iQSTEL Inc. (OTCMKTS: IQST) dropped after the company announced that it would launch a new Electric Vehicle Division as it expands beyond the work started in connection with the Alternet Systems Inc. (OTCMKST: ALYI) initiative.
iQSTEL partners with Alternet Systems on new EV Division
ALYI’s MODUS EV design team collaborates with iQSTEL to develop an IoTSmartEV device, EV-Battery, and Motorcycle Dashboard Display. Now, iQSTEL wants to create a One-Stop-Shop (O-S-S) to provide an all-encompassing EV Battery system, which will comprise Battery Chargers, Battery Management Software (BMS), Internet of Things (IoT), and Motorcycle Dashboard Displays.
With iQSTEL’s investment in new infrastructure and focus, the new iQSTEL EV Battery Division will boost ALYI’s operations. Additionally, it will diversify iQSTEL’s business and increase its overall growth potential in Africa and Latin America.
Alternet Systems announced that its dedicated design team from MODUS Applied Innovations completed a scheduled evaluation of its electric motorcycle development program on Friday, June 11, 2021. In support of ALYI’s overall electric vehicle program objectives, MODUS collaborates with iQSTEL on connected, state-of-the-art electric vehicle technology.
ALYI piloting rideshare motorcycle in Africa
Following the review, ALYI management is convinced that the Self-Drive Rental and EV Rideshare program in Africa is on track. ALYI management is developing a thorough shareholder update on the EV Rideshare and Self-Drive Rental test program, containing other updates on its overall business plan, which will be released on June 18, 2021.
ALYI has been contracted to deliver around 2000 electric motorcycles to Kenya for the bodaboda (motorcycle taxi) sector. The July delivery timetable is meant to enable the rideshare service’s first phase, pilot implementation. ALYI plans to launch a self-drive rental program in addition to its trial rideshare service, which will launch this summer.
 and Alternet Systems Inc. (OTCMKST: ALYI) Partners On Electric Vehicle Initiatives){kind=link}