ALYI Revolt Token Democratized EV Ecosystem Expected To Generate Over $1 Million In Revenue By Year End
Alternet Systems (USOTC: ALYI) announced plans to generate revenue from its Electric Vehicle Ecosystem by year-end 2021, with a target of over $1 million. The company is developing an EV ecosystem focused on electric motorcycles for the taxi market in Africa, capitalizing on a growing market expected to reach $29 billion by 2026. ALYI aims to deliver 2,000 electric motorcycles and will reveal more revenue details on September 9, 2021. A partnership with ReovltTOKEN aims to democratize participation in funding the EV ecosystem.
- Expected to generate over $1 million in revenue by year-end 2021.
- Developing an extensive Electric Vehicle Ecosystem focused on the African motorcycle taxi market.
- The global motorcycle taxi market projected to grow to over $29 billion by 2026.
- Plans to deliver 2,000 electric motorcycles to the African market.
- None.
DALLAS, Sept. 7, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today confirmed the company expects to begin generating revenue before the end of the year from the company's Electric Vehicle (EV) Ecosystem business. On Thursday this week, September 9th, 2021, the company will publish details on the anticipated sources of revenue and specific revenue targets.
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 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/.
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 later this 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.
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
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SOURCE Alternet Systems, Inc.
FAQ
What is Alternet Systems' revenue target for 2021?
When will ALYI provide more revenue details?
What market is ALYI targeting with its electric motorcycles?
What is the projected growth of the motorcycle taxi market?
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