Category: Motorcycle Business

Harley-Davidson stock rises on plans to take electric motorcycle company LiveWire public

Motorcycle Business

Yahoo Finance Live presenters Brian Sozzi and Julie Hyman analyze Harley-Davidson’s positive performance as they announce plans to take LiveWire, its electric motorcycle business, public through a SPAC deal.

Video transcript

JULIE HYMAN: But let’s talk about another such deal here, and it has to do with Harley-Davidson. The company agreed to create its electric motorcycle division, LiveWire, as it is called. It will merge with SPAC for approximately $1.77 billion. SPAC is called AEA Bridges Impact Corp.

And what’s interesting about that, Brian – and I know you’ve covered this more closely than I have – but you know there was some excitement when HOG came out with these e-bikes, wasn’t there ? And now he gets rid of it. Is this a sign that the division was working well or not so well?

BRIAN SOZZI: I have a lot of ideas on this, but unfortunately we don’t have much time for me to share them. But I thought, I like this case. But there is an interesting aspect to this.

So Harley-Davidson basically partners with KYMCO, a Taiwanese bicycle manufacturer. So it’s a bit strange to see an iconic American company partnering with KYMCO, to basically help produce its electric motorcycle, so there’s that aspect here.

So just from a pure numbers perspective here, it makes sense. This will help, I think, reduce a lot of the costs that Harley-Davidson has incurred over the past three years or so since the initial introduction of LiveWire. That e-bike you see up there on the screen. A very, very fast bike. Not for everyone, of course.

But again, it helps to alleviate some of those costs on the balance sheet, to reduce those costs, and Harley-Davidson could focus, I think, a little more on staying true to its DNA, which in the foreseeable future, might just do an old school of gasoline-powered Harley-Davidson motorcycles. But I understand why the stock is up here. It seems logical to me.

JULIE HYMAN: Yeah. And that makes you wonder, though, you know, given – it’s just interesting the trajectory and the plan that we’ve seen for the automakers against Harley-Davidson here, isn’t it? And say, if you compare it with Ford, for example – and what he talked about in terms of orders for the Lightning, right? The electric version of his F-150 — compared to what we see here, that’s also an interesting contrast, isn’t it?

BRIAN SOZZI: He is. And if you follow the history of Harley-Davidson, last year, last year, under new CEO Jochen Zeitz, I think it led to this, up to this event. They isolated LiveWire a few months ago. Jochen, keep in mind, was president of Harley-Davidson, was named CEO, I believe, in early 2020.

So I think he was behind this development. And that comes at a time when you see the valuation multiples of electric vehicles, power companies, skyrocketing. Of course you have Tesla. You have the likes of Lucid. You have Zero, a manufacturer of electric motorcycles. They managed to raise a good amount of money. Again, I think this is a potentially timely transaction for the company. Still, it’s hard to see this iconic American company teaming up with a Taiwanese company to create what looks to be the future of electric motorcycles.

JULIE HYMAN: Yeah, well, we’ll see what kind of demand and what kind of… maybe what kind of technical expertise they’ll get from that company as well.

Harley-Davidson’s electric motorcycle business to become a publicly traded company

Motorcycle Business

Harley-Davidson’s Electric Motorcycle Company LiveWire Becomes a Public Company

Harley-Davidson Inc. on Monday announced that its LiveWire electric motorcycle business would go public in a deal – valued at nearly $ 1.8 billion – with a London-based acquisitions company.

LiveWire will be listed on the New York Stock Exchange under the symbol LVW. The transaction is expected to close in the first half of 2022, Harley said in a statement.

Harley-Davidson will retain an approximate 74% interest in LiveWire. Shareholders of partner AEA-Bridges Impact Corp. will hold around 17%.

Jochen Zeitz, Harley’s, President, President and CEO, will serve as interim CEO of the new company for a period of up to two years. Ryan Morrissey, whose title is director of electric vehicles at Harley, will be the president of the new company.

