ALYI Highlights EV Grid Evaluation Included In EV Rideshare and Self-Drive Rental Pilot In Africa

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has highlighted an article from Barron’s, discussing the electrical grid strains caused by the rising demand for electric vehicles (EVs). The company is launching an EV rideshare and self-drive rental pilot program in Africa, with an initial order of 2,000 electric motorcycles set for delivery in July to tap into the $4 billion motorcycle taxi market in Kenya. ALYI aims to establish a broader electric vehicle ecosystem, focusing not only on vehicles but also on a supportive network, including charging infrastructure and innovative solutions.

Positive

• Launching an EV rideshare and self-drive rental pilot program in Africa.
• Order of 2,000 electric motorcycles to cater to a $4 billion motorcycle taxi market in Kenya.
• Strong focus on building a comprehensive electric vehicle ecosystem.

Negative

• None.

Dallas, Texas, July 01, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted a recent Barron’s article emphasizing the stress on the electrical grid associated with the rise of electric vehicles.

EVs Need Grid Power. Utilities Better Get Ready.

ALYI is currently launching an EV Rideshare and Self-Drive Rental pilot program in Africa.  ALYI is highlighting the Barron’s article to emphasize the importance of the pilot which will include an evaluation of existing charging infrastructure capacity.

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.

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. 

ALYI’s funding partner, RevoltTOKEN has opened the sale of Revolt Tokens to contribute to financing ALYI’s overall electric vehicle ecosystem strategy. 

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

Attachment

• $ALYI - REVOLT TOKEN

FAQ

What is the significance of the Barron’s article for Alternet Systems (ALYI)?

The Barron’s article highlights concerns about electric vehicles impacting the electrical grid, underscoring the importance of ALYI's initiatives in the EV space.

What is ALYI's recent pilot program in Africa about?

ALYI is launching a pilot program for EV rideshare and self-drive rentals, starting with an order of 2,000 electric motorcycles in Kenya.

How does ALYI plan to address the electric vehicle infrastructure needs?

ALYI intends to evaluate and develop the charging infrastructure capacity as part of its broader electric vehicle ecosystem strategy.

What market opportunity is ALYI targeting with its motorcycle delivery?

ALYI aims to tap into Kenya's $4 billion motorcycle taxi market, positioning its electric motorcycles for rideshare services.