ALYI Is Building Valuable EV IP Within A Democratized EV Ecosystem

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) is launching an EV Rideshare and Self-Drive Rental pilot program in Africa, linked to an order for 2000 electric motorcycles in Kenya. The pilot will support a first-phase rollout into the motorcycle taxi market, valued at $4 billion. ALYI’s strategy focuses on building an electric vehicle ecosystem, enhancing support infrastructure like charging stations and long-range batteries. In partnership with RevoltTOKEN, ALYI is also initiating an annual electric vehicle race to attract talent and showcase innovations.

Positive

• Launching a $4 billion electric motorcycle taxi pilot program in Kenya.
• Building a comprehensive electric vehicle ecosystem to support long-term growth.
• Partnership with RevoltTOKEN to secure funding and enhance business strategy.
• Initiating an annual electric vehicle race to promote innovation and attract industry talent.

Negative

• None.

Dallas, Texas, July 06, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) is currently launching an EV Rideshare and Self-Drive Rental pilot program in Africa. The pilot program contributes both to an existing electric motorcycle order and the development of proprietary EV intellectual property (IP).

The pilot program is being launched in conjunction with an ALYI 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

FAQ

What is the purpose of Alternet Systems' pilot program in Africa?

The pilot program aims to launch an EV rideshare and self-drive rental service using 2000 electric motorcycles in Kenya.

How much is the motorcycle ride hail market estimated at in Africa?

The motorcycle ride hail market in Africa is estimated to be worth $4 billion.

What is ALYI's broader strategy beyond the electric motorcycle program?

ALYI's strategy includes building a comprehensive electric vehicle ecosystem to support various aspects of electric vehicle deployment and use.

Who is ALYI partnering with for funding and business strategy?

ALYI is partnering with RevoltTOKEN for funding to advance its electric vehicle ecosystem.

What event is ALYI launching to enhance its electric vehicle ecosystem?

ALYI is launching an annual electric vehicle race to showcase innovations and attract talent.