ALYI Strikes Rich New Vein In
Global UBER And Lyft Rideshare Market
August 28, 2019 -- InvestorsHub NewsWire -- via Seeking Alpha:
BioResearch Alert Blog --
Aug. 27, 2019 10:11 PM ET|About: Alternet Systems, Inc. (ALYI), Includes: HOG, LYFT, TSLA, UBER
- Rideshare market is over $50 billion
and projected to reach $220 billion by 2025.
- ALYI is beginning to mass produce Revolt Electric Sidecar
Motorcycles for single passengers that have far less
weight to transport and are more cost-effective than cars with too
many unused seats and excess weight.
- ALYI is targeting developing-nation markets and also U.S. and
developed nations as rideshare industry shifts toward smaller, more
efficient vehicles like ReVolt Electric Motorcycles with single
passenger sidecar.
- ALYI announced agreements to manufacture first $20 million of
$50 million in ReVolt Electric Sidecare Motorcycles to be used in
Nairobi, Kenya. Sales potential is explosive.
- ALYI market capitalization is only $2.2 million.
Summary
UBER, Lyft, and the host of other competitors providing
rideshare services are enjoying powerful new growth. As the
industry grows, new business models will surface that utilize the
most efficient transportation modes. Achieving lower costs is one
of the biggest driving forces that will determine success to the
industry. Alternet Systems, Inc. (ALYI:
OTC) is preparing to enjoy one of the First-To-Market
advantages with their crowd pleasing, low-cost, ReVolt Electric
Motorcycle Sidecar that offers efficient, low-cost, single
passenger seating with no wasted seats.
ALYI’s electric vehicle focus today is on selling to shared ride
vendors in Africa, not individual consumers. The transportation
trend in Africa points toward consumers adopting shared rides as
the primary means of transportation in the future and never
adopting a widespread privately-owned vehicle custom. ALYI is a
leader in targeting the African shared ride trend with electric
vehicles.
Transparency Market Research says, “The global ride
sharing market is primarily driven by the inability to own a
vehicle predominantly among mid- and lower-income group population.
Asia Pacific and Latin America account for a significantly lower
number of vehicles per 1000 persons. Ride-sharing offers the users
a sense of owning a vehicle at a much lower cost than owning one.
Therefore, consumers are preferring ride-sharing services. High
volatility in fuel prices, rising traffic congestion, increasing
working class population demands for daily commute in urban areas
of major countries, supplemented by limited provision of public
transit support in some countries and supportive government
initiatives for expansion of ride-sharing activities are fueling
the global ride-sharing market. Additionally, factors such as rise
in daily commute to work places in urban areas and increased need
to save fuel, which is wasted in such congestions, by providing a
ride to commuters and colleagues heading along the same route are
anticipated to fuel the global ride-sharing market.”
African Electric Vehicle Assembly Plant and Initial $20
Million Order
ALYI’s ReVolt Electric Motorcycle with side car is a sound and
logical entry fit for the Africa. Specifically, it’s a good fit for
the shared vehicle market where motorcycle taxis are already a
culturally accepted norm. Better yet, with a local assembly plant,
ALYI can contribute to the local economy helping to improve future
consumer purchasing power.
Accordingly, ALYI has entered into an LOI to establish an
electric vehicle assembly plant in Kenya for producing first
electric motorcycles and later additional electric vehicle models
all for distribution through the African continent. The intended
agreement to result from the LOI includes an initial $20 million
order of 2,000 ReVolt Electric Motorcycles to be assembled in the
new assembly plant.
A study published by Arizona
State University shows that urban populations such as Kenya in
Africa cannot afford ownership of motorized transportation and are
therefore ripe for ridesharing in low-cost, sidecar electric
motorcycles. Kenya has a population exceeding 52 million. Most of the 1.2 billion
African population cannot afford vehicle ownership and are also
excellent target users for inexpensive rideshare using low-cost
electric motorcycle sidecars for transportation.
Armed with the knowledge that the problem of inefficient
vehicles with too many seats going unused and excess weight is a
global problem encompassing developed nations even like the U.S.,
Alternet also plans to offer their really cool and hip ReVolt
Electric Motorcycle with passenger sidecar to users in the United
States and other developed nations.
Randell Torno, Alternet’s Chairman and CEO
says, “The African Strategy is just one of ALYI’s
initiatives. ALYI continues with its existing initiatives to
improve the efficacy of the prevalent use of lithium as a material
for batteries. ALYI also continues with its current initiatives to
have hemp utilized as a better resource for energy storage than
lithium or other currently utilized materials. ALYI’s recent
partnership with Nouveau (NOUV) to build a hemp
cultivation facility in New York State is well underway. ALYI
continues with its existing energy storage innovation efforts in
the military sector. In fact, ALYI just filed its 2018 annual
financial statement reporting a quarter of a million dollars
generating from consulting revenue in the military sector. The
African Strategy outlined herein, is a major step forward that both
compliments and enhances the company’s other initiatives. The
African Strategy is not the company’s only major new project in the
works. Look for a lithium sector related acquisition development in
the works to soon be disclosed.”
Conclusion
ALYI is currently undiscovered and undervalued and has a very
small market cap of about $2.2 million. Armed with large LOI’s, the
company is expecting to begin reporting sales that are magnitudes
greater than their market cap. The share price is exceptionally low
now at less than one penny and with the first $20 million order in
the bag, shareholders can expect much higher prices in the near
future as ALYI appears to have an exceptionally bright future in a
very high-growth industry of ride sharing.
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Except for the historical information presented herein, matters
discussed in this release contain forward-looking statements that
are subject to certain risks and uncertainties that could cause
actual results to differ materially from any future results,
performance or achievements expressed or implied by such
statements. Emerging MicroCaps or BioResearchAlert or its
principals may have been compensated for its services. The
Information contains forward-looking statements, i.e. statements or
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''expects,'' ''will,'' ''anticipates,'' and ''estimates'';
therefore, you should proceed with extreme caution in relying upon
such statements and conduct a full investigation of the Information
and the Profiled Issuer as well as any such forward-looking
statements.
Disclosure: I/we have no positions in any
stocks mentioned, and no plans to initiate any positions within the
next 72 hours.
Original Post - https://seekingalpha.com/instablog/21922151-bioresearch-alert/5344812-alyi-strikes-rich-new-vein-global-uber-lyft-rideshare-market
SOURCE: Seeking Alpha: BioResearch Alert Blog
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