Alternet Systems pilots EV rideshare in Ethopia

Aug. 24, 2021 9:40 AM ETALYIBy: Manshi Mamtora, CFA1 Comment

Electric vehicles charging station on a background of a truck
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  • 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'

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