ALYI Eclectic Vehicle Delivery Strategy Echoed By Canoo Pending Merger With HCAC
August 25 2020 - 8:01AM
InvestorsHub NewsWire
Dallas, TX -- August 25, 2020 --
InvestorsHub NewsWire -- via Alternet Systems, Inc. (USOTC:
ALYI) again 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 (NASDAQ:
HCAC). The deal values Canoo at $2.4 billion. The most
recent news from Canoo emphasizes the high potential for electric
delivery vehicles to fill the final mile delivery market echoing
ALYI’s preceding electric vehicle delivery
strategy.
Last month,
ALYI confirmed plans for producing and selling electric delivery
trucks in Africa made of hemp and powered by hemp
batteries. The company CEO Dr. Randell Torno, first
announced the electric delivery vehicles last September in an
interview with the CEO of the Africa Development
Organization, Libasse Diop Dia. In the interview, the two
CEO's discussed the industrialization of Africa with a
focus on the development of clean, sustainable
energy.
ALYI electric
delivery vehicle is part of ALYI's overall comprehensive,
long-term electric mobility business strategy focused on rapidly
expanding into the market in Sub-Saharan Africa. The strategy
begins with the production of ALYI's proprietary ReVolt Electric
Motorcycle designed for a rugged environment and to support the
multi passenger Ride-Share industry in Africa already
recognized by Uber and Lyft.
ALYI recently
introduced the RevoltTOKEN cryptocurrency dedicated to funding
ALYI's $300 million electric vehicle (EV) initiative in
Africa. RevoltTOKEN has a current $25
million investment commitment to ALYI as part of an overall
planned initial cryptocurrency offering intended to raise $100
million for investment into
ALYI.
ALYI has
already published a comprehensive narrative presentation on its
strategy with RevoltTOKEN. The presentation can be viewed
at:
ALYI and RevoltTOKEN Ignite $300M African
Electric Vehicle Production and Marketing
Campaign
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
SOURCE: Alternet Systems,
Inc.
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