Tag: motorcycle business

Harley-Davidson Livewire will be the first American electric motorcycle brand to go public

Motorcycle Brand

ABIC will merge with LiveWire (the e-bike division of Harley-Davidson) to build a new publicly traded company. This common stock will be listed on the New York Stock Exchange under “LVW”. This new coalition will make Harley-Davidson’s LiveWire the first publicly traded electric motorcycle company in the United States.

Harley-Davidson expects the net profit from the transaction to be $545 million. The brand will use these reserves to accelerate the future of its first model, generate new products and improve global production and distribution. This IPO is accompanied by an increase in wealth in the form of a PIPE (Private Investment in Public Equity), the Taiwanese manufacturer of two-wheelers Kymco, already a partner of LiveWire, implanting 100 million dollars. The transaction will be funded by ABIC’s $400 million held in trust and a $100 million investment from Harley-Davidson.

What does this mean for the future of Harley-Davidson Livewire?

Via: Harley-Davidson

Harley-Davidson will be the majority shareholder (74%) of the company following the closing of the transaction. ABIC shareholders will own 17%, while ABIC and Kymco founders will own 4% of LiveWire. Jochen Zeitz (Chairman, President and CEO of Harley-Davidson) will be the director of LiveWire and will serve as CEO for the first two years following the closing of the transaction. Harley-Davidson expects the joining forces to have an industry value of approximately $1.77 billion when it goes public.

Via: Harley-Davidson

Jochen Zeitz, President, President and CEO of Harley-Davidson, said: “Today’s announcement is a historic milestone, with LiveWire poised to become the first publicly traded electric motorcycle company in the United States. Building on Harley-Davidson’s 118-year lineage, LiveWire’s mission is to be the world’s most desirable electric motorcycle brand, leading the electrification of the sport.” He explained, “This transaction will give LiveWire the freedom to fund new product development and accelerate its time-to-market model, LiveWire will be able to operate as an agile, innovative public company while benefiting from the large-scale manufacturing and distribution capabilities of its strategic partners. , Harley-Davidson and Kymco.

Via: Harley-Davidson

For reference, in February 2021, Harley-Davidson unveiled its goals to build an electric motorcycle business as part of its five-year “Hardwire” approach. The brand’s first model is the LiveWire One, a relaunched version of the popular LiveWire e-bike at a much lower price. In May, the LiveWire model name was changed to a proper brand name. The US launch of the new LiveWire One initially took place in California, New York and Texas. Beyond the United States, the LiveWire One will be available from 2022.

Expand LiveWire Wallet

Via: Harley-Davidson

The LiveWire One is now in production. The next product plan will be the launch of LiveWire S2 Del Mar, named after the California town of the same name. This bike, smaller and lighter than the original LiveWire One model, will be a mid-weight offering. It is obviously based on the Arrow platform. The S2 range will be accompanied, logically, by the S3 range. LiveWire envisions these models to be scaled-down versions of the Arrow architecture with smaller batteries and motors, so they can fit into the “lightweight market.”

Via: Harley-Davidson

ARROW, a modular and scalable EV system integrating a motor and battery with an on-board charger, is the basis of the future product line. Zeitz said Harley designed the EV systems to meet the needs of the motorcycle market. He also said that spatial constraints and the impact of battery weight on handling were therefore of major importance.

Jochen explained that Harley LiveWire can innovate faster by controlling the IP of motor, battery and power electronics. This allows them to avoid the limitations imposed by third-party options. They can quickly expand vertically and horizontally with the ease of an EV-powered powertrain and the benefits of a modular, scalable architecture. Harley-Davidson can bring new models to market faster with less R&D.

Via: Harley-Davidson

LifeWire’s latest statement on IPO plans says it will focus on applications for urban electric motorcycles. It will first establish a brand presence in North America and Europe, and then expand into other markets, including Asia. LiveWire says it will expand its product line while focusing on the rapidly evolving future of electric vehicles. This will ensure that core Harley-Davidson elements are protected by future technology.

SPAC mergers are a popular way for electric two-wheeled vehicle makers to quickly enter the US stock market. Gogoro is taking a similar route with a SPAC, which will take him to NASDAQ.

Via: Harley-Davidson

LiveWire’s claim to be the first publicly traded electric motorcycle company may need a little explanation. Although Gogoro’s electric two-wheelers can travel over 80 km/h (50 mph), they were considered scooters rather than motorcycles. Arcimoto’s publicly traded three-wheeled fun utility vehicles, legal in most US states, are honestly motorcycles. However, Arcimoto does not refer to its vehicles as bicycles, so it will not protect this label. HD’s LiveWire is sure to be the number one electric motorcycle company on Wall Street, compared to the others.

Who needs a Harley? A man builds an electric motorcycle in his garage

Using lots of steel tubing and a ready-made electric bike kit, this guy built his own electric motorcycle.

Read more

About the Author

Karan Rawat
(47 articles published)

More from Karan Rawat

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

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 blueprint that we’ve seen for automakers versus 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.

