{"id":3301,"date":"2019-06-03T09:18:41","date_gmt":"2019-06-03T06:18:41","guid":{"rendered":"http:\/\/www.magaripoa.com\/?p=3301"},"modified":"2019-06-03T09:18:41","modified_gmt":"2019-06-03T06:18:41","slug":"electric-motor-bikes-made-in-us-will-soon-be-on-kenya-roads","status":"publish","type":"post","link":"https:\/\/www.magaripoa.com\/gari\/electric-motor-bikes-made-in-us-will-soon-be-on-kenya-roads\/","title":{"rendered":"Electric motor bikes made in US will soon be on Kenya roads"},"content":{"rendered":"<div>\n<p><span style=\"font-size: 12pt; color: #000000;\">A group of local investors is in talks with a US-based electric motorcycle company to establish an assembly plant.<\/span><\/p>\n<\/div>\n<div>\n<p><span style=\"font-size: 12pt; color: #000000;\">Alternet Systems (ALYI) disclosed the talks on the planned assembly line following a deal where its Kenyan partners attracted initial sales order for 2,000 ReVolt Electric Motorcycles valued at Sh2 billion.<\/span><\/p>\n<\/div>\n<div>\n<p><span style=\"font-size: 12pt; color: #000000;\">It said orders worth Sh150 million had since been made, encouraging further talks set for next month in London, UK where ALYI will meet a potential European investment group.<\/span><\/p>\n<\/div>\n<div>\n<p><span style=\"font-size: 12pt; color: #000000;\">\u201cWith the combination of the physical plant asset and the initial Sh2 billion order, a potential European investment group has formally expressed initial investment terms and invited ALYI management to meet in London later this month for the purpose of refining the terms into a contract,\u201d it said.<\/span><\/p>\n<\/div>\n<div>\n<p><span style=\"font-size: 12pt; color: #000000;\">The company told shareholders that its management recently flew to Nairobi where it held key meetings with their Kenyan partners on the planned assembly plant.<\/span><\/p>\n<div>\n<p><span style=\"font-size: 12pt; color: #000000;\">Kibo Africa and Car &amp; General locally assemble Kibo and TVS motorcycles respectively but a majority of motorcycle brands from Honda, Bajaj\u2019s Boxer, Yamaha among other low-cost Chinese brands are imported as completely built units.<\/span><\/p>\n<\/div>\n<div>\n<p><span style=\"font-size: 12pt; color: #000000;\">In 2017, Kenyans acquired 186,434 motorcycles, with sales for January to December 2018 hitting 177,830.<\/span><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A group of local investors is in talks with a US-based electric motorcycle company to establish an assembly plant. Alternet Systems (ALYI) disclosed the talks on the planned assembly line following a deal where its Kenyan partners attracted initial sales order for 2,000 ReVolt Electric Motorcycles valued at Sh2 billion. It said orders worth Sh150&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","cybocfi_hide_featured_image":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[7,1930],"tags":[],"class_list":["post-3301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-electric"],"jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pej6K6-Rf","jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.magaripoa.com\/gari\/wp-content\/uploads\/harley-davidson-logo-badge-motor-cycle_magaripoa.jpg?fit=1028%2C711&ssl=1","_links":{"self":[{"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/posts\/3301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/comments?post=3301"}],"version-history":[{"count":0,"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/posts\/3301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/media\/3302"}],"wp:attachment":[{"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/media?parent=3301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/categories?post=3301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.magaripoa.com\/gari\/wp-json\/wp\/v2\/tags?post=3301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}