“Today’s announcement is a historic milestone with LiveWire on track to become the first publicly traded EV motorcycle company in the United States,†Zeitz said in a statement.

Following: Harley-Davidson avoids 56% tariffs in European Union trade dispute resolution

Following: With increased sales of motorcycles in the United States, Harley-Davidson achieves better-than-expected third quarter

“This transaction will give LiveWire the freedom to fund new product development and accelerate its time-to-market model,†said Zeitz.

AEA-Bridges Impact Corp. is a specialist acquisition company formed by private equity firm AEA Investors and Bridges Fund Management. Special Purpose Acquisition Companies, or SPACs, are used as a shortcut to going public, bypassing the long and expensive process of a traditional initial public offering.

One of the goals of AEA-Bridges Impact Corp. is environmentally friendly projects. Another partner in the Livewire agreement is KYMCO, a Taiwanese manufacturer of motorcycles, scooters and utility vehicles.

“We are at the confluence of two fundamental changes impacting the industry: vehicle electrification and sustainability. LiveWire is well positioned to become the premier brand for sustainable electric motorcycles and redefine the industry by leveraging the manufacturing and distribution expertise of Harley-Davidson and KYMCO â€John Garcia, President of AEA-Bridges Impact Corp. , said in a statement.

Following: Harley-Davidson Doubles Electric Motorcycle Market With LiveWire Brand Launch Including Dedicated Showrooms

Following: Harley-Davidson Launches Used Bikes Website, Reports Quarterly Profits

LiveWire is Harley’s first electric motorcycle, launched in 2019, as part of an effort to attract younger customers. The fast and powerful street bike requires no clutch or gear change, simplifying the operation for new riders. And the bike can pick up energy from braking and add a charge to the battery, which is useful when riding in traffic jams.

The newly formed company will also include STACYC, a brand of children’s e-bikes.

The transaction, which has been approved by the boards of directors of Harley-Davidson and AEA-Bridges Impact Corp., will be funded by $ 400 million from AEA, $ 100 million from Harley-Davidson and $ 100 million from KYMCO.

Harley shares were higher after Monday’s announcement and ended the day at $ 38.54, up 4.7%

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This article originally appeared on Milwaukee Journal Sentinel: Harley-Davidson’s LiveWire to Become a Public Company

Zembo in Uganda secures $ 3.4 million investment to expand electric motorcycle business

Motorcycle Business

Zembo, a Ugandan electric mobility startup, has secured a $ 3.4 million investment grant to expand its electric motorcycle business in Kampala, Uganda.

The startup has signed the funding agreement with InfraCo Africa, a private infrastructure development group (PIDG) company, as well as a consortium that includes Dutch private equity firm DOB Equity and the venture capital facility. by Toyota Tsusho Mobility 54.

The company supplies low-cost electric motorcycles to African bikers. Bicycles are recharged in solar battery exchange stations.

Zembo battery exchange stations.

The funding will allow the company to increase the number of electric motorcycles on the road by nearly 2,000 as well as expand its battery charging and exchange stations across the city.

Vehicles are either purchased or leased with a lease with option to purchase model.

Zembo Storm motorcycles are one of the many emerging companies in African countries to provide electric mobility solutions as a cleaner mode of transportation.

According to the company, its concept holds great promise for replication in other African cities as part of the global campaign to achieve net zero emissions.

This new funding pool will also help Zembo to grow and anchor high standards in health and safety and business development, while enabling it to grow and attract further private sector investment to it. ‘to come up.

Created in 2018 and co-founded by Daniel Dreher and Étienne Saint-Sernin, Zembo has sold or leased 200 “boda boda†electric motorcycle taxis in Kampala. It also has 20 charging stations and facilitates 10,000 battery exchanges per month.

zembo-2-1024x576-1 Zembo electric motorcycles

Zembo’s model, based on the pay-per-use (PayGo) model used in the African solar sector, aims to make electric mobility affordable for drivers and passengers.

According to the company, the Zembo Electric Motorcycles project will make around 2,000 electric motorcycles by mid-2023 available for purchase or rental, with significant development expected in subsequent years.

