ALYI CEO Sees Potential Expansion Of EV Taxi Program From 2,000 to 20,000 Orders
17 August 2021 - 4:39AM
InvestorsHub NewsWire
Dallas, TX --
August 16, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today release a report from CEO Dr. Randell
Torno on the company’s Electric Vehicle (EV) Taxi Pilot program in
Africa.
Dr. Torno
recently returned to Dallas following EV Pilot waypoint meetings in
Nairobi managing the company’s ongoing EV Taxi Pilot Program.
Dr. Torno also visited Addis Ababa in conjunction with an
anticipated expansion of the Pilot into Ethiopia. Below is
Dr. Torno’s report following the waypoint
meetings.
CEO EV Taxi
Pilot Program Waypoint
Report:
There is a key
word we use to describe our Electric Vehicle Pilot Program.
That word is “comprehensive.” It’s important, I think, for
people to understand that we are not testing an electric
motorcycle, we are testing a specific business solution that
utilizes electric
motorcycles.
Piloting an
electric motorcycle is a simple process. Piloting an
enterprise that engages an electric motorcycle is
comprehensive.
We already
know the electric motorcycles in the Pilot Program work. We
know how far the batteries can take the bikes. We know how
much weight can be carried by the bikes. Now we are trialing
a business solution that has the potential rapidly utilize
thousands of electric
motorcycles.
If we were
introducing an electric motorcycle to the consumer market, we would
have to develop an overall marketing program that created demand
amongst individuals with the resources to individually purchase an
electric motorcycle. We’d be competing with brand names to include
Harley Davidson, and Harley Davidson’s not had too much success,
with all the resources behind their brand, getting an electric
motorcycle introduced to the consumer
market.
Instead, we
are introducing an electric motorcycle solution to an existing
enterprise that already uses millions of combustion engine
motorcycles – the motorcycle taxi or boda-boda market in
Africa. We are not trying to convince millions of individual
consumers on the benefits of our value proposition. We are
trying to convince a few individuals that have decision making
authority over the engagement of millions of motorcycles on the
benefits of our value
proposition.
The purpose of
our pilot is to demonstrate that the deployment of electric
motorcycles into the boda-boda enterprise can work as efficiently,
if not more efficiently, than the combustion engine motorcycles
currently deployed in the boda-boda
enterprise.
Our pilot
program has to address, importing, maintenance, charging, and
financing among other enterprise pacing items. Our electric
motorcycle solution’s ability to address key enterprise pacing
points has to be deemed credible by boda-boda management firms,
drivers’ co-ops, local financing institutions, local manufactures
and importers as well as the government officials that regulate
various aspects of the boda-boda
enterprise.
I believe our
pilot program is being well received by all boda-boda key parties
in regard to all essential boda-boda pacing points. I am
optimistic that our first electric motorcycle deployment target
following the pilot can be 20,000 electric motorcycles far
surpassing the 2,000 trial order we built the pilot around. I
believe the number can rapidly grow from
20,000.
Electric
motorcycles are good for the environment, but the business
deployment of electric motorcycles has to be equally efficient to
combustion engine motorcycles in order for the environmental
benefits to be
achieved.
While the
argument that any additional expenses that come with the adoption
of electric vehicle alternatives should be acceptable in order to
achieve the associated environmental benefits might hold water in a
developed economic region, that argument is a reach in a developing
economic region already suffering essential resource
shortages.
Our
comprehensive pilot has the goal of achieving environmental
benefits with an economically efficient solution. I am
confident our pilot can meet this goal. I expect to be back
in Kenya later this month and I look forward to continuing to
report on the progress of our
pilot.
Dr. Randell
Torno, CEO
ALYI has
seeded an overall EV ecosystem solution with the development of its
own EV motorcycle business discussed
above.
Instead of
introducing a single EV product, ALYI’s business focus is on the
introduction of an EV ecosystem that addresses the entire EV
adoption environment from the perpetual design of best in class
vehicles to the perpetual design of the myriad of mechanical and
digital systems that go into a best in class vehicle; from the
charging and maintenance infrastructure that goes into supporting
consumer and commercial vehicles, to the EV value proposition
itself that drives consumers and businesses to transition from
combustion engines to electric powered
vehicles.
Ultimately,
ALYI does not intend to go it alone on the overall development and
rollout of its EV Ecosystem. ALYI is building a core element into
its ecosystem that attracts, if not compels the participation of
all would be brand name EV industry leaders in an annual EV
symposium and conference. The EV symposium and
conference will be anchored by an EV race event in Kenya that comes
with a substantial brand
name.
The EV race
market was valued in 2019 at
over $80 billion dollars and is anticipated to grow to over $200
billion by 2025.
ALYI’s EV
ecosystem is founded on building participation in an EV race event
as a central component in advancing EV technology and EV
branding.
ALYI has been
developing a partnership with a major EV racing brand for more than
two years now. Over a year ago, ALYI entered into a formal
partnership agreement that includes that EV racing brand. The
first milestone objectives contemplated under the agreement have
been achieved and the next steps are imminent. ALYI expects
the next steps to include naming the EV racing brand at which time,
ALYI management anticipates ALYI’s overall visibility within the
global EV market to be substantially
elevated.
The objective
of the EV symposium and conference anchored by an EV race is to
advance EV technology by building EV solutions for the African
market – a power constrained, rugged environment with one of the
lowest per capita transportation deployments in the world. EV
solutions for the African market will be applicable the world
around. EV solutions designed and built in Africa also
contribute to building an autonomous African
economy.
ALYI has
designed its EV ecosystem solution to include democratized
participation. ALYI has partnered with ReovltTOKEN to finance
ALYI’s growth by offering participation in the EV ecosystem through
the sale of Revolt Tokens.
To learn more
about RevoltTOKEN and how to participate in ALYI’s electric vehicle
ecosystem through the purchase of Revolt Tokens,
visit https://rvlttoken.com/.
ALYI plans to
make a major announcement later this month regarding the EV race
that management expects will garner substantial attention to ALYI’s
overall EV Ecosystem
strategy.
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.
For more information, please
visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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