Alternet Systems, Inc. (OTC Pink: ALYI) has been busy building EV transportation solutions that may not only transform markets but its company as well. And following its careful navigation through pandemic-related challenges last year, ALYI’s planned releases for Summer 2021 could possibly bring the transformation sooner rather than later.
Investors are buzzing following a recent announcement from the company that in addition to its 2000-bike deal in Kenya expected to close in July, ALYI will target a massive opportunity through a new UN pilot E-Boda-Boda (Electric Motorcycles designed for ride-sharing) program. This could become a huge deal for ALYI, and its powerful technologies could eventually make them a significant player in expanding this efficient EV rideshare platform into popularity worldwide.
Keep in mind, the motorcycle rideshare market is an estimated $4 billion opportunity throughout all of Africa. And, with dense populations and low vehicle ownership per capita, making the option a preferred method of travel in urban areas is a perfect market fit. Further, as the demand for “green” products increases, the advantages offered by an electric motorcycle rideshare service could not only be of great use to the African market but quickly expand to other highly populated cities around the world.
With this in mind, ALYI announced a pilot project to support the UN initiative to explore breaking the barriers to the widespread adoption of electric motorcycles. The goal is to help policymakers understand that the transition to EV transportation is feasible and capable of offering a transportation alternative that is both more efficient and better for the environment.
The company’s original focus in Kenya was enough to generate significant investor interest, especially with that country presenting a perfect market for energy-efficient, cost-effective, and high-mobility EV solutions. Recognizing the opportunity, ALYI responded with its ReVolt Electric Motorcycle, which made headlines worldwide due to its classic-styled design being augmented with a powerful electric motor. These bikes are included in the company’s deal to deliver 2000 units to the Kenyan market this summer. Analysts covering the sector think they are the perfect vehicle to exploit the market potential.
Self-Driving Option Brings More Opportunities
Last week, the company made another announcement saying they intend to maximize value from other technologies in its portfolio. In addition to the newly announced pilot rideshare service, ALYI plans to launch a self-drive rental program in Kenyan markets similar to the electric scooter rental company Bird, which has generated billions in revenue renting electric scooters in urban areas. ALYI, too, plans to offer its bikes in a self-driving format, allowing consumers to unlock the bikes from designated docking locations via a smartphone app.
The self-driving option could prove to be a massive opportunity in areas with lower rates of rideshare drivers, giving consumers the ability to drive themselves using ALYI’s safe, highly mobile, and eco-friendly electronic motorcycles. Not only does this give consumers a more comprehensive range of transportation options within ALYI’s ecosystem, but it also creates an additional revenue stream thanks to self-driving rental fees bypassing the need to supplement a driver.
Further, ALYI’s self-driving rental motorcycles could offer a more effective, street-legal, and safe form of transportation. The option could also be appealing to locals who wish to avoid driving and parking fees and tourists wanting a more cost-effective and fun method of temporary transportation. ALYI’s pilot program intends to best optimize its bikes for each specific market.
Building an Ecosystem To Maximize Value
Indeed, as a pioneer in the electric motorcycle industry, ALYI has a head start to capitalize on multiple EV market opportunities. Its electric vehicle support network consists of charging stations, power outlets, and long-range batteries. These components are essential to making electric vehicles more energy-efficient and to enable updates and enhancements in the software applications that support them.
Better still, to attract the best manufacturers, businesses, and investors in the electric vehicle industry, ALYI is organizing an annual electric vehicle race and symposium to be held in Kenya. The event will feature a host of conferences and exhibitions designed to showcase the various advantages of electric vehicles and rideshare solutions.
RevoltTOKEN, ALYI’s financial partner and supporter in developing its electric vehicle ecosystem, has already supplied critical funds that will support this venture and its continued rollout into Kenya and other African countries. RevoltTOKEN is expected to contribute upwards of $100 million in financing.
Back Half Of 2021 Can Be Transformative
The remainder of 2021 can be huge, especially with ALYI targeting its portfolio toward various underserved markets while simultaneously building upon some of the industry’s most hyped technologies.
Its electric motorcycles are powerful, easy to drive, and energy-efficient. And their applications in rideshare and self-drive rental markets could quickly earn industry and consumer attention. By seizing upon this carefully calculated opportunity, the company can earn substantial revenues not only through its motorcycle sales but through its ecosystem of replacement part offerings and ride-sharing platform fees.
Thus, with multiple revenue-generating streams in play and at least two expected catalysts in July, ALYI may indeed be positioned to add a charge to growth stock portfolios.
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