Alternet Systems Inc. (OTCMKTS:ALYI) jumped 10%after announcing a possible M & M&A opportunity from its evolving electric motorbike pilot in Kenya to expand the company’s EV market share. CEO Randell Torno is in Nairobi to oversee various aspects of the motorcycle pilot and coordinate with pilot partners and parties.
Randel discovered during his pilot meetings an opportunity to expand the company’s EV initiative beyond the motorbike taxi market to commercial fleet EVs. The Kenyan EV mark is growing fast, and there are several EV initiatives with most facing capital constraints. As a result, the company is creating a plan to consolidate local resources and expand and accelerate EV market share expansion.
The company recently announced that its crypto funding partner Revolt Token would unveil a new RVLT feature that the management anticipates to be received well by the crypto community. ALYI is creating an EV ecosystem solution to advance the EV with continuous EV tech contribution advanced through the ongoing participation of EV sector leaders. Therefore, ALYI is worth watching in weeks to come.