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The ALYI news page on Stock Titan provides an organized view of historical and transitional news related to Alternet Systems, Inc. (ALYI) and its evolution into MBAK Energy Solutions, Inc. (f/k/a Alternet Systems, Inc.). Company releases describe how the business moved from an electric vehicle and e-mobility focus under the ALYI symbol toward a broader role in non-fossil fuel energy products and battery technologies under the MBAK ticker.
Earlier news items under ALYI discuss the company’s electric motorcycle taxi strategy, an electric vehicle racing initiative, and merger and acquisition explorations intended to adapt its EV ecosystem vision. These updates highlight efforts to develop electric motorcycle assets and consider potential combinations with other businesses to strengthen its position in the electric vehicle market.
Later releases identify MBAK Energy Solutions, Inc. as formerly known as Alternet Systems, Inc. and describe activities such as designing and producing lithium, sodium, and solid-state batteries for industrial, medical, portable electronics, and EV applications. News also references Battery Energy Storage System (BESS) contracts for an Indian power grid, demand for batteries for electric two- and three-wheelers, and supply of battery cells for data center power facilities.
Another key news item notes that MIA Global, Inc. is acquiring the controlling interest in Alternet Systems, Inc., making ALYI a MIA Global affiliated company and indicating potential changes in branding and business focus. By reviewing these articles together, readers can trace how ALYI’s EV and e-mobility initiatives connect to the battery-focused operations described for MBAK Energy Solutions, Inc.
Alternet Systems, Inc. (USOTC: ALYI) announced expectations to exceed $1 million in revenue from its electric vehicle ecosystem, driven by the Retro Revolt Electric Motorcycle orders by year-end. Alongside these developments, the company is enhancing its EV motorcycle business initiatives in Kenya and Ethiopia and is finalizing production designs. ALYI aims to establish an integrated EV ecosystem, focusing on optimizing infrastructure and technology for the African market. Plans for an EV symposium anchored by a race event in Kenya are underway, aiming to attract major industry players.
Alternet Systems, Inc. (OTC Pink: ALYI) anticipates surpassing $1 million in revenue by year-end from its electric vehicle ecosystem. The company is set to convert its waiting list for Retro Revolt Electric Motorcycles into orders, supported by a recent partnership with a manufacturing provider. ALYI is piloting an EV rideshare business in Kenya and expanding into Ethiopia. The company aims to finalize production design for its motorcycles soon and has plans for a significant announcement regarding an EV race event that aligns with its overall EV Ecosystem strategy.
Alternet Systems, Inc. (USOTC: ALYI) anticipates exceeding $1 million in revenue from its electric vehicle ecosystem by year-end 2021. Instead of focusing on a single product, ALYI is developing a comprehensive EV Ecosystem, including electric motorcycles, charging, maintenance infrastructure, and more. Key developments include a pilot program launched in Kenya and an expansion into Ethiopia, aimed at replacing combustion engine motorcycles with electric alternatives. The company is also planning an EV symposium and race to enhance brand visibility and technology in the African market.
Alternet Systems, Inc. (OTC Pink: ALYI) expects to surpass $1 million in revenue by year-end 2021 from its electric vehicle ecosystem. Instead of launching a single product, ALYI focuses on a comprehensive EV ecosystem, including vehicle design, infrastructure, and the transition from combustion engines. A pilot electric motorcycle program in Kenya, with a 2,000-unit order, is set for delivery before year's end. Recently, the company expanded its EV rideshare pilot into Ethiopia, aiming to replace combustion motorcycles. A major announcement regarding an EV race event is expected.
Alternet Systems, Inc. (USOTC: ALYI) has expanded its Electric Vehicle (EV) Rideshare Pilot to Ethiopia, following a similar pilot in Kenya. The company is set to deliver 2,000 electric motorcycles before the year's end. CEO Randell Torno stated that a three-wheeled 'Tuk Tuk' manufacturer partnership has been secured for the Ethiopian market. The global motorcycle taxi market is valued at $16 billion and expected to grow to over $29 billion by 2026. ALYI aims to create an integrated EV Ecosystem and enhance its visibility in the global EV market through partnerships and an upcoming EV symposium anchored by a racing event.
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.
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