ALYI Sharing Economy EV Model Receives Validation With $2.4B Canoo SPAC Merger
August 19 2020 - 1:53PM
InvestorsHub NewsWire
Dallas, TX -- August 19, 2020 -- InvestorsHub NewsWire --
Alternet Systems, Inc. (OTC
Pink: ALYI) today highlighted the latest electric
vehicle industry news about subscription electric van
startup, Canoo Holdings going public through a SPAC merger with
Hennessy Capital Acquisition IV. The deal values Canoo at $2.4
billion.
Similar to ALYI's sharing economy business model targeting its
ReVolt Electric Motorcycle for deployment into a Ride Share
solution in Africa, Canoo plans to make its electric van available
through subscription.
The number of U.S. adults participating in the sharing economy
is expected to grow from 44.8 million reported in 2016
to 86.5
million next year accounting for $335 billion in revenue
by 2025. Subscription eCommerce has grown more than 100 percent per
year since 2016.
ALYI currently has an initial $20 million electric motorcycle
order and an additional letter of intent for a $30 million
contract. Both agreements cover six-year durations resulting in an
overall $300 million revenue opportunity for ALYI.
ALYI New Logo
With electric vehicle market interest at an all-time high, ALYI
management currently reports that it has entered into discussions
for additional fleet orders that could substantially increase its
current $300 million revenue opportunity doubling the current
outlook and potentially seeing the outlook even higher than twice
the current $300 million revenue opportunity.
ALYI has entered into an agreement to receive a $25 million
investment from RevoltTOKEN to fund ALYI's
electric mobility initiative in Africa leading with the ReVolt
Electric Motorcycle. The investment is part of a RevoltTOKEN
planned initial cryptocurrency offering (ICO) intended to raise
$100 million for an overall investment into ALYI's electric
mobility initiative in Africa.
Over two years ago, ALYI piloted an electric motorcycle that in
its first rendition was a BMW R71 clone retrofitted with an
electric motor. The BMW R71 is a breathtaking iconic image
popularized through decades of frequent Hollywood screen
appearances in addition to the real engineering breakthroughs that
maintain the bike's relevance.
The market opportunity initially considered for the ReVolt
Electric Motorcycle encompassed a target audience of clean energy
enthusiasts drawn to the iconic image. While that market remains in
ALYI's sites, the much larger target market opportunity involves
dominating a core component of the everyday transportation sector
in Africa - motorcycle taxis or Boda-bodas.
Iconic design alone would not make the ReVolt Electric
Motorcycle a dominant competitor in the African motorcycle market.
So began an intense and comprehensive engineering initiative to
expand upon the engineering breakthroughs of the original BMW R71
motorcycle to make the ReVolt Electric Motorcycle the go-to option
in the African market.
The ReVolt Electric Motorcycle today is an innovation feat. When
ALYI unveils the production version of the ReVolt Electric
Motorcycle, it will be an industry changing event. The ReVolt
Electric Motorcycle is a connected, state of the art electric
motorcycle, ergonomically optimized for its target market while
still maintaining an iconic look.
ALYI expects to be in production later this year.
The SPAC model of going public is gaining popularity with
EV companies. Nikola Corporation (NASDAQ: NKLA) went public by mergin with with VectoIQ
Acquisition.
Fisker Inc has plans to merger with Spartan
Energy (NYSE: SPAQ).
Self-driving vehicle radar firm Velodyne Lidar Inc. plans
to go public through a merger with Graf Industrial
Corp (NYSE: GRAF).
For more information and to stay up to date on ALYI's latest
developments, please visit: http://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. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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