulations.
DALLAS, Aug. 16, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today release a report from CEO Dr. Randell Torno on the company's Electric Vehicle (EV) Taxi Pilot program in Africa.
Dr. Torno recently returned to Dallas following EV Pilot waypoint meetings in Nairobi managing the company's ongoing EV Taxi Pilot Program. Dr. Torno also visited Addis Ababa in conjunction with an anticipated expansion of the Pilot into Ethiopia. Below is Dr. Torno's report following the waypoint meetings.
CEO EV Taxi Pilot Program Waypoint Report:
There is a key word we use to describe our Electric Vehicle Pilot Program. That word is "comprehensive." It's important, I think, for people to understand that we are not testing an electric motorcycle, we are testing a specific business solution that utilizes electric motorcycles.
Piloting an electric motorcycle is a simple process. Piloting an enterprise that engages an electric motorcycle is comprehensive.
We already know the electric motorcycles in the Pilot Program work. We know how far the batteries can take the bikes. We know how much weight can be carried by the bikes. Now we are trialing a business solution that has the potential rapidly utilize thousands of electric motorcycles.
If we were introducing an electric motorcycle to the consumer market, we would have to develop an overall marketing program that created demand amongst individuals with the resources to individually purchase an electric motorcycle. We'd be competing with brand names to include Harley Davidson, and Harley Davidson's not had too much success, with all the resources behind their brand, getting an electric motorcycle introduced to the consumer market.
Instead, we are introducing an electric motorcycle solution to an existing enterprise that already uses millions of combustion engine motorcycles – the motorcycle taxi or boda-boda market in Africa. We are not trying to convince millions of individual consumers on the benefits of our value proposition. We are trying to convince a few individuals that have decision making authority over the engagement of millions of motorcycles on the benefits of our value proposition.
The purpose of our pilot is to demonstrate that the deployment of electric motorcycles into the boda-boda enterprise can work as efficiently, if not more efficiently, than the combustion engine motorcycles currently deployed in the boda-boda enterprise.
Our pilot program has to address, importing, maintenance, charging, and financing among other enterprise pacing items. Our electric motorcycle solution's ability to address key enterprise pacing points has to be deemed credible by boda-boda management firms, drivers' co-ops, local financing institutions, local manufactures and importers as well as the government officials that regulate various aspects of the boda-boda enterprise.
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.
Electric motorcycles are good for the environment, but the business deployment of electric motorcycles has to be equally efficient to combustion engine motorcycles in order for the environmental benefits to be achieved.
While the argument that any additional expenses that come with the adoption of electric vehicle alternatives should be acceptable in order to achieve the associated environmental benefits might hold water in a developed economic region, that argument is a reach in a developing economic region already suffering essential resource shortages.
Our comprehensive pilot has the goal of achieving environmental benefits with an economically efficient solution. I am confident our pilot can meet this goal. I expect to be back in Kenya later this month and I look forward to continuing to report on the progress of our pilot.
Dr. Randell Torno, CEO
ALYI has seeded an overall EV ecosystem solution 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
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 ReovltTOKEN 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 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
View original content:https://www.prnewswire.com/news-releases/alyi-ceo-sees-potential-expansion-of-ev-taxi-program-from-2-000-to-20-000-orders-301356084.html
SOURCE Alternet Systems, Inc.
FAQ
What is the latest news about Alternet Systems (ALYI) regarding their EV Taxi Pilot program in Africa?
How does ALYI plan to support its electric motorcycle deployment in Africa?
What is the significance of the EV symposium and race event planned by ALYI?
What are the expected benefits of ALYI's electric motorcycles in the boda-boda market?
What challenges does ALYI face in their Electric Vehicle Taxi Pilot program?
