April 16, 2021 -- InvestorsHub NewsWire -- via Khyathi DalalSA News Editor -- 
  • Alternet Systems (OTCPK:ALYI +11.0%secured $1M investment in Zoomcar to fund EV ecosystem expansion; Alternet purchased Zoomcar convertible preferred stock at $2.50/share.
  • To provide the funds for Alternet's investment, the company issued a $1M convertible note with a $0.10 conversion price.
  • Next week, the company will update regarding a new agreement ALYI executed just last week that substantially expands the company's overall electric vehicle ecosystem vision and strategy.
  • The agreement indicates an EV deployment sector expansion beyond ALYI's current rideshare entry point and also brings a geographic expansion opportunity beyond ALYI's current East African concentration.

Source - seekingalpha.com/ALYI

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SOURCE: Khyathi DalalSA News Editor