ALYI Electric Motorcycle Business Runs Parallel To Harley-Davidson SPAC
December 13 2021 - 9:13AM
InvestorsHub NewsWire
Dallas, TX -- December 13, 2021 -- InvestorsHub NewsWire --
Alternet Systems, Inc. (USOTC:
ALYI) today highlighted the Harley-Davidson (NYSE:
HOG) announcement that it will bring its
LiveWire electric motorcycle division public through a SPAC merger
with AEA-Bridges Impact Corp (NYSE:
IMPX) at a pro-forma enterprise value of $1.77 billion.
"LiveWire plans to redefine motorcycling as the
industry-leading, all-electric motorcycle company, with a focus on
the urban market and beyond," the company said in a statement.
LiveWire indicates it will have two strategic partners,
Harley-Davidson and the Taiwanese based powersports company
KYMCO.
“At risk of seeming immodest, ALYI implemented what now seems to
be the Harley-Davidson electric motorcycle business plan before
Harley-Davidson,” said Alternet Systems CEO, Dr. Randell Torno. “We
married western design with Asian manufacturing to develop electric
motorcycles for the emerging urban market while Harley-Davidson was
still developing SUV priced electric motorcycles. Now
Harley-Davidson thinks their urban and beyond focus with their
KYMCO partner is $1.7 billion idea. Well, I tend to agree with
them. ALYI just had the idea first. Perhaps with a global brand
name like Harley-Davidson pursuing an electric motorcycle strategy
that runs parallel to ours, ALYI’s electric motorcycle business
will enjoy some benefit from the implied validation of our electric
motorcycle strategy.”
ALYI has begun delivering electric motorcycles manufactured in
China to go into service within the motorcycle taxi market in East
Africa.
ALYI partnered with MODUS in 2019, a Texas based engineering and
to develop an electric motorcycle for ALYI based on the 1930’s BMW
R71 motorcycle design.
ALYI recognized early on the market potential of marrying
western design with Asian manufacturing.
In addition to deploying electric motorcycles in Africa, ALYI
has also started delivering electric three-wheel vehicles in Africa
for both the taxi and delivery markets as yet another component of
ALYI’s overall EV Ecosystem solution.
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.
ALYI has designed its EV Ecosystem solution to include
democratized participation. ALYI has partnered with Revolt Token
(RVLT) 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.
Alsternet Systems, Inc.
Randell Torno
info@lithiumip.com
+1-800-713-0297
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