{"id":41340,"date":"2019-04-11T13:53:38","date_gmt":"2019-04-11T17:53:38","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=41340"},"modified":"2019-04-18T09:56:08","modified_gmt":"2019-04-18T13:56:08","slug":"alternet-systems-aiming-to-shore-up-20-million-order-for-electric-motorcycle-taxis","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/alternet-systems-aiming-to-shore-up-20-million-order-for-electric-motorcycle-taxis-41340","title":{"rendered":"Alternet Systems Aiming to Shore Up $20 Million Order for Electric Motorcycle Taxis"},"content":{"rendered":"\n<br>\n\n\n\nShares of Alternet Systems, Inc. (OTCPK:ALYI) are trading ahead on Wednesday afternoon, continuing to hold the majority of gains after a spike last week. \u00a0The diversified energy solutions company has recently been riding higher on news of a potential $20 million order from Kenya for its new ReVolt electric motorcycles.<br>\n\n\n\nTo that end, management is currently visiting Kenya, meeting with potential partners and exploring facilities as part of its due diligence and plans to open an assembly plant for manufacturing the motorcycles for sales in the East African country and across the continent. &nbsp;Alternet previously disclosed a confirmed $1.5 million order from Kenya for its lithium battery-powered ReVolt motorcycles in addition to the $20 million order it is aiming to finalize.<br>\n\n\n\nThe electric motorcycles will include a sidecar and be used as motorcycle taxis, or \u201cboda boda\u201d taxis as they\u2019re called locally. &nbsp;Considering many of today\u2019s boda boda taxis don\u2019t have a sidecar and are little more than piling a few people on a motorcycle, the ReVolt solution greatly improves on safety to commuters.<br>\n\n\n\nRide-hailing behemoth Uber already offers a boda boda option in Kenya. &nbsp;Last April, Uber hopped into bike-sharing space by acquiring start-up JUMP for reportedly for close to <a href=\"https:\/\/techcrunch.com\/2018\/04\/09\/uber-acquires-bike-share-startup-jump\/\">$200 million<\/a>. &nbsp;The car-hailing business in Kenya\u2019s capital of Nairobi has gotten fierce, with companies like Uber, Taxify and Little Cab fighting to dominate the market. &nbsp;Uber has slashed its prices in recent years, earning the ire of its drivers that make a threadbare living as it is and causing some to <a href=\"https:\/\/www.theeastafrican.co.ke\/business\/Auctioneer-hammer-to-fall-on-uber-cars\/2560-5060122-hy88boz\/index.html\">default on loans<\/a> for their \u201cUber Chap Chap\u201d vehicles.<br>\n\n\n\nIf Alternet secures the $20 million contract, it immediately becomes a player in the country. &nbsp;Importantly, it positions Alternet as a valuable supplier whose products should give its customers the opportunity to be competitive due to lower operating costs for electric motorcycles compared to cars.<br>\n\n\n\nAll the aforementioned companies are vying for a piece of a global ride-sharing industry that research firm Markets and Markets forecasts to grow at a compound annual growth rate of 19.9% from $61.3 billion in 2018 to reach $218.0 billion in 2025.<br>\n\n\n\nALYI investors will be looking ahead to the company\u2019s scheduled release of an out-brief presentation this Friday, April 12. &nbsp;The report will summarize the trip to Kenya and provide the latest regarding the status of the $20 million order.<br>\n\n\n\nAs the day winds towards a close, shares of ALYI are ahead 4.2% at 3.96 cents. &nbsp;After trading near half a penny in January, shares have galloped ahead as high at 6.95 cents in February before retracing and subsequently starting a new climb.\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>Shares of Alternet Systems, Inc. (OTCPK:ALYI) are trading ahead on Wednesday afternoon, continuing to hold the majority of gains after a spike last week. \u00a0The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":40945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[13510,13512,13511],"stock_ticker":[],"class_list":["post-41340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-alternet-systems","tag-alyi","tag-inc-otcpkalyi","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alternet Systems Aiming to Shore Up $20 Million Order for Electric Motorcycle Taxis - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/alternet-systems-aiming-to-shore-up-20-million-order-for-electric-motorcycle-taxis-41340\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alternet Systems Aiming to Shore Up $20 Million Order for Electric Motorcycle Taxis - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Shares of Alternet Systems, Inc. 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