ALYI Previews Two Anticipated Acquisitions To Bolster And Expand EV Ecosystem
August 27 2021 - 2:07PM
ADVFN Crypto NewsWire
Dallas, TX --
August 27, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced ongoing merger and acquisition
developments anticipated to soon result in two acquisitions
intended to bolster the company’s Electric Vehicle (EV) Ecosystem
in Africa. The company recently acquired a stock interest in
self-drive rental vehicle company, and the two additional
anticipated acquisitions are similarly expected to complement
ALYI’s expanding EV Ecosystem
Strategy.
ALYI’s overall
EV Ecosystem Strategy is not to just produced 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 that includes the
Rideshare initiative in Africa and the Retro Revolt Electric
Motorcycle initiative in North
American.
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
has also 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 $16 billion
in 2018 and expected to grow to over 29 billion by
2026.
The company
confirms it 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. The company
intends to publish a specific revenue target shortly after Labor
Day which falls on September 6,
2021.
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 $80
billion dollars and is anticipated to grow to over $200 billion by
2025.
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 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 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
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