ALYI African Electric Motorcycles Earn New Investment Interest as Uber Features African Electric Motorcycle Rideshare Market
June 11 2020 - 1:46PM
ADVFN Crypto NewsWire
DALLAS, TX -- June 11, 2020 -- InvestorsHub NewsWire -- Alternet
Systems, Inc. (USOTC:
ALYI) today announced that the recent interest expressed by
UBER in the African electric motorcycle market has spurred new
investment interest in ALYI's ongoing $300
million electric mobility project in Africa centered
on the commercial manufacturing launch of ALYI's ReVolt Electric
Motorcycle.
Uber
Africa launches Uber Cash with Flutterwave and
explores EVs
ALYI has an overall comprehensive electric vehicle strategy
in Africa founded on initially launching the commercial
production of the company's own ReVolt Electric Motorcycle.
The ReVolt Electric Motorcycle pilot passed initial design
requirements and ongoing pilot design refinements are expected to
soon deliver a reduced overall weight and improved cruising
range. ALYI has partnered with an independent firm founded
specifically for launching an initial crypto currency offering
(ICO) dedicated to funding ALYI's overall $300
million electric mobility project in Africa.
ALYI is well on track with its funding partner for the African
electric mobility project. A cryptocurrency has already been
partitioned on the Ethereum Blockchain. A pre ICO funding round is
ready to launch and ICO details are being finalized.
The Uber news (above) about their developments
in Africa came out yesterday. ALYI management was
subsequently contacted in regard to the news by investors that have
already expressed interest in potentially underwriting the planned
ICO. As a result, ALYI management will be presenting a
detailed update to the investors next Wednesday, June
17th, aimed at accelerating and increasing the pre ICO
funding round in order to likewise accelerate the manufacturing
launch of the ReVolt Electric Motorcycle.
For more information and to stay up to date on the 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.
Photo - https://media.zenfs.com/en/prnewswire.com/1e9923ef947510e99036120b6323b8de
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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