Alternet Systems Inc. (OTCMKTS:ALYI) has confirmed on March 28, 2022, about scheduling an update on March 31, 2022, for disclosing more details regarding its Latin American expansion. The company has recently announced that it has made initial inroads into expanding its current electric motorcycle production for ride-hailing services into Latin America.
Trading Data
On Monday, ALYI stock gained 3.53% to $0.0088 with more than 9.24 million shares traded, compared to its average Monday of 13.31 million shares. The stock moved within a range of $0.0083 – 0.0088 after opening trading at $0.0088.
ALYI Confirms Latin America EV Expansion Update Coming This Thursday
The company is involved in developing an EV Ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system. It has established the centre of its EV Ecosystem in East Africa and already begun an extensive rollout of a comprehensive electric motorcycle enterprise.
As of now, the company is deploying electric motorcycles into the thriving motorcycle taxi market. In Latin America, ride-hailing apps such as Uber have already deployed solutions for motorcycle ride sharing. Alternet Systems is looking to make significant strides in the industry. It plans to make electric motorcycles available to ride-hailing app drivers – if implemented successfully, the idea has great potential.
The company has come up with an innovative financing strategy for its EV ecosystem, which is based on cryptocurrency. Participating in the Alternet Systems’ EV Ecosystem is facilitated through the sale of Revolt Tokens (you can find out more about them at https://rvlttoken.com/).
Technical Data
ALYI stock is below the 50-Day and 200-Day Moving averages of $0.0093 and $0.0201 respectively. However, the stock is trading above the 20-Day moving average of $0.0083.
