ALYI ReVolt Electric Motorcycle Project Charged By Powerhive Initiative Featured In Bloomberg
August 06 2020 - 9:24AM
InvestorsHub NewsWire
Dallas, TX -- August 6, 2020 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today highlighted the Powerhive solar-powered mini-grid solution in
Africa as a complimentary and enabling initiative to ALYI’s own
ReVolt Electric Motorcycle initiative in Africa.
Bloomberg Powerhive
Story
ALYI has entered into
an agreement to receive a $25
million investment from RevoltTOKEN to fund ALYI’s electric mobility
initiative in Africa leading with the ReVolt Electric
Motorcycle. The investment is part of a RevoltTOKEN planned
initial cryptocurrency offering (ICO) intended to raise $100
million for an overall investment into ALYI's $300
million electric mobility initiative
in Africa.
Over
two years ago, ALYI piloted an electric motorcycle that in its
first rendition was a BMW R71 clone retrofitted with an electric
motor. The BMW R71 is a breathtaking iconic image popularized
through decades of frequent Hollywood screen appearances in
addition to the real engineering breakthroughs that maintain the
bike’s relevance.
The
market opportunity initially considered for the ReVolt Electric
Motorcycle encompassed a target audience of clean energy
enthusiasts drawn to the iconic image. While that market
remains in ALYI’s sites, the much larger target market opportunity
involves dominating a core component of the everyday transportation
sector in Africa – motorcycle taxis or
Boda-bodas.
Iconic
design alone would not make the ReVolt Electric Motorcycle a
dominant competitor in the African motorcycle market. So
began an intense and comprehensive engineering initiative to expand
upon the engineering breakthroughs of the original BMW R71
motorcycle to make the ReVolt Electric Motorcycle the go-to option
in the African market.
The
ReVolt Electric Motorcycle today is an innovation feat. When ALYI
unveils the production version of the ReVolt Electric Motorcycle,
it will be an industry changing event. The ReVolt Electric
Motorcycle is a connected, state of the art electric motorcycle,
ergonomically optimized for its target market while still
maintaining an iconic look.
ALYI
expects to be in production later this year.
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
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