The electric motorcycle company ALYI operates alongside

Motorcycle Business

Dallas, Texas, December 13, 2021 (GLOBE NEWSWIRE) – Alternet Systems, Inc. (OTC Pink: ALYI) today introduced the Harley-Davidson announcement that it will go public with its LiveWire electric motorcycle division through a SPAC merger with AEA-Bridges Impact Corp at a pro forma enterprise value of $ 1.77 billion.

“LiveWire plans to redefine motorcycles as the industry leader in fully electric motorcycles, with a focus on the urban market and beyond,†the company said in a statement.

LiveWire says it will have two strategic partners, Harley-Davidson and Taiwanese powersports company KYMCO.

“At the risk of sounding shameless, ALYI implemented what now appears to be the Harley-Davidson electric motorcycle business plan ahead of Harley-Davidson,†said Internet Systems CEO Dr. Randell Torno. “We married Western design with Asian manufacturing to develop electric motorcycles for the emerging urban market while Harley-Davidson was still developing electric motorcycles at SUV prices. Now Harley-Davidson believes their urban and beyond goal with their partner KYMCO is a $ 1.7 billion idea. Well, I tend to agree with them. ALYI just got the idea first. Perhaps with a global brand like Harley-Davidson pursuing an electric motorcycle strategy parallel to our own, ALYI’s electric motorcycle business will benefit from the implicit validation of our electric motorcycle strategy.

ALYI has started shipping electric motorcycles made in China to enter into service in the motorcycle taxi market in East Africa.

ALYI partnered with MODUS in 2019, a Texas-based engineering company, and to develop an electric motorcycle for ALYI based on the BMW R71 motorcycle design of the 1930s.

ALYI recognized early on the market’s potential to marry Western design with Asian manufacturing.

In addition to rolling out electric motorcycles in Africa, ALYI has also started supplying electric three-wheeled vehicles in Africa for the taxi and delivery markets as another component of ALYI’s global EV ecosystem solution. .

ALYI’s EV ecosystem strategy firstly focuses its efforts on developing solutions for the East African market where per capita transport is low and where EV solutions have the potential to be a first transport solution on the market rather than replacing an existing solution.

EV solutions robust enough to support the East African environment are also likely to be viable solutions anywhere else in the world, and ALYI plans to expand globally.

ALYI designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token (RVLT) to fund the growth of ALYI by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about Revolt Token and how to participate in ALYI’s electric vehicle ecosystem through the purchase of 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 any of the companies mentioned in this document will make significant sales, failure to meet the timing 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 pricing. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.

Alsternet Systems, Inc.Randell Torno

[email protected]

+ 1-800-713-0297

  • $ ALYI – Electric Motorcycle Company ALYI Works Parallel to Harley-Davidson SPAC

  • $ ALYI – Electric Motorcycle Company ALYI Works Parallel to Harley-Davidson SPAC

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%

Our subscribers make this reporting possible. Please consider supporting local journalism by subscribing to Journal Sentinel at jsonline.com/deal.

DOWNLOAD THE APPLICATION: Get the latest news, sports and more

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. “

Now that you are here, don’t forget to register to participate in the biggest crypto conference in Africa hosted by Technext. Follow this link to register and more information.

If you would like to be featured on our Entrepreneur Spotlight, click here to share your startup story with us.

SUBSCRIBE

Receive the latest tech news, reviews, business-related content with a deliberate focus on the African narrative and insightful analysis in Nigeria – straight to your inbox.



comments

		


	








	
	


		


			
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


    

  • 

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

    • 


		


	








	
	


		


			
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.

		


	








	
	


		


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

			
  Motorcycle Business

		


		

			
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.

		


	








	
	


		


			
Bajaj Auto’s motorcycle business director resigns

			
  Motorcycle Business

		


		

			
K Srinivas, president (motorcycle company) of Bajaj Auto, has resigned after nearly 15 years in the company. Eric Vas, President (Retail Finance), replaces him.


There are no details on Srinivas’ next mission, except that it will be in the non-automotive space. He is expected to officially end his tenure at Bajaj Auto in the coming weeks.


Srinivas took over the motorcycle business in October 2011 following the resignation of S Sridhar, now CEO of Escorts Agri Machinery. At that time, Vas took over as President (Retail Finance). Srinivas was part of the core team at Bajaj Auto which spearheaded the focus on motorcycles and, more specifically, the Pulsar and the Discover. The change process had started in 2009 when the company decided to move to a brand-centric approach where the Pulsar would be part of the sports segment with the Discover in the commuter category.


The strategy worked and by the time Srinivas took the lead, both brands were well established in their targeted niches. The Discover, in particular, was finally doing the trick for Bajaj in a segment where Hero MotoCorp is the leader with its Splendor and Passion brands.


Srinivas also saw the launch of new platforms for these two brands which, in turn, gave birth to models like the Pulsar NS and the Discover 100 and 125. “Today mileage is acquired and challengers like Bajaj Auto have to do something more. That’s why we are making a statement with speed, power and extra functionality, â€Srinivas said. Activity area during the unveiling of the Discover 100M in Pune last October.