“Zembo provides a low-emission and cost-effective mobility option to meet the growing need for urban transportâ€, “DOB is delighted to join Zembo and work with InfraCo Africa and Mobility 54 to develop the electric mobility industry on the continent, with the objective of investing more in Uganda and in companies with a strong environmental dimension.

Saskia van der Mast, co-CEO of DOB Equity.

In a media statement, Zembo co-founder Étienne Saint-Sernin said: “We are delighted to join impact-driven institutions like InfraCo Africa, DOB Equity and Mobility 54 to continue developing boda bodas (motorcycle taxis) and charging stations. for our consumers.

“Our sponsors support Zembo’s goal of increasing the income of Ugandan boda boda runners while reducing air pollution, and this is the driving force behind our relationship.” We look forward to continuing to serve our customers and helping Uganda achieve sustainable mobility. “

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Motorcycle Trade Booms On The Legendary Gasoline Alley In Indianapolis – WISH-TV | Indianapolis News | Indiana weather

			
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INDIANAPOLIS (WISH) – Indianapolis is known for its racing scene.


In the town of Speedway, Marion County, a street is home to some of the motorcycling world’s most amazing stories and experiences. The legendary street is home to many grocery vendors, motorcycle shops, machine parts suppliers. Gasoline Alley is home to daredevils, hard workers and dreamers, including Northbilt Customs owner Brett Johnson.


“I started riding motorcycles when I was a kid. I was 11 or 12 with an all-terrain bike and always wanted to be an entrepreneur, â€Johnson said. “Honestly, when the pandemic started, my business was less than a year old. I was ready to fail. (My business) has grown! It doubled in size. During the pandemic, motorcycles were one of the few things people could still do. This is not normal for a city. In fact, I would challenge you to find more games in other places in the world where you have more of a cottage racing industry embodied, where you have all these vendors to do things. You are probably not going to find a concentration of these people anywhere on the planet other than here.


Jimmy Light is Director of Operations at Horsepower Inc. He has seen business explode during the pandemic.


“We’re known to do HBI or aspiring power because pretty much the name is pretty much what we’re known for,†Light said. “Gasoline Alley was every Indycar team in the ’70s and’ 80s. It was every car on the (Indianapolis Motor) Speedway. It is now; it is more. There are other manufacturing companies here, but there aren’t really that many racing cars anymore and we just tried to destroy the street as much as we can to make people realize it’s now you. know, it’s our street, it’s gas. Now it’s cool stuff that comes back strong you quickly know this kind of stuff â€


The bike night at Gasoline Ally brings together people from all over the country, including Marshall Tucker of LA Choppers.


“It’s just about getting together over a beer, grabbing food for the catering truck and having fun and spending time with your friends and doing it while the Ferrari guys and guys of the Ferrari team are walking here because they heard all the noise. They didn’t even speak English, but they wanted to come and see what it was about and that’s why motorcycles don’t have to speak the same language, â€Tucker said. “You don’t have to do all you have to do is write two wheels and you will break the language in between out there everyone understands the passion for two wheels as long as you have that the language doesn’t ‘importance.”


“One of the things I would see on bike night, you’re definitely going to see a lot of burnouts and wheelies. You’re going to see, you know, a lot of great bikes, â€Johnson said.


Light said the increased interest in motorcycles can be felt across the business. Bike parties, especially amid the pandemic, have allowed people to connect and businesses to sell more products.


“These bike nights started out just because we wanted a place to go that wasn’t a bar, to get locals and like-minded people to come here and have a good time and that wouldn’t help us. to sell products and show people what we’re doing in town, â€Light said. “For a long time, everyone was trying to figure out what could bring people back to motorcycles. Some blamed the millennials for not buying motorcycles. They weren’t in that… culture. The older riders were doing well. I think the pandemic has made people realize that motorcycles can go extinct, which is good.

