Dallas, Tx, June 16, 2021 – McapMediaWire – Alternet Systems, Inc. (OTC Pink: ALYI) today announced completing a scheduled review of its electric motorcycle development program with the dedicated design team from MODUS Applied Innovations. The review was completed last week on Friday, June 11, 2021. MODUS is working with iQSTEL on connected, state of the art, electric vehicle technology in support of ALYI’s overall electric vehicle program objectives. ALYI management is confident, after completing the review, that ALYI remains on track with its EV Rideshare and Self-Drive Rental pilot program in Africa. ALYI management is preparing a comprehensive shareholder update on the EV Rideshare and Self-Drive Rental pilot program to include additional updates on ALYI’s overall business plan, scheduled to be published this Friday, June 18, 2021.
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.
In addition to its pilot rideshare service rolling out this summer, ALYI plans to also introduce a self-drive rental program. Similar to the way Bird (the shared electric scooter company scheduled to go public through a merger with the SPAC, Switchback II (NYSE: SWBK) valued at an implied $2.3 Billion) rents electric scooters available in urban areas and unlocked via a mobile phone app, ALYI plans to rent Electric Motorcycles in Kenya that can be unlocked via a mobile phone app.
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. 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.