ALYI To Increase EV Revenue Potential With Acquisition Into $3.3 Billion Regional Market

Rhea-AI Summary

Alternet Systems (ALYI) announced key acquisitions aimed at expanding its presence in the electric vehicle market in East Africa. CEO Randell Torno will visit Nairobi and London to finalize these deals, which target the growing motorcycle taxi industry in Kenya worth $3.3 billion annually. ALYI expects to generate immediate revenue from this sector and plans to transition traditional taxis to electric models. Additionally, the acquisition in London is set to promote an annual brand EV race, enhancing revenue opportunities. The company is targeting $2 million in revenue from its electric motorcycle sales in 2021.

Positive

• Target acquisition allows immediate revenue generation from $3.3 billion motorcycle taxi market in Kenya.
• Plans to transition traditional motorcycle taxis to electric models, enhancing sustainability.
• The annual brand name EV race will further boost revenue and brand visibility.
• Targeting $2 million in revenue from electric motorcycle sales in Africa.

Negative

• None.

DALLAS, Nov. 4, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today confirmed ALYI CEO Randell Torno will be in Nairobi next week and London the following week in conjunction with the anticipated closing of the two acquisitions.

ALYI is an Electric Vehicle and overall Electric Vehicle Ecosystem company concentrating on the East African market with plans to expand into to the overall global developing economic market.

The target acquisition in Nairobi is designed to give ALYI entry into the existing motorcycle taxi market in Kenya.  Through the acquisition, ALYI will begin to generate revenue immediately from the existing motorcycle taxi market in Kenya with an estimated $3.3 billion in revenue annually from over one million motorcycle taxis providing over 20 million rides per day.  ALYI will then be in an ideal position to manage the conversion of combustion engine powered motorcycle taxis to electric motor-powered motorcycle taxis.

The second acquisition expected to be finalized in conjunction with Mr. Trono's trip to London, will solidify ALYI's strategy to introduce an annual brand name EV race in Kenya and at the same time, increase ALYI's revenue and margin potential.

The company recently announced a $2 million 2021 revenue target anticipated from sales of its first electric motorcycles into the African motorcycle market. 

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 designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token to finance ALYI's growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about Revolt Token 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-to-increase-ev-revenue-potential-with-acquisition-into-3-3-billion-regional-market-301416645.html

SOURCE Alternet Systems, Inc.

FAQ

What acquisitions is ALYI focusing on?

ALYI is focused on acquiring motorcycle taxi operations in Nairobi and promoting an EV race in London.

How much revenue is ALYI expecting from the motorcycle taxi market?

ALYI expects to generate revenue from a $3.3 billion motorcycle taxi market in Kenya.

What is ALYI's revenue target for 2021?

ALYI is targeting $2 million in revenue from electric motorcycle sales in 2021.

What strategic goals does ALYI have for the future?

ALYI aims to transition combustion engine motorcycle taxis to electric and expand its presence in the EV ecosystem.