		


	








	
	


		


			
ALYI Electric Motorcycle Business is expected to generate

			
  Motorcycle Business

		


		

			
Dallas, Texas, September 03, 2021 (GLOBE NEWSWIRE) – Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYIâ€) has launched a comprehensive, comprehensive electric vehicle ecosystem business strategy with an electric motorcycle company designed to separate itself from the array of struggling competitors in the very difficult electric motorcycle business.


Motorcycle frames lack the capacity that car frames have for large batteries to extend range and multiple engines to accommodate differences in city and highway driving. The electric motorcycle solutions that have come to the market in the face of frame capacity limitations have shifted towards monstrous-sized bikes with the price of an SUV that appeal to a very small, deep pocket-sized consumer sector, or bicycles. minimalist, close to the size of a scooter that has limited appeal to consumers in general. The result – so far the market has yet to see an outstanding electric motorcycle company hit the market.


ALYI’s electric motorcycle business is also well positioned to succeed and stand out in a market dominated by monster-priced bikes, SUVs and scooter-sized alternatives.


First of all, electric motorcycles are just one part of a much larger EV ecosystem business. ALYI does not depend solely on its electric motorcycle business.


Second, ALYI has only a small consumption component of its overall electric motorcycle business. The main goal of ALYI’s electric motorcycle is to provide a business solution, not a consumer solution.


ALYI’s electric motorcycles business is strongly focused on providing a carpooling solution in Africa to replace existing combustion engine motorcycle taxis with electric motorcycles.


The Global Motorcycle Taxi Market Has Been Assessed By Verified market research to $ 16 billion in 2018 and is expected to reach over $ 29 billion by 2026.


ALYI will not only generate income by selling electric motorcycles in the taxi market, ALYI will also generate income by participating in the taxi market itself as it evolves into a carpooling business model.


Not only does participating in the taxi market provide more resilience to ALYI’s electric motorcycle business, it also offers the potential for higher profit margins than typical EV companies are designed to generate.


Tesla, for example, reported a 24% gross margin at June 30, 2021. Uber reported a 46% gross margin at June 30, 2021. ALYI plans to generate income not only from the sale of electric vehicles, but also, for example, from the ridesharing business to which the company supplies electric vehicles.


ALYI has a mainstream electric motorcycle that it plans to release before the end of 2021, and it will be priced much lower than an SUV.


ALYI developed its own consumer electric motorcycle as a research and development project that amassed a large body of EV intellectual property for ALYI while producing an affordable electric motorcycle with a consumer appeal rooted in decades of popular Western culture. . The Retro Revolt electric motorcycle based on the WWII era BMW R71 military motorcycle is undergoing a final design review and will soon be available to order in a limited edition.


Management plans to further clarify its overall revenue targets and gross margin expectations next week, Thursday, September 9.e, 2021, in conjunction with a schedule management update to provide the latest details on the company’s progress in delivering 2,000 electric motorcycles to Africa to serve the motorcycle taxi (boda-boda) market. The company has previously indicated that it expects more than a million in revenue this year. The update will provide more details on expected sales before the end of the year to include a specific revenue target.


ALYI builds a comprehensive electric vehicle ecosystem that addresses the entire electric vehicle adoption environment, from the perpetual design of the best-in-class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a first-rate vehicle; from the charging and servicing infrastructure that supports consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to switch from combustion engines to electric vehicles.


ALYI designed its EV ecosystem solution to include democratized participation. ALYI has partnered with RevoltTOKEN to fund ALYI’s growth by offering participation in the electric vehicle ecosystem through the sale of Revolt tokens.


To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem by purchasing Revolt tokens, visit https://rvlttoken.com/.


For more information and to stay up to date on the latest global developments at ALYI, please visit www.alternetsystemsinc.com.


Safe Harbor / Disclaimer: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that one of the companies mentioned in this document will make significant sales, failure to meet the schedule or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.


