Alternet Sys Stock Price, News & Analysis

Alternet Systems, Inc. (OTC Pink: ALYI) has expanded its Electric Vehicle (EV) Rideshare Pilot to Ethiopia, following its launch in Kenya in July. CEO Dr. Randell Torno anticipates delivering a 2,000 electric motorcycle order by year-end. The Ethiopian pilot will feature electric ‘Tuk Tuks,’ with initial road presence expected soon. ALYI's broader strategy aims to develop an EV Ecosystem addressing the entire market landscape, including a partnership with a major EV racing brand. The company plans to announce significant developments related to the EV race event later this month.

Alternet Systems, Inc. (ALYI) is transitioning motorcycle taxis in Africa from combustion engines to electric vehicles (EVs), aiming to expand globally. The motorcycle taxi market, valued at $16 billion in 2018, is projected to reach over $29 billion by 2026. ALYI has initiated an EV Rideshare Pilot Program targeting 2,000 electric motorcycle orders, expecting to generate revenue by year-end. The company is developing proprietary EV technology and collaborating with manufacturers to scale production. CEO Dr. Randell Torno envisions growing the fleet to 20,000 motorcycles post-pilot, enhancing visibility in the global EV market.

Alternet Systems, Inc. (USOTC: ALYI) anticipates commencing revenue from its Electric Vehicle (EV) Rideshare Business by the end of 2021, with a specific revenue target to be announced post-Labor Day. The company is involved in an ongoing pilot program in Nairobi to replace combustion engine motorcycles in the taxi market with electric motorcycles. ALYI has a trial order for 2,000 bikes and aims for future deployments of up to 20,000 units. The company is building an EV Ecosystem to support adoption, including partnerships for an EV race event in Kenya.

Alternet Systems (OTC Pink: ALYI) anticipates revenue from its Electric Vehicle (EV) Taxi Business to commence by the end of 2021. A specific revenue target will be announced shortly after Labor Day. The company is engaged in a pilot program in Nairobi aimed at replacing combustion engine motorcycles with electric motorcycles. ALYI has an order for 2,000 electric motorcycles and aims for a deployment of 20,000 post-pilot. Additionally, ALYI is developing an EV Ecosystem with a focus on the African market and plans to anchor an EV symposium and race event in Kenya to promote EV technology.

Alternet Systems, Inc. (USOTC: ALYI) announced that it anticipates revenue from its Electric Vehicle (EV) Taxi Business to commence before the end of 2021. Following successful pilot meetings in Nairobi, CEO Dr. Randell Torno expressed optimism about the deployment of 20,000 electric motorcycles, significantly exceeding the initial order of 2,000. The company is developing an extensive EV Ecosystem aimed at addressing the African market's transportation challenges and plans to host an EV symposium in Kenya to advance EV technology. A major announcement regarding the EV race event is expected soon.

Alternet Systems, Inc. (ALYI) announced plans to generate revenue from its Electric Vehicle (EV) Taxi Business by the end of 2021. The company is managing an EV Taxi Pilot Program in Nairobi aimed at replacing traditional motorcycle taxis with electric motorcycles. ALYI has an order for 2,000 electric motorcycles and is optimistic about expanding this to 20,000 units. The firm is also developing an EV Ecosystem, including a significant EV race event in Kenya to boost EV technology and branding.

Alternet Systems, Inc. (ALYI) CEO Dr. Randell Torno reported on the company's Electric Vehicle (EV) Taxi Pilot program in Africa, which aims to introduce electric motorcycles into the boda-boda taxi market. Following meetings in Nairobi and Addis Ababa, the pilot's goal is to demonstrate that electric motorcycles can operate as efficiently as traditional motorcycles. Dr. Torno expressed optimism about scaling the program from an initial 2,000 units to 20,000. ALYI is also developing an EV ecosystem and plans a major announcement regarding an EV race event that could enhance visibility.

On August 16, 2021, Alternet Systems, Inc. (ALYI) reported on its Electric Vehicle (EV) Taxi Pilot program in Africa, led by CEO Dr. Randell Torno. Following waypoint meetings in Nairobi and a potential expansion to Ethiopia, the program aims to integrate electric motorcycles into the boda-boda taxi market. Dr. Torno highlighted the program's comprehensive nature, focusing on efficiently deploying 20,000 electric motorcycles. ALYI is also developing an EV ecosystem aimed at improving technology applicable to the African market, with plans for an EV symposium anchored by a major racing event.

Alternet Systems (ALYI) CEO Dr. Randell Torno has returned to Dallas after managing an electric vehicle (EV) pilot program in Nairobi and exploring expansion into Ethiopia. This initiative is linked to a substantial order of 2,000 electric motorcycles and aims to create a comprehensive EV ecosystem, enhancing EV adoption in Africa. ALYI is also organizing an EV symposium featuring a race event in Kenya, which is expected to boost visibility and collaboration with major EV brands. A significant announcement regarding the EV race is anticipated later this month.