DALLAS, September 25, 2018 /PRNewswire/ --
Alternet Systems, Inc. (USOTC: ALYI) today announced an order for twenty-five of its ReVolt Electric Motorcycles to support a planned inner-city shared ride pilot program in Austin, Texas. Austin Energy is a long-term leader in promoting the use of electric vehicles.Austin Energy started the Plug-In Partners campaign to convince automakers that a consumer market exists in the United States for electric vehicles. The planned inner-city shared ride program designed around ReVolt's stylish retro designed motorcycle with two saddle seats and a side car sees an exceptional opportunity well suited for Austin's lively South Congress and down town dining entertainment district and music festival venue. The initiative also plans to benefit from Austin's purchase rebate programs for two-wheeled electric vehicles .
Uber recently announced a shift away from cars to electric bikes and scooters for short inner-city trips. Inner-city electric scooter service providers such as Lime and Bird have already reached billion-dollar valuations. The North American market alone for electric scooters is expected to reach $795 billion by 2025. Alternet's ReVolt Electric Motorcycle is currently in pilot production and expected to be ready for commercial production before the end of this year.
Goldman Small Cap Research recently issued an updated research report on the Company. The report includes a 'speculative-buy' rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet's new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-rpt/ or http://www.GoldmanResearch.com.
About Alternet Systems, Inc.: Alternet Systems, Inc. (OTC - ALYI) 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. These products are released through its newly launched ReVolt Electric Motorbikes subsidiary.
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