ALYI EV Ecosystem Designed To Produce Higher Gross Margins Than EV Manufacturers

Rhea-AI Summary

Alternet Systems, Inc. (ALYI) announced its electric vehicle (EV) ecosystem aims for higher gross margins compared to traditional EV manufacturers. While typical EV companies focus primarily on vehicle sales, ALYI will diversify its revenue through a rideshare initiative in Africa, targeting the motorcycle taxi market. The company expects over a million in revenue this year and plans to offer updates on its progress and specific revenue targets on September 9, 2021. The global motorcycle taxi market, valued at $16 billion in 2018, is projected to grow significantly by 2026.

Positive

• ALYI plans to generate higher gross margins through diversified revenue streams, including rideshare services.
• The company anticipates over a million in revenue for the year and is set to provide further updates on revenue targets.

Negative

• None.

DALLAS, Sept. 1, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today highlighted that its electric vehicle (EV) ecosystem business model is designed to produce higher than average gross margins produced by typical EV manufacturing companies. 

ALYI's revenue streams will include the sale of EVs similar to typical EV manufactures, but ALYI's revenue streams are intended to blend in higher gross margin revenue streams as well.

Tesla, for instance, reported a 24% gross margin as of June 30, 2021.  Uber reported a 46% gross margin as of June 30, 2021.  ALYI plans to generate revenue not just from the sale of EVs, but also, for instance, from the rideshare business the company is delivering EVs to.

Revenue from the higher margin rideshare business is just one example of how ALYI expects to deliver higher gross margins than typical EV manufacturing companies by building an entire EV ecosystem business model instead of just focusing on the manufacturing of EVs.

Management plans to elaborate further on its gross margin expectations next week, on Thursday, September 9^th, 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 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 overall EV Ecosystem Business Strategy with the development of its own EV motorcycle business that includes the Rideshare initiative 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 $16 billion in 2018 and expected to grow to over 29 billion by 2026.

ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with ReovltTOKEN 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.

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

View original content:https://www.prnewswire.com/news-releases/alyi-ev-ecosystem-designed-to-produce-higher-gross-margins-than-ev-manufacturers-301367588.html

SOURCE Alternet Systems, Inc.

FAQ

What is Alternet Systems' revenue strategy for its EV ecosystem?

Alternet Systems plans to create multiple revenue streams, including rideshare services, to achieve higher gross margins than typical EV manufacturers.

When will ALYI provide updates on its revenue expectations?

ALYI is scheduled to provide updates on its revenue expectations on September 9, 2021.

What is the projected growth of the motorcycle taxi market that ALYI is targeting?

The global motorcycle taxi market, valued at $16 billion in 2018, is expected to grow to over $29 billion by 2026.