For more information, please visit: http://www.alternetsystemsinc.comContact Alternet Systems, Inc .:Randell Torno


[email protected]



+ 1-800-713-0297


    

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    $ ALYI – Electric Motorcycle Company ALYI Expected to Generate $ 1 Million or More in Revenue This Year with Gross Margin Beating the Competition
    

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Electric Motorcycle Company ALYI Expected To Generate First $ 1 Million Or More In Revenue This Year With Higher Gross Margin Than The Competition

			
  Motorcycle Business

		


		

			
$ ALYI – Retro Revolt Electric Motorcycle based on WWII era BMW R71 military motorcycle


Dallas, Texas, September 03, 2021 (GLOBE NEWSWIRE) – Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYIâ€) has launched a comprehensive, comprehensive electric vehicle ecosystem business strategy with an electric motorcycle company designed to separate itself from the array of struggling competitors in the very difficult electric motorcycle business.


Motorcycle frames lack the capacity that car frames have for large batteries to extend range and multiple engines to accommodate differences in city and highway driving. The electric motorcycle solutions that have come to the market in the face of frame capacity limitations have shifted towards monstrous sized bikes with the price of an SUV that appeal to a very small, deep pocket-sized consumer sector, or bicycles. minimalist, scooter-sized that have limited appeal to general consumers. The result – so far the market has yet to see an outstanding electric motorcycle company hit the market.


ALYI’s electric motorcycle business is also well positioned to succeed and stand out in a market dominated by monster-priced bikes, SUVs and scooter-sized alternatives.


First of all, electric motorcycles are just one part of a much larger EV ecosystem business. ALYI does not depend solely on its electric motorcycle business.


Second, ALYI has only a small consumption component of its overall electric motorcycle business. The main goal of ALYI’s electric motorcycle is to provide a business solution, not a consumer solution.


ALYI’s electric motorcycles business is strongly focused on providing a carpooling solution in Africa to replace existing combustion engine motorcycle taxis with electric motorcycles.


The Global Motorcycle Taxi Market Has Been Assessed By Verified market research to $ 16 billion in 2018 and is expected to reach over $ 29 billion by 2026.


ALYI will not only generate income by selling electric motorcycles in the taxi market, ALYI will also generate income by participating in the taxi market itself as it evolves into a carpooling business model.


Not only does participation in the taxi market provide greater resilience to ALYI’s electric motorcycle business, it also offers the potential for higher profit margins than typical EV companies are designed to generate.


Tesla, for example, reported a 24% gross margin at June 30, 2021. Uber reported a 46% gross margin at June 30, 2021. ALYI plans to generate income not only from the sale of electric vehicles, but also, for example, from the ridesharing business to which the company supplies electric vehicles.


ALYI has a mainstream electric motorcycle that it plans to release before the end of 2021, and it will be priced much lower than an SUV.


ALYI developed its own consumer electric motorcycle as a research and development project that amassed a large body of EV intellectual property for ALYI while producing an affordable electric motorcycle with a consumer appeal rooted in decades of popular Western culture. . The Retro Revolt electric motorcycle based on the WWII era BMW R71 military motorcycle is undergoing a final design review and will soon be available to order in a limited edition.


Management plans to further clarify its overall revenue targets and gross margin expectations next week, Thursday, September 9.e, 2021, in conjunction with a schedule management update to provide the latest details on the company’s progress in delivering 2,000 electric motorcycles to Africa to serve the motorcycle taxi (boda-boda) market. The company has previously indicated that it expects more than a million in revenue this year. The update will provide more details on expected sales before the end of the year to include a specific revenue target.


ALYI builds a comprehensive electric vehicle ecosystem that addresses the entire electric vehicle adoption environment, from the perpetual design of the best-in-class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a first-rate vehicle; from the charging and servicing infrastructure that supports consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to switch from combustion engines to electric vehicles.


ALYI designed its EV ecosystem solution to include democratized participation. ALYI has partnered with RevoltTOKEN to fund ALYI’s growth by offering participation in the electric vehicle ecosystem through the sale of Revolt tokens.


To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem by purchasing Revolt tokens, visit https://rvlttoken.com/.


For more information and to stay up to date on the latest global developments at ALYI, please visit www.alternetsystemsinc.com.


