Alternet Systems, Inc. (OTC Pink: ALYI) has again inspired investors following the release of a positive management update concerning the development of its electric motorcycle development program and rideshare programs.
Conducted in collaboration with the design team at MODUS Applied Innovations, the review focused on analyzing ALYI’s overall electric vehicle program objectives and optimizing its potential revenues. The information detailed that the company is on course to reach its goals, several by the end of this year.
They noted that its vintage Revolt Electric Motorcycle’s finalized design is approaching completion by MODUS and will be produced and sold in the United States. Hundreds of reservations for the vintage Revolt Electric Motorcycle have already been placed, with its WWII-era BMW R71 inspired design catching the eye of drivers worldwide. That event is expected to be a revenue-generating catalyst for the company.
The development review also focused on ensuring ALYI remains true to its objective of providing best-in-class products and services that use affordable and commercially available components. Currently, there are no widely available electric motorcycles that can be described as both powerful and affordable at the same time. ALYI is optimistic about MODUS’ efforts in closing those gaps. Following their review, ALYI is confident that its EV IP Portfolio will set them apart from its competitors, especially those in the motorcycle segment of the broader EV industry.
Finally, ALYI’s recent collaborations with IQST adds another series of developments that have driven investor interest. IQST is collaborating with ALYI on the MODUS electric motorbike design concept, bringing industry experience and unique Internet of Things (IoT) technologies to the table. IQST is developing a unique EV battery solution for ALYI, which would utilize the company’s proprietary technologies to create a battery that is both more efficient and affordable than its competitors. The entire management update can be viewed here.
Moreover, ALYI’s unique portfolio and goal of creating a comprehensive EV ecosystem have generated a significant buzz for the company, and the recent development review has solidified investor confidence in its potential. ALYI is working hard to close the gaps in EV technology and begin providing an unrivaled service that can bring efficient and clean transportation to its targeted markets.
Entering the EV Rideshare Industry
Already, ALYI’s innovative ReVolt electric motorbike has made waves in the EV market with its classic appearance, powerful performance, and energy efficiency. Still, the company’s overall goals go much beyond offering just an unrivaled rideshare vehicle option.
The company secured the first large order of its electric motorbikes earlier this year, signing a contract to supply 2000 units to Kenya beginning in July. The African motorcycle and rideshare market has been valued at $4 billion, and ALYI believes that the unique advantages and share-focused features of its electric motorcycle will quickly grab the attention of the Kenyan market and beyond.
To make the most out of its deployed motorcycles, ALYI also plans to create a self-drive option for its rental vehicles. Taking inspiration from self-drive rental vehicle services such as Bird, which has generated millions by providing shared electric bicycles and scooters in densely populated urban areas, ALYI plans to grant users the option to drive themselves by simply unlocking a shared motorcycle via a smartphone app. Rather than waiting for a driver to come to pick them up, customers would be able to hop right onto a bike and drive themselves to their destination.
The self-drive program offered would be a perfect addition for the Kenyan market, which has highly populated metropolitan regions and a lower number of vehicles per capita. Because there would be no need to make a separate payment to a driver on these rides, the self-drive option would also provide ALYI a more significant share of revenues. Not to mention, with its retro-inspired appearance and robust performance, ALYI’s ReVolt electric motorbike is almost guaranteed to appeal to drivers and customers around the world.
Bringing an EV Ecosystem to the Sub-Saharan Africa Market
Better still, ALYI’s electric motorcycle is just the beginning of the company’s larger goal of creating an all-encompassing electric vehicle ecosystem. Electricity, charging stations, high-capacity batteries, and internet availability are just a few of the critical components necessary for an electric vehicle’s long-term maintenance, and ALYI intends to provide services to meet each of these requirements. Also, ALYI understands that any electric vehicle’s success is contingent on the local availability of the components and services required to maintain it, and by providing these services in-house, the company can support the long-term usage of its vehicles while also earning the majority of upkeep related revenues.
As part of its commercialization efforts, ALYI has organized an annual electric vehicle race and symposium to be held in Nairobi, Kenya. The event aims to bring together key players in the electric vehicle industry to discuss the latest trends and technologies and promote ALYI’s growing electric vehicle ecosystem. The symposium will also assist ALYI in discovering new and potentially lucrative collaboration and acquisition opportunities.
Looking Ahead 2H 2021
Indeed, ALYI has had a strong first half of 2021. Moreover, the July fulfillment of its first significant order in Kenya could spark rapid expansion across the continent.
The company’s strong financial position, cooperation with other industry experts, and focus on offering a comprehensive EV ecosystem have effectively positioned it to maximize its returns from the burgeoning rideshare sector. As a result, many investors are rushing into the stock now before the future expansion of ALYI’s EV ecosystem secures their place in the industry and drives share prices higher to match. The company’s shares jumped 75% intraday in February following the announcement of a positive development review from MODUS Applied Innovations, indicating that investors are paying attention to company updates.
Indeed, ALYI’s short-term efforts have been meticulously planned to help them grow its operations outside the Sub-Saharan Africa market for the long term. And with near-term catalysts likely to send the stock price soaring once again, along with the company’s long-term development plan of building a comprehensive EV ecosystem, investing in ALYI ahead of news could deliver both near and long-term gains.
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