U.S. markets closed
  • S&P 500

    3,811.15
    -18.19 (-0.48%)
     
  • Dow 30

    30,932.37
    -469.64 (-1.50%)
     
  • Nasdaq

    13,192.35
    +72.92 (+0.56%)
     
  • Russell 2000

    2,201.05
    +0.88 (+0.04%)
     
  • Crude Oil

    61.66
    -1.87 (-2.94%)
     
  • Gold

    1,733.00
    -42.40 (-2.39%)
     
  • Silver

    26.70
    -0.98 (-3.56%)
     
  • EUR/USD

    1.2088
    -0.0099 (-0.81%)
     
  • 10-Yr Bond

    1.4600
    -0.0580 (-3.82%)
     
  • GBP/USD

    1.3922
    -0.0091 (-0.65%)
     
  • USD/JPY

    106.5500
    +0.3200 (+0.30%)
     
  • BTC-USD

    45,965.07
    -1,598.92 (-3.36%)
     
  • CMC Crypto 200

    912.88
    -20.25 (-2.17%)
     
  • FTSE 100

    6,483.43
    -168.53 (-2.53%)
     
  • Nikkei 225

    28,966.01
    -1,202.26 (-3.99%)
     

ALYI Electric Vehicle Program Leads Sub Saharan Africa Electric Vehicle Trend

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Newsfile Corp.
·4 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Dallas, Texas--(Newsfile Corp. - February 2, 2021) - Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted a Financial Times article on electric vehicles in Sub Saharan Africa. The article includes data that ALYI management asserts as a validation of the ALYI electric vehicle ecosystem strategy targeted on Sub Saharan Africa starting in Kenya.

Highlights from the article include:

"An EY report on foreign direct investment found that cleantech is part of Africa's next wave of emerging sectors. The UN Global Fuel Economy Initiative is working on setting baselines for fuel economy and policy development for efficient light-duty vehicles, including electric, in at least 10 African countries."

"Currently, more than 93 per cent of Kenya's electricity demand was met by renewable energy and the country has secured funding to electrify its new rail system."

See the full article by following the link below:

Why Sub-Saharan Africa's teeming cities need electric vehicles

ALYI last week announced finalizing plans for its first rideshare electric motorcycles to go into service by July of this year. ALYI has an order to deliver 2000 electric motorcycles in Kenya to be deployed into the motorcycle taxi (boda) market. The first delivery schedule for July is intended to support a first phase, pilot rollout of the rideshare service.

ALYI's Revolt Electric Motorcycle Program is only a small part of the company's comprehensive strategy to build a far-reaching electric vehicle ecosystem.

The success of any electric vehicle will depend on the simultaneous availability of an entire network of solutions necessary to support the electric vehicle.

For example, the electric vehicle support network ranges from the availability of power, to charging stations where power can be accessed, to long-range batteries to make electric vehicles efficient modes of transportation, to connectivity so software updates for motor synchronization and battery optimization applications can be continuously updated along with other electric vehicle user support applications.

ALYI's primary business focus is on its electric vehicle ecosystem strategy out of which electric vehicles will be just one component.

ALYI is building its electric vehicle ecosystem in a region with one of the lowest per capita transportation ratios in the world, Sub Saharan Africa.

To both attract industry leading talent to collaborate in ALYI's electric vehicle ecosystem, and to provide an opportunity to prove innovations coming out of the electric vehicle ecosystem, ALYI is launching an annual electric vehicle race in partnership with a brand name racing organization. The annual race event will be hosted simultaneously with an electric mobility symposium and expo.

ALYI is setting itself apart from the rest of the electric vehicle industry not only through its electric vehicle ecosystem strategy, but also through its commitment to democratize the electric vehicle ecosystem.

ALYI's financing partner and electric vehicle ecosystem collaborator, RevoltTOKEN, has already provided key funding to advance ALYI's business plan to its current stage. RevoltTOKEN plans to democratize the ALYI electric vehicle ecosystem through the introduction of a dedicated cryptocurrency that will offer holders a participation opportunity in the ecosystem. RevoltTOKEN, the business entity, plans to offer RevoltTOKENs, a cryptocurrency, through an Initial Coin Offering (ICO).

Later this week, we plan to publish a more detailed presentation on our comprehensive electric vehicle ecosystem strategy.

Starting now, we anticipate beginning to announce electric vehicle collaboration partnerships.

Earlier today, one such collaboration partnership was announced with IQSTEL, Inc. (OTC Pink: IQST):

IQST - iQSTEL Enters Agreement To Develop Proprietary Electric Vehicle Battery For Alternet Systems Revolt Electric Motorcycle

For more information and to stay up to date on ALYI's overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73453