ALYI added that a letter of intent (LoI) was signed between the company and Kenyan and European-based partners for its new investment to build partnerships with well-known existing brand name outfits. An agreement with the prospective partner is expected within the next 30 to 60 days.In a statement , the company stated that “ALYI’s ReVolt Electric Motorcycle with side care is a good market entry fit for the African market. It is a good fit as motorcycle taxis (boda-bodas) are already in wide use and with a local assembly plant, ALYI can contribute to the local economy by producing electric motorcycles cheaply.”
Alternate Systems (ALYI, the parent company of US based motorcycle company ReVolt Electric has announced its plans to set up a manufacturing facility in Kenya for mass production of ReVolt Electric Motorcycles. The company has informed its share holders that the feasibility report showed that the African market offered it Sh5 billion in value to the firm’s business.The company has hired an industrial design firm to work on architectural drawings for its planned manufacturing facility in Kenya.
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