The electric bicycle market is anticipated to reach over US$24 billion worldwide by 2025.
Alternet Systems will add electric bicycles to its current electric motorcycle production business. ALYI has recently announced US$5 million in orders for its ReVolt Electric Motorcycle, a retro-designed motorcycle with side car that can transport two people in addition to a driver.
ALYI’s initial sales success for its electric motorcycles has been with metropolitan shared ride providers. Extending upon that success, ALYI plans to partner with shared dwelling organisations around the world in the design of its electric bicycle with the idea of providing fleet electric bicycle’s for shared use.
For example, ALYI is already in discussions with select universities that provide student housing. The company also plans to work with apartments and even talk to refugee shelter providers with the idea of designing a sustainable electric bicycle solution to complement the modern work-living paradigm. The electric bicycle market is anticipated to reach over US$24 billion worldwide by 2025.
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.
ALYI also recently brought Clarkson University Professor David Mitlin on board to lead a hemp energy storage initiative. Mitlin has successfully used hemp bast – the fibre left over from processing hemp – to construct carbon nanosheets that compete with, and in some respects, outperform the supercapacitor performance derived from more typical graphene nanosheets.
Mitlin holds a US patent for his proprietary hemp energy storage technology.