ALYI Expects To Exceed First Million In EV Ecosystem Revenue Before Year End
Alternet Systems, Inc. (OTC Pink: ALYI) expects to surpass $1 million in revenue by year-end 2021 from its electric vehicle ecosystem. Instead of launching a single product, ALYI focuses on a comprehensive EV ecosystem, including vehicle design, infrastructure, and the transition from combustion engines. A pilot electric motorcycle program in Kenya, with a 2,000-unit order, is set for delivery before year's end. Recently, the company expanded its EV rideshare pilot into Ethiopia, aiming to replace combustion motorcycles. A major announcement regarding an EV race event is expected.
- Expected revenue exceeding $1 million by year-end 2021.
- Launch of a pilot electric motorcycle program with a 2,000-unit order in Kenya.
- Expansion of EV rideshare pilot into Ethiopia, targeting motorcycle replacement.
- None.
Dallas, TX, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the company expects to exceed its first million in revenue prior to the end of the year from the electric vehicle ecosystem the company has been constructing over the last few years.
Instead of introducing a single EV product, ALYI’s business focus is on the introduction of an 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.
The company launched a pilot in Kenya in July in conjunction with a 2,000 electric motorcycle order. CEO Dr. Randell Torno expects to begin delivering on the 2,000 electric motorcycle order before the end of the year. The company intends to publish a specific revenue target shortly after Labor Day which falls on September 6, 2021.
Earlier today, the company announced an expansion of the Electric Vehicle (EV) Rideshare Business Pilot into Ethiopia. The pilot expansion in Ethiopia has been in the works for approximately the last year. Dr. Torno visited Addis Ababa earlier this month to finalize expansion plans.
Africa has millions of motorcycles, both two wheeled and three wheeled, deployed as taxis or boda-bodas and tuk tuks, and ALYI, as one part of its overall EV Ecosystem Business Strategy, is engaged in a project to replace combustion engine motorcycles with electric motorcycles.
The global motorcycle taxi market was valued by Verified Market Research at
Ultimately, ALYI does not intend to go it alone on the overall development and rollout of its overall EV Ecosystem Business Strategy. ALYI is building a core element into its Ecosystem that attracts, if not compels the participation of all would be brand name EV industry leaders in an annual EV symposium and conference. The EV symposium and conference will be anchored by an EV race event in Kenya that comes with a substantial brand name.
The EV race market was valued in 2019 at over
ALYI’s EV Ecosystem is founded on building participation in an EV race event as a central component in advancing EV technology and EV branding.
ALYI has been developing a partnership with a major EV racing brand for more than two years now. Over a year ago, ALYI entered into a formal partnership agreement that includes that EV racing brand. The first milestone objectives contemplated under the agreement have been achieved and the next steps are imminent. ALYI expects the next steps to include naming the EV racing brand at which time, ALYI management anticipates ALYI’s overall visibility within the global EV market to be substantially elevated.
The objective of the EV symposium and conference anchored by an EV race is to advance EV technology by building EV solutions for the African market – a power constrained, rugged environment with one of the lowest per capita transportation deployments in the world. EV solutions for the African market will be applicable the world around. EV solutions designed and built in Africa also contribute to building an autonomous African economy.
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/.
ALYI plans to make a major announcement later this month regarding the EV race that management expects will garner substantial attention to ALYI’s overall EV Ecosystem strategy.
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 expected revenue target for ALYI by the end of 2021?
Where is ALYI launching its electric motorcycle pilot?
What recent expansion has ALYI made in its electric vehicle business?
What significant announcement is ALYI planning for September 2021?
