ALYI EV Gig Economy Business Could Gain Momentum From Competition

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has launched an Electric Vehicle (EV) Rideshare pilot in Kenya, introducing eco-friendly electric motorcycles to compete in the local motorcycle taxi market, currently led by combustion engine bikes. ALYI aims to build a comprehensive EV ecosystem, participating in an annual symposium to enhance EV technology tailored for Africa's unique needs. A recent order of 2,000 electric motorcycles supports this initiative, which is expected to last 90 days, showcasing pilot progress through videos and images. ALYI also collaborates with RevoltTOKEN for financing.

Positive

• Initiation of an EV Rideshare pilot program in Kenya targeting the motorcycle taxi market.
• Strategic partnership with RevoltTOKEN for financing through token sales.
• Strong market potential indicated by competitors entering the EV Rideshare sector.
• Order of 2,000 electric motorcycles, supporting business scalability.

Negative

• None.

Dallas, Texas, July 15, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) is rolling out an Electric Vehicle (EV) Rideshare solution in Africa.  ALYI has recently launched a comprehensive pilot bringing together a host of partners in Kenya to support a soup to nuts eco-friendly electric motorcycle alternative to Africa’s robust motorcycle taxi market currently dominated by combustion engine bikes.

Facedrive, a Canadian company also pursuing the EV Rideshare market, is featured today in an article titled The Future Of Transportation: EV Stocks Could Fly This Summer. The article highlights the EV Rideshare market opportunity amidst the EV manufacturers race featuring names like Tesla and Nio as well as EV component players like Blink.

ALYI management is happy to see competitors like Facedrive entering the EV Rideshare sector.  ALYI management believes there is plenty of room in the sector and competition is a confirmation on the value and overall potential of the sector.   

ALYI is building a comprehensive EV ecosystem solution designed to advance entire EV sector with perpetual contribution to EV technology advanced by the ongoing participation of EV industry leaders. 

ALYI is targeting the participation of brand name EV industry leaders in an annual EV symposium and conferenced anchored by an EV race event in Kenya.  The objective of the EV symposium and conference 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 seeded its EV ecosystem solution with the development of its own EV motorcycle business.  ALYI has recently initiated an Electric Motorcycle pilot program in Kenya which is already generating results expected to set ALYI’s EV business apart from the competition.

ALYI has published an overview of the pilot program highlighting the pilot objectives.  As the pilot ramps up this month, ALYI management plans to begin sharing featured moments of the pilot program in progress to include pictures and videos.  The pilot is expected to go on for approximately ninety days.

The pilot is being conducted in conjunction with a 2,000 electric motorcycle order, the fulfillment of which is being finalized with results from the pilot.

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 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

FAQ

What is the purpose of ALYI's pilot program in Kenya?

The pilot program aims to introduce eco-friendly electric motorcycles into the motorcycle taxi market.

What is the expected duration of ALYI's electric motorcycle pilot in Kenya?

The pilot program is expected to last approximately 90 days.

How many electric motorcycles has ALYI ordered for its initiative?

ALYI has placed an order for 2,000 electric motorcycles as part of its pilot program.

How is ALYI financing its EV ecosystem growth?

ALYI is collaborating with RevoltTOKEN to finance its growth through the sale of tokens.

What market is ALYI targeting with its Electric Vehicle Rideshare solution?

ALYI is targeting the motorcycle taxi market in Kenya, which is currently dominated by combustion engine bikes.