Safe Harbor / Disclaimer: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that one of the companies mentioned in this document will make significant sales, failure to meet the schedule or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.


For more information, please visit: http://www.alternetsystemsinc.comContact Alternet Systems, Inc .:Randell Torno


[email protected]


+ 1-800-713-0297


Attachment

		


	








	
	


		


			
Why our electric motorcycle business is positioned for success

			
  Motorcycle Business

		


		

			
DALLAS, September 2, 2021 / PRNewswire / – Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) has implemented a broad, comprehensive electric vehicle ecosystem business strategy with an electric motorcycle business designed to separate itself from the spectrum of competitors who struggle in the very difficult electrical sector motorcycle sector.


“The Retro Revolt electric motorcycle based on the WWII era BMW R71 military motorcycle is undergoing a final design review and will soon be available to order in a limited edition.”


Motorcycle frames lack the capacity that car frames have for large batteries to extend range and multiple engines to accommodate differences in city and highway driving. The electric motorcycle solutions that have come to the market in the face of frame capacity limitations have shifted towards monstrous sized bikes with the price of an SUV that appeal to a very small, deep pocket-sized consumer sector, or bicycles. minimalist, scooter-sized that have limited appeal to general consumers. The result – so far the market has yet to see an outstanding electric motorcycle company hit the market.


ALYI’s electric motorcycle business is also well positioned to succeed and stand out in a market dominated by monster-priced bikes, SUVs and scooter-sized alternatives.


First of all, electric motorcycles are just one part of a much larger EV ecosystem business. ALYI does not depend solely on its electric motorcycle business.


Second, ALYI has only a small consumption component of its overall electric motorcycle business. The main goal of ALYI’s electric motorcycle is to provide a business solution, not a consumer solution.


ALYI’s electric motorcycles business is strongly focused on providing a carpooling solution in Africa replace existing combustion-engine motorcycle taxis with electric motorcycles.


The Global Motorcycle Taxi Market Has Been Assessed By Verified market research To $ 16 billion in 2018 and is expected to reach over 29 billion by 2026.


ALYI will not only generate income by selling electric motorcycles in the taxi market, ALYI will also generate income by participating in the taxi market itself as it evolves into a carpooling business model.


Not only does participation in the taxi market provide greater resilience to ALYI’s electric motorcycle business, it also offers the potential for higher profit margins than typical EV companies are designed to generate.


Tesla, for example, reported a 24% gross margin at June 30, 2021. Uber reported a 46% gross margin at June 30, 2021. ALYI plans to generate income not only from the sale of electric vehicles, but also, for example, from the ridesharing business to which the company supplies electric vehicles.


ALYI has a mainstream electric motorcycle that it plans to release before the end of 2021, and it will be priced much lower than an SUV.


ALYI developed its own consumer electric motorcycle as a research and development project that amassed a large body of EV intellectual property for ALYI while producing an affordable electric motorcycle with a consumer appeal rooted in decades of popular Western culture. . The Retro Revolt electric motorcycle based on the WWII era BMW R71 military motorcycle is undergoing a final design review and will soon be available to order in a limited edition.


Management plans to further clarify its overall revenue targets and gross margin expectations next week, on Thursday September 9e, 2021, in conjunction with a schedule management update to provide the latest details on the company’s progress in delivering 2,000 electric motorcycles in Africa to serve the motorcycle taxi market (boda-boda). The company has previously indicated that it expects more than a million in revenue this year. The update will provide more details on expected sales before the end of the year to include a specific revenue target.


ALYI builds a comprehensive electric vehicle ecosystem that addresses the entire electric vehicle adoption environment, from the perpetual design of the best-in-class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a first-rate vehicle; from the charging and servicing infrastructure that supports consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to switch from combustion engines to electric vehicles.


ALYI designed its EV ecosystem solution to include democratized participation. ALYI has partnered with ReovltTOKEN to fund ALYI’s growth by offering participation in the electric vehicle ecosystem through the sale of Revolt tokens.


