ALYI Expects To Begin Delivering On Order For 2,000 Electric Motorcycles Before The End Of 2021

Rhea-AI Summary

Alternet Systems (ALYI) announced plans to start delivering an order of 2,000 electric motorcycles in Africa, aiming to replace combustion engine motorcycle taxis. Anticipated revenue details and targets for 2021 will be disclosed on September 9, 2021. The company is focusing on building a comprehensive Electric Vehicle (EV) ecosystem with profitable rideshare solutions. The global motorcycle taxi market, valued at $16 billion in 2018, is projected to reach over $29 billion by 2026. ALYI expects to generate over $1 million in revenue this year, leveraging both motorcycle sales and participation in the rideshare market.

Positive

• Commencement of delivery for an order of 2,000 electric motorcycles, indicating demand.
• Expecting over $1 million in revenue for 2021, highlighting growth potential.
• Participation in the rideshare market could lead to higher profit margins compared to typical EV businesses.

Negative

• None.

Dallas, TX, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the company expects to begin delivering on an existing order for 2,000 electric motorcycles. Tomorrow, on Thursday, September 9^th, 2021, the company will publish details on the anticipated sources of revenue and specific revenue targets expected by the end this year, 2021.

ALYI is building an entire Electric Vehicle (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 $16 billion in 2018 and expected to grow to over 29 billion by 2026.

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 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.

Management plans to elaborate further on its overall revenue targets and gross margin expectations later this 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 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.

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 the delivery announcement made by Alternet Systems (ALYI)?

Alternet Systems announced the delivery of 2,000 electric motorcycles, set to begin shortly.

When will ALYI publish details on expected revenue targets?

ALYI will reveal specific revenue targets on September 9, 2021.

What revenue does ALYI expect for 2021?

ALYI expects to generate over $1 million in revenue for the year 2021.

What market is ALYI targeting with its electric motorcycles?

ALYI is targeting the motorcycle taxi market in Africa for its electric motorcycles.