ALYI EV Partnership Income Includes Potential ROI From IPO Targeting $1B Valuation

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) highlighted its potential income from the EV Ecosystem Partnership in a recent press release.

The company published a strategic outlook presentation for 2022, detailing its initiatives to create partnerships within the EV ecosystem, focusing on investment opportunities.

One notable partnership is with Zoomcar, an India-based self-drive car rental platform, which plans to list in the US with an expected valuation of over $1 billion in early 2022.

Positive

• Strategic investment in Zoomcar may yield high returns.
• Zoomcar plans US listing with potential valuation exceeding $1 billion.

Negative

• Dependence on Zoomcar's IPO success for potential revenue realization.

Dallas, Texas, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted the potential income it stands to realize from the EV Ecosystem Partnership component of its overall business operation.

ALYI recently published a 2022 strategic outlook presentation that explained how the various components of the company’s EV Ecosystem fit together to drive revenue and shareholder value.

The presentation included details on ALYI’s initiative to build EV Ecosystem partners and to add value to its partners, in part with the introduction of investment opportunities for its partners.

One EV Ecosystem partnership initiative addressed in the 2022 strategic outlook involved a the car sharing technology company called Zoomcar Inc. into which ALYI has made a strategic investment.  ALYI management is optimistic about the ROI potential of ALYI’s investment, and that optimism today is enhanced by recent news on Zoomcar’s progress:

“Zoomcar, an India-headquartered self-drive car rental platform operator, plans to get listed in the US in the first half of 2022 with an expected valuation of over USD 1bn” said co-founder and CEO Greg Moran.

"The company is still assessing both traditional initial public offering (IPO) and SPAC routes and will finalize the advisory team in the coming months", Moran said.

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.

Alternet Systems, Inc.
Randell Torno
info@lithiumip.com
+1-800-713-0297

FAQ

What is Alternet Systems' stock symbol?

Alternet Systems trades under the stock symbol ALYI.

What partnership did Alternet Systems highlight in their recent press release?

Alternet Systems highlighted its partnership with Zoomcar, a self-drive car rental platform.

What is Zoomcar's expected valuation when it lists in the US?

Zoomcar is expected to have a valuation of over $1 billion when it lists in the US.

What does Alternet Systems' 2022 strategic outlook presentation include?

The presentation includes details on building EV Ecosystem partners and potential investment opportunities.

What are the risks mentioned in Alternet Systems' press release?

The press release includes risks related to achieving significant sales and meeting contractual performance requirements.