ALYI Electric Motorcycle Business Expected To Generate First $1 Million Or More In Revenue This Year With Gross Margin That Beats Competition
Alternet Systems, Inc. (OTC Pink: ALYI) has announced a presentation featuring CEO Dr. Randell Torno, focusing on the company's Electric Vehicle Ecosystem and its Electric Motorcycle Business. The initiative aims to substitute combustion engine motorcycle taxis with electric alternatives in developing markets, particularly in Africa. The global motorcycle taxi market is projected to grow from $16 billion in 2018 to over $29 billion by 2026. ALYI anticipates generating revenue from both electric motorcycle sales and participation in evolving rideshare models, with projections of over $1 million in revenue this year.
- Projected revenue of over $1 million for this year.
- Strong growth potential in the global motorcycle taxi market, expected to reach over $29 billion by 2026.
- Innovative business model generating revenue from both EV sales and rideshare participation.
- None.
Dallas, TX , Sept. 03, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today invites shareholders and interested investors to view a presentation and interview with CEO Dr. Randell Torno talking about the history and future of the company’s Electric Vehicle Ecosystem featuring its leading Electric Motorcycle Business focused on replacing combustion engine motorcycle taxi’s in developing economic markets with electric motorcycles.
Dr. Torno appeared live earlier this week on EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets. Dr. Torno appeared at the 15th Emerging Growth Conference.
The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.
Dr. Torno’s presentation and interview can be viewed in its entirety at the following link:
ALYI is building an entire EV Ecosystem that addresses the entire EV adoption environment from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric powered vehicles.
ALYI has seeded an extensive overall Electric Vehicle Ecosystem Business Strategy with an Electric Motorcycle Business.
ALYI’s Electric Motorcycle Business is heavily weighted on delivering a Rideshare solution in Africa to replace existing combustion engine powered motorcycle taxis with electric motorcycles.
The global motorcycle taxi market was valued by Verified Market Research at
ALYI will not just generate revenue selling electric motorcycles into the taxi market, ALYI will also generate revenue from participating in the taxi market itself as it evolves into a Rideshare business model.
Not only does participation in the taxi market provide more resiliency for ALYI’s electric motorcycle business, but it also provides the potential for higher profit margins than typical EV businesses are designed to generate.
Tesla, for instance, reported a
Management plans to elaborate further on its overall revenue targets and gross margin expectations next week, on Thursday, September 9th, 2021, in conjunction with a schedule management update to provide the latest details on the company’s progress on delivering 2,000 electric motorcycles in Africa to serve the motorcycle taxi (boda-boda) market. The company has already indicated it expects over a million in revenue this year. The update will provide more details on anticipated sales before the end of the year to include a specific revenue target.
ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with RevoltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.
To learn more about RevoltTOKEN 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 ALYI's overall latest developments, please visit www.alternetsystemsinc.com.
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Disclaimer/Safe Harbor: This news 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 herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
FAQ
What is ALYI's Electric Vehicle Ecosystem?
How is ALYI planning to generate revenue?
When will ALYI update its revenue targets?
What is the expected growth of the motorcycle taxi market?
