Seeking Alpha - Alternet Systems Pilots EV Rideshare in Ethiopia

August 24, 2021 -- InvestorsHub NewsWire -- via pennymillions -- 

  Alternet Systems, Inc. (ALYI)      By: Manshi Mamtora, CFA

 

• Alternet Systems (OTCPK:ALYI) expands its electric vehicle rideshare business pilot to Ethiopia.
• The company launched a pilot in Kenya in July in conjunction with a 2,000 electric motorcycle order.
• CEO Dr. Randell Torno expects to begin delivering on the 2,000 electric motorcycle order before the end of the year.
• Company intends to publish a specific revenue shortly.
• “Where Kenya uses motorcycles as taxis and delivery vehicles, Ethiopia uses three wheeled ‘Tuk Tuks. So part of the groundwork involved in our expansion to Ethiopia included finding a Tuk Tuk manufacturer open to an EV collaboration.  We now have a manufacturer relationship and expect to have our first electric Tuk Tuk’s on the road in Ethiopia soon, well before the end of the year.” said Dr. Torno.
• Connected: 'Alternet Systems announces new contract for expanding EV ecosystem'

• Now Read: ALYI EV Rideshare and Self-Drive rental pilot on track in Africa

Source - https://seekingalpha.com/news/3733538-alternet-systems-pilots-ev-rideshare-in-ethopia?mail_subject=alyi-alternet-systems-pilots-ev-rideshare-in-ethopia&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

Other stocks on the move include - PBYA, ILUS and OZSC.

 

SOURCE: pennymillions