To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem by purchasing Revolt tokens, visit https://rvlttoken.com/.


For more information and to stay up to date on the latest global developments at ALYI, please visit www.alternetsystemsinc.com.


Safe Harbor / Disclaimer: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that one of the companies mentioned in this document will make significant sales, failure to meet the schedule or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.


For more information, please visit: http://www.alternetsystemsinc.com

 Contact Alternet Systems, Inc .:

Randell Torno

[email protected]

 + 1-800-713-0297


Cision


View original content to download multimedia:https://www.prnewswire.com/news-releases/alyi–why-our-electric-motorcycle-business-is-positioned-to-succeed-301368711.html


SOURCE Alternet Systems, Inc.

		


	








	
	


		


			
owner of Dun-Rite expands with new motorcycle business | New

			
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Tim Walsh opened Porky’s Cycles in Logansport because of his experience trying to get the job done and because he saw a need.


“I own bikes, and it’s too expensive for the big guys,†Walsh said.


Then there is the distance to get to a repair shop specifically for motorcycles.


“There is no other store,†Walsh said. “Peru and Kokomo are pretty much the closest. “


Porky’s officially opened on May 17th.


Its philosophy to open a motorcycle repair and customization workshop where there has not been one is simple.


“You never know what you can achieve unless you go for it,†Walsh said.


The store starts with repairs and upgrades and ends up buying and selling motorcycles.


Porky’s won’t do any bodywork or repaint, but their custom work includes the handlebars, pipes, decals, and exhaust tuning.


“Pretty much anything the customer wants we can do,†Walsh said. “If they want a helicopter, we’ll build one for them. “


Walsh is not new to vehicle work in the Logansport area.


He owned Dun-Rite Auto Repair at 316 W. Market St. for seven years.


He also hired Clerance “Frost ‘Neal†from a dealership to be the shop manager and mechanic.


Neal said he has extensive expertise and training in working on motorcycles.


“There aren’t a lot of people who can work on standard Harley bikes and metric bikes,†Neal said.


Walsh said the most common bikes in the area are Harleys (imperial system measurements) and Hondas (metric system measurements).


In addition to being a repair shop in a small town, Porky’s could achieve some national recognition by next spring.


“We will be building a bike for Daytona next year,†Walsh said.


The Daytona Bike Week will take place from March 4 to 13 in 2022.


Walsh said that unlike some motorcycle gatherings like Sturgis, Daytona is more about showing off custom machines.


Porky’s is currently open Monday through Friday, 9 a.m. to 5 p.m.


Walsh said they are still working to open it every other weekend.


“We’re just a small, urban business trying to save customers money and have fun doing it,†he said.

		


	








	
	


		


			
NWP plans to contribute RM7 million to revenue from motorcycle business in 2021

			
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PETALING JAYA (April 1): Wood products maker NWP Holdings Bhd, which diversified into the motorcycle business last year, expects the new company to contribute RM6-7million to its turnover this year.


Its CEO, Datuk Seri Nelson Kee Soon Ling, said the group hopes to take advantage of the food delivery boom amid the Covid-19 pandemic to increase its motorcycle sales.


The group has recorded total sales of 100,000 RM or 15 units of motorcycles since February, he said at a press conference after the group’s showroom launched here today.


The 15,000 square foot showroom, owned by its wholly owned subsidiary NWP Access Sdn Bhd, offers sales, service and spare parts for motorcycles, as well as a wide range of motorcycles from renowned brands such as Yamaha, Honda, Modenas and Benelli as well as a variety of motorcycle accessories.


“This motorcycle showroom is costing us around RM1 million including all operating expenses and capital expenses,†he said, adding that the company plans to expand its automotive business to other areas, such as Penang and Johor, by next year.


Kee said NWP will run a no-deposit promotion to sell 10,000 units of its motorcycles on credit to people whose finances are affected by the pandemic.


“The program is designed so that more riders can own motorcycles more affordably, and the daily payment can go down to RM3,†he said.


