ALYI 3 Wheel Electric Vehicles Hit The Road In Ethiopia
December 06 2021 - 12:39PM
InvestorsHub NewsWire
Dallas, TX --
December 6, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced its first 3-wheel electric
vehicles are now in service as taxis and delivery vehicles in
Ethiopia.
ALYI is on
track to reach $2 million revenue by year end from the rollout of
its first electric vehicles in East Africa. Management has
published details behind a $10 million base revenue target for 2022
and the potential to reach a stretch target of $50
million,
ALYI is also
currently delivering electric motorcycles to
Kenya.
The taxi
market for motorcycles and Bajas in East Africa is robust and ALYI
has negotiated an acquisition anticipated to close imminently that
will give ALYI a stake in a taxi operation giving ALYI virtually
unfettered ability to expand the delivery of electric vehicles
replacing combustion engine
vehicles.
ALYI is
building an Electric Vehicle (EV) Ecosystem that addresses the
entire EV adoption environment, not just the manufacturing of
EVs.
ALYI’s EV
Ecosystem strategy is concentrating efforts first on developing
solutions for the East African market where per capita
transportation is low and EV solutions have the potential to be a
first to market transportation solution rather than a replacement
of an existing
solution.
EV solutions
rugged enough to endure the East African environment are also
likely to be viable solutions everywhere else in the world, and
ALYI does plans to expand
globally.
In a move to
accelerate ALYI’s EV Ecosystems expansion, ALYI’s cryptocurrency
funding partner, Revolt Token (RVLT) will now be developing direct
investment partnerships with ALYI EV Ecosystem
partners.
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/.
The
presentation on Friday will also include the latest updates from
Revolt Token (RVLT).
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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