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    1.0.32

    A Kenyan Share-Ride Client' has Ordered $1M Electric Motorcycles from US-Based Firm

    Business
    By Business Reporter
    - February 06, 2019
    - February 06, 2019
    Kenya Business news
    A Kenyan Share-Ride Client' has Ordered $1M Electric Motorcycles from US-Based Firm

    A Kenyan ‘shared-ride client’ has ordered $1 million electric bikes from US-based ReVolt Electric Motorbikes, subject to a pilot test.

    ReVolt Electric Motorbikes is a new company conceived by Alternet Systems, Inc. and launched as an Alternet subsidiary. Its long-term object is to become a leader in the production of electric motorbikes as daily drivers in the developing economic regions of the world, where motorcycles, scooters and mopeds are the primary mode of transportation.

    The ReVolt Electric Motorcycle is a stylish retro design with a rugged structure coming with two saddle seats and a sidecar.

    Alternet Systems says the Kenyan client will make an order for 100 of its ReVolt Electric Motorcycles. The price per unit is $10,000 making the order total $1 million.

    “ALYI management anticipates the electric motorcycle to pass the client’s pilot test and trigger the initiation of the 100-motorcycle order. The pilot test is expected to bode well for two additional client pilot tests triggering an additional $500,000 in orders,” it said in a statement.

    It did not mention the name of the client. A number of firms in Kenya have publicly announced intentions to introduce ride-sharing platforms.

    Alternet is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes.

    The current global market for motorcycles, scooters and mopeds is approximately 130 million units per year resulting in $120 billion in annual sales. As per capita income in developing economic regions continues to improve, motorcycle, scooter and moped sales are correspondingly expected to grow.

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