Pilot ALYI EV Rideshare and Self-Drive on track rental in Africa
The MODUS Applied Innovations design team has completed a scheduled evaluation with Alternet Systems for its electric motorcycle development program. The company has a contract to supply and install electric motors in the motorcycle taxi market in Kenya; ALYI wants to build a free rental system that can be launched in Kenya through a mobile app for electric motors.
Alternet Systems (ALYI) raises $1 million to fund strategic expansion of EV
ALYI secured a $1 million investment in Zoomcar to fund the expansion of the EV ecosystem; Alternet purchased a preferred stock of a $2.50/share zoom car convertible. In addition, the company will update a new ALYI contract, which significantly extends the company’s electric vehicle ecosystem overview and strategy. This deal reflects an extension of the EV industry beyond its entry into vehicle sharing in East Africa and offers a chance for geographic expansion.
ALYI Announces New Revolt Token Website With New Purchase Features And 25 Bonus For Pre-July Purchases.
Revolt Token Enhancements
RevoltTOKEN introduces a new website with improved Revolt Token shopping features, including reduced minimum purchase requirements and a faster shopping experience. A 25% incentive will be given to customers who purchase before the next general feature update in July. In addition, the company has recruited a new Advisory Committee, including Dr. Randell Torno, CEO of electric vehicle development company Alternet Systems (OTC: ALYI), and Mr. Gonzalo González, CEO of IQSTEL (OTCQB: IQST), an electric vehicle developer. The annual race event will be held at the same time as a symposium and exhibition on electric transport. ALYI sets itself apart from other electric vehicle industries in its ecosystem strategy for electric vehicles and its dedication to democratizing the electric vehicle ecosystem.
Alternet (ALYI) Stock rose 75%. How did this happen?
The value of Alternet Systems Inc (OTCPINK: ALYI) increased 74.63 percent to $0.0592 in the last session. In contrast to the normal weekly volume of 34.36 million shares, ALYi’s stock moved 145.69 million shares. The company is convinced that its EV Ridesharing and Self-Drive Rental programs will continue across Africa.
Alternet Systems, Inc. (ALYI) Inventory: A Quick Summary
Alternet Systems, Inc. (ALYI) is an Austin, Texas-based company with a market capitalization of ~$3.6 billion and a market share of ~3.8%.
Alternet is a renewable energy infrastructure company that develops and markets proprietary technologies to produce low-carbon electricity. The company is primarily engaged in the business of building and operating environmentally sustainable energy storage systems. Alternet’s technology uses “Super-AC / DC” batteries, which use liquid electrolytes instead of traditional metal-containing chemistry, which makes them safer and lighter due to the use of copper-nickel anodes. Alternet batteries also have a longer lifespan and require much less maintenance than lithium-ion batteries.
Reasons to buy
The new directors who have recently joined the company’s board have extensive experience in the technology industry, and analysts consider them to be smart, experienced, and well educated. The new director of the board (former CEO of Turing Pharmaceuticals, who was previously CEO of Synageva Pharmaceuticals and CFO of Bristol Myers Squibb) has a 60% stake in the company and another director of the board (former CEO of Good Systems, a company of ($4.5 billion) owns 40% of the company. After the recent three-by-two split, believed to be at the right time, the stock is now 1.25 times the size of its former owner, and this could create a good confluence of stock demand.
On the one hand, it’s always exciting when a start-up is backed by a blue-chip venture capital firm. On the other hand, it is believed that sometimes venture capital money is too much and can derail a solid business plan. The company has raised ~$130 million in capital, which is ~$50 million more than needed to meet its needs in the coming years.