ALYI Targets $2 Million In 2021 Revenue From First Electric Vehicle Sales
September 09 2021 - 8:50AM
InvestorsHub NewsWire
Dallas, TX --
September 9, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced a $2 million revenue target for
2021. The company expects to begin delivery on an order of
2,000 electric motorcycles slated for service in the motorcycle
taxi (boda boda) market in
Africa.
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.
ALYI will not
just generate revenue selling electric motorcycles into the taxi
market, ALYI will also generate revenue from participating in the
taxi market itself. ALYI expects to acquire an equity stake
in a motorcycle taxi business and generate revenue from taxi
operations. ALYI plans to evolve the taxi operations
long-term into a rideshare
operation.
Through
participation in the taxi operations, ALYI expects to produce
higher grow margins than typical Electric Vehicle (EV) businesses
are designed to generate.
Tesla, for
instance, reported a 24% gross
margin as of June 30, 2021. Uber reported a 46% gross
margin as of June 30, 2021. ALYI plans to generate
revenue not just from the sale of EVs, but also, for instance, from
the rideshare business the company is delivering EVs
to.
ALYI’s 2021
target may increase with the addition of EV sales before year end
in Ethiopia. The company has previously announced the
expansion of an EV pilot into Ethiopia and management is optimistic
the pilot may convert into additional EV sales before year
end.
While ALYI is
generating its first EV industry revenues from the sale of electric
motorcycles, ALYI is not just an electric motorcycle
business. ALYI is seeding an extensive overall Electric
Vehicle Ecosystem Business Strategy with an Electric Motorcycle
Business.
ALYI is
building an entire Electric Vehicle (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 plans to
make its EV Ecosystem Business a central brand name in the overall
EV industry with the participation of major auto industry brand
names. 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 in addition to adding substantial
revenue, 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 expects
to soon make an announcement in regard to taking an equity stake in
an African EV race business related to the previously mentioned
global EV race brand.
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/.
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
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Sep 2023 to Sep 2024