To support that startement, ALYI planned an investor update on
The
Targeting
The planned update follows an already productive month. Last week, ALYI announced that it is still on track to initiate the debut of its planned annual electric vehicle (EV) race and symposium in
Remember, the classic design, innovative mechanisms, and energy efficiency of ALYI's innovative ReVOLT EV motorcycle have already generated significant attention in the rideshare industry. In fact, the company is already preparing to enter
In addition to its rideshare trial program, ALYI also announced the development of a self-drive rental program that utilizes its electric motorcycles. The company plans to rent out shared electric motorcycles in
The self-drive rental program is a great complement to the company's rideshare service and a great fit for the African market, whose densely populated cities and low number of vehicles per capita create a compelling market opportunity. The program would be easy to implement as well. Users could simply hop on ALYI's electric motorcycle and ride themselves to their destination, bypassing the need to wait for a driver. Best of all, as the program would eliminate the need to pay a separate driver for these rides, the business model could deliver substantial high-margin revenues without an inordinate amount of capital exposure. Indeed, the addition of a self-drive program could be a substantial revenue driver to ALYI over the coming quarters.
Supplying The Growing Electric Vehicle Ecosystem
One of the most important takeaways for both short and long-term investors is that ALYI's electric motorcycle program is only the beginning of the company's larger plan of developing a wholly-owned electric vehicle ecosystem.
In fact, this is one of the company's top priorities, with ALYI highlighting the fact that the success of any electric vehicle is dependent on the simultaneous availability of the entire network of solutions necessary to support it.
This network would be comprised of many companies that provide the components that allow electric vehicles to function, including the availability of power, charging stations, long-range batteries, and internet access for software upgrades. Thus, while the launch of ReVolt is a catalyst on its own, investors should remember that it's only the first step in ALYI's overall business strategy. By developing and providing an entire ecosystem of services to support them, the company expects to generate consistent and long-term revenue streams from its customers.
Through its innovative approach and commitment to developing a comprehensive EV ecosystem, ALYI is already well on its way to becoming a leader within the boda-boda rideshare market. Better still, ALYI received critical funding from its financing partner and electric vehicle ecosystem collaborator RevoltTOKEN, and other partnerships are helping to create value as well.
IQST Brings New Opportunities
One of the most exciting collaborations is ALYI's joint efforts with
The partnership between ALYI and IQST is primarily focused on developing groundbreaking battery technologies that could revolutionize the electric vehicle industry. Two of its novel energy solutions currently in development are HD thin-film technology and industrial hemp, both of which demonstrating the ability to provide a more robust and energy-efficient alternative to current electric vehicle batteries. These technologies have enormous potential, and discovering a solution that works could pave the way for a variety of applications beyond electric motorcycles.
Other development-stage products and services being developed with IQST include battery geolocation, maintenance processes, online diagnostic communications, and remote configuration. Thanks to the two companies' cutting-edge technologies, the collaboration could accelerate ALYI's pioneering presence in the sector even further. In fact, ALYI believes that the unique strengths of its technologies could soon provide industry-leading solutions, creating an opportunity to generate significant returns through business partnerships and licensing agreements.
H2 2021 is Set to Continue ALYI's Rapid Expansion
Indeed, if ALYI sticks to its plan, the second half of the year could prove to be a time of substantial growth. It could also help them to secure their position as a major player in African rideshare markets.
Best of all, with its improved balance sheet, partnerships with industry experts, and the imminent launch of its ReVolt electric motorcycle in
Undoubtedly, ALYI has ambitious plans. However, they are certainly not unachievable. And, with financing available and partnerships creating potentially best-in-class products, they can reap the rewards from its mission sooner rather than later.
Should ALYI continue in stride in July as expected, its stock presents a very compelling investment opportunity, particularly at its current share price weakened by broader index losses. And, with at least one catalyst on the horizon and several more on the way, prices at these levels may not last for long. Therefore, trading ahead of expected news, as always, could prove to be a wise strategy in building an ALYI position.
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