ALYI Prospects Bolstered By $28 Billion Ride Share Market Outlook
June 25 2019 - 9:10AM
InvestorsHub NewsWire
ALYI Prospects Bolstered By $28
Billion Ride Share Market Outlook
DALLAS, TX --
June 25, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(ALYI)
(“ALYI”) today highlighted Transparency Market Research’s recent
report with a $28 billion outlook by 2026 for the ride share
market. Specifically the report notes the developing economic
market as a key driver of ride share market
growth.
“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.”
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.
ALYI recently
announced securing an investment partner to back a planned assembly
plant in Kenya to produce ALYI’s ReVolt Electric Motorcycles to be
sold across the African continent. The deal to build the
manufacturing plant includes an initial order for two thousand
ReVolt Electric Motorcycles which would total $20 million in
sales. ALYI has already signed $1.5 million in confirmed
orders for its ReVolt Electric Motorcycles to be delivered in
Kenya.
ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The first product category is
lithium battery-powered motorcycles, to be followed by motorbikes.
ALYI also has an ongoing hemp energy storage initiative leading its
current efforts to introduce an alternative to lithium
batteries.
For more
information, please visit: http://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
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