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Share Name Share Symbol Market Type
Alternet Systems Inc New (PK) USOTC:ALYI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0021 12.57% 0.0188 0.0184 0.0189 0.0189 0.016735 0.0184 35,873,406 21:00:05

ALYI EV Ecosystem Designed To Produce Higher Gross Margins Than EV Manufacturers

01/09/2021 3:34pm

ADVFN Crypto NewsWire


Dallas, TX -- September 1, 2021 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today highlighted that its electric vehicle (EV) ecosystem business model is designed to produce higher than average gross margins produced by typical EV manufacturing companies. 

ALYI’s revenue streams will include the sale of EVs similar to typical EV manufactures, but ALYI’s revenue streams are intended to blend in higher gross margin revenue streams as well.

Tesla (TSLA), for instance, reported a 24% gross margin as of June 30, 2021.  Uber (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.

Revenue from the higher margin rideshare business is just one example of how ALYI expects to deliver higher gross margins than typical EV manufacturing companies by building an entire EV ecosystem business model instead of just focusing on the manufacturing of EVs.

Management plans to elaborate further on its gross margin expectations next week, on Thursday, September 9th, 2021, in conjunction with a schedule management update to provide the latest details on the company’s progress on delivering 2,000 electric motorcycles in Africa to serve the motorcycle taxi (boda-boda) market.  The company has already indicated it expects over a million in revenue this year.  The update will provide more details on anticipated sales before the end of the year to include a specific revenue target.

ALYI is building an entire 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 has seeded an overall EV Ecosystem Business Strategy with the development of its own EV motorcycle business that includes the Rideshare initiative in Africa to replace existing combustion engine powered motorcycle taxis with electric motorcycles.

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 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

 

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