Alternet Systems, Inc. (OTC Pink: ALYI) is on pace to have its best year ever. In fact, with several catalysts expected, July could prove to be the most transformational period in its history.
On Wednesday, ALYI announced that it remains on pace to initiate the debut of its planned annual electric vehicle (EV) race and symposium in Nairobi, Kenya. More than a gathering of the brightest minds in the EV sector, ALYI expects it will also be an opportunity to create and enter into substantial business generating opportunities. In fact, that’s one of the primary goals of the event.
It’s also a time where ALYI can show off its electric vehicle technology and highlight its developing rideshare program for the African market. Moreover, they plan to introduce a self-drive EV bike rental program to further target this densely populated market with fewer vehicles per capita. Additionally, ALYI expects that its technologies, services, and products will be instrumental in helping Africa build out a robust transportation infrastructure, with its rideshare initiatives playing a significant role.
Best of all, the event will present a prime opportunity to show off its ReVolt EV motorcycle, it’s flagship EV product that is expected to have its first delivery this month. In fact, having already secured a 2000-unit order for its ReVolt motorcycle in Kenya, the remainder of this year can be an opportune time to show why ALYI believes it’s a best-in-class EV option, especially for the African boda-boda markets.
Targeting Africa’s $4 Billion Market Opportunity
Keep in mind, ALYI’s innovative ReVOLT EV motorcycle has already sparked interest in the industry, thanks to its classic design, innovative mechanisms, and energy efficiency that make it an ideal vehicle for densely populated rideshare markets.
In fact, as noted, the company is already preparing to enter Africa’s $4 billion motorcycle taxi and ride-hail market following an order for 2000 motorcycles for the Kenyan market. Better still, the first of these deliveries are scheduled for July 2021, and ALYI believes that the benefits offered by its electric motorcycle and its supporting ecosystem will enable it to quickly expand its market share across the rest of the continent.
In addition to its rideshare trial program, ALYI also announced the development of a self-drive rental program that utilizes its electric motorcycles. To drive additional revenues, ALYI plans to rent out shared EV motorcycles in Kenya that can be unlocked via a smartphone app and operated by the user, similar to how shared electric scooter business Bird has generated millions by renting out electric scooters in metropolitan areas.
The self-drive rental program is an excellent addition to the company’s rideshare service and is a perfect complement to the African market, whose densely populated cities and the low number of vehicles per capita present a compelling market opportunity. It’s easy to implement as well. Users of the service would simply jump on an electric motorcycle and drive themselves to their destination, eliminating the need to wait for a driver. Indeed, the business can be a substantial revenue driver to ALYI over the coming quarters.
Best of all, as the program would bypass the need to pay a driver for these rides, the business model could deliver substantial high-margin revenues without an inordinate amount of capital exposure.
Supplying an All-Encompassing Electric Vehicle Ecosystem
One of the most important takeaways for near and long-term investors is that ALYI’s EV motorcycle program is only the beginning of the company’s broader aim to build a wholly-owned electric vehicle ecosystem.
In fact, that’s important to the mission, with ALYI understanding that the success of any electric vehicle is dependent on the simultaneous availability of the entire network of solutions necessary to support it.
That network would comprise many companies that provide components that allow electric vehicles to function, including the availability of power, charging stations, long-range batteries, and internet access for software upgrades. Thus, while the launch of ReVolt is a catalyst, investors should know that it’s only the first step in ALYI’s overall business strategy. By developing and supporting an entire ecosystem of services to support them, the company expects to generate consistent and long-term revenue streams from its customers.
Moreover, through its innovative approach and commitment to developing a comprehensive EV ecosystem, ALYI is already well on its way to becoming a leader within the boda-boda rideshare market. Better still, ALYI received critical funding from its financing partner and electric vehicle ecosystem collaborator RevoltTOKEN, and other partnerships are helping to create value as well.
IQST Brings New Opportunities
One of the most exciting collaborations is ALYI’s joint efforts with iQSTEL (OTC: IQST). Investors should follow this partnership closely as it could prove transformational in helping ALYI offer products that are both powerful and competitively superior.
The partnership between ALYI and IQST is primarily focused on developing groundbreaking battery technologies that can transform the electric vehicle industry. HD thin-film technology and industrial hemp are two of its novel energy solutions in development, demonstrating the ability to offer a more robust and energy-efficient alternative to current electric vehicle batteries. These technologies have enormous potential, and successfully creating that solution could pave the way for a wide range of uses beyond electric motorcycles.
Other development-stage products and services being developed with IQST include battery geolocation, maintenance processes, online diagnostic communications, and remote configuration. The cutting-edge advantages offered by the two could also accelerate ALYI’s pioneering presence in the sector. In fact, ALYI believes that the unique strengths of its technologies could be industry-leading, creating an opportunity to generate significant returns through business partnerships and licensing agreements.
H2 2021 is Set to Continue ALYI’s Rapid Expansion
Indeed, if ALYI stays true to its plan, the back half of this year could be a substantial value-creating period of growth. It could also keep them a significant player in the African rideshare markets.
And with its improved balance sheet, partnerships with industry experts, and the imminent launch of its ReVolt electric motorcycle in Kenya, the company is well-positioned to seize on massive opportunities as early as this month.
Undoubtedly, ALYI has ambitious plans. Still, they are certainly not out of reach. And with financing available and partnerships creating potentially best-in-class products, they can reap the rewards from its mission sooner rather than later.
Better still, if ALYI hits its stride in July, its stock could be presenting a compelling investment opportunity, especially at its current share price. And, with at least one catalyst imminent and several more expected soon after, prices at these levels may not last much longer. Indeed, trading ahead of expected news could be a wise decision.
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