At today’s launch, NWP Access signed collaboration agreements with four partners, namely BlackBixon2Go Sdn Bhd (a subsidiary of Ni Hsin Resources Bhd), IOU Pay (Asia) Sdn Bhd (a subsidiary of iSentric) , Yayasan Keusahawanan Sosial and MBP Solutions Sdn Bhd (subsidiary of TFP Solutions Bhd), to further consolidate its services to its clients.


For the partnership with IOU, it aims to provide financial assistance to customers for the maintenance and replacement of spare parts of their motorcycles with the “Buy Now, Pay Later†program.


The collaboration with Yayasan Keusahawanan Sosial focuses on purchasing motorcycles with the Easy-to-Own program, while the partnership with MBP Solutions aims to provide services such as microinsurance to bikers to ensure their safety.


With BlackBixon2Go, NWP Access will provide motorcycles to facilitate the delivery of BlackBixon2Go’s energy coffee.


Regarding NWP’s real estate business, Kee said the company will partner with a real estate developer on a new project with a gross development value of RM300 million.


“Currently, we are still in the midst of discussions and plan to announce this partnership by next week,†Kee said, adding that the developer would hire NWP to undertake work related to property management and sales consulting.


Kee said two companies, namely GS Realty (M) Sdn Bhd and GT Nelson Sdn Bhd, will assist NWP on the project.


Kee is a 24.55% shareholder of GS Realty, one of the largest real estate agencies in Malaysia, which has offices and representatives throughout Malaysia, and partners in ASEAN countries.


NWP recorded a net loss of RM 1.44 million, on revenue of RM 714,000, for the quarter ended November 30, 2020 as business operations disrupted by the pandemic. For the 15-month period ended November 30, 2020, it recorded a net loss of RM 6.47 million on revenue of RM 6.6 million. There are no comparison numbers due to the year-end change from August 31 to February 28.


The NWP share price was 22 sen at 3 p.m., giving a market cap of RM 104 million.

		


	








	
	


		


			
Man killed outside motorcycle business in Richland County SC

			
  Motorcycle Business

		


		

			


caution tape


Getty Images/iStockphoto


COLOMBIA, South Carolina


Two men have been arrested for their alleged involvement in a shooting Thursday that killed one person and injured four others outside a motorcycle dealership, the Richland County Sheriff’s Department said Friday.


The incident happened in the Capital City Cycles parking lot at 7810 Two Notch Road around 4 p.m. Thursday, according to the sheriff’s department.


One man died at the scene, the other four were taken to local hospitals.


Richland County Coroner Naida Rutherford said the name of the deceased was Charles E. Lilly, 55, of Beech Island.


“We are working with the Richland County Sheriff’s Department to fully investigate this matter,” Rutherford said in a statement.


Two men remained in the hospital Friday morning, according to the Richland County Sheriff’s Department. Their conditions were unknown.


Deputies “responded to multiple reports of gunshots” and were dealing with a “very large crime scene,” a spokesperson for the sheriff’s department said Thursday night. The department said Friday it believed an argument between several people had escalated, leading to the shooting outside Capital City Cycles.


Police have arrested and charged two men for their alleged involvement.


Kristopher Wheat, 36, was charged with obstruction of justice after being released from hospital, the sheriff’s department said.


James Hill, 58, was charged with first-degree assault by the mob.


Both men were imprisoned at the Alvin S. Glenn Detention Center. The sheriff’s department said more charges could follow.


“We believe this is an isolated incident and do not believe there is a danger to the community,” the department said in a statement.


Capital City Cycles is located where Interstate 77 crosses Two Notch Road. The busy intersection includes many hotels, restaurants, and at least one church.


Capital City Cycles on its website describes itself as “a family-owned, operated motorcycle dealership with over 20 years of experience in the motorcycle industry. We have one of the largest motorcycle inventories in the world, including over 400 used Harley-Davidson motorcycles.


This is a developing story. Check back for updates.


This story was originally published March 11, 2021 9:56 p.m.