EV Maker Alternet Systems, Inc. (OTCMKTS: ALYI) Surges Higher as ReVolt Gains Traction


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Alternet Systems, Inc. (OTCMKTS: ALYI) is heating up and skyrocketing up the charts after the Company reported it will present a comprehensive update next Wednesday, September 2, 2020 on the $100 million transaction intended to fund ALYI’s electric mobility business. RevoltTOKEN has just secured the last key component necessary to proceed with the funding transaction.

ALYI has entered into a comprehensive funding agreement with RevoltTOKEN that includes an existing $25 million first tranche investment commitment at $0.05 per share. ALYI has initiated a $2.5 million draw down on the first $25 million to begin construction on a 100-acre facility in Africa.  Overall, RevoltTOKEN intends to invest $100 million in ALYI in conjunction with an independent initial cryptocurrency offering (ICO). RevoltTOKEN has already partitioned a cryptocurrency on the Ethereum Blockchain in advance of the planned ICO.

Alternet Systems, Inc. (OTCMKTS: ALYI) is focused on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall $300 million electric mobility project in Africa. On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI).

Last month, ALYI confirmed plans for producing and selling electric delivery trucks in Africa made of hemp and powered by hemp batteries. The company CEO Dr. Randell Torno, first announced the electric delivery vehicles last September in an interview with the CEO of the Africa Development Organization, Libasse Diop Dia. In the interview, the two CEO’s discussed the industrialization of Africa with a focus on the development of clean, sustainable energy. The Company noted just how hot the EV Market is when they commented on the latest electric vehicle industry news about subscription electric van startup Canoo Holdings going public through a SPAC merger with Hennessy Capital Acquisition IV (NASDAQ: HCAC). The deal values Canoo at $2.4 billion.

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Yesterday, ALYI announced that it expects a new fleet order for its ReVolt Electric Motorcycle to double the company’s current production outlook. Earlier this month the company announced entering into discussions regarding additional fleet orders. Management now expects to sign an order resulting from those discussions by the end of September.

ALYI currently has already entered into an initial $20 million electric motorcycle order and an additional letter of intent for a $30 million contract. Both agreements cover six-year durations resulting in an overall $300 million revenue opportunity for ALYI. The new order expected to be signed next month would edge ALYI toward a $500 million revenue opportunity.

Still drawing on the BMW R71 original design and look, after several design iterations, 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.

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Currently in full beast mode running northbound ALYI is an exciting story developing in snall caps; the Company continues to report on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall electric mobility project. announced initiating a design and engineering phase of a development to construct facilities covering approximately 100 acres that will be required to host the intended anchor event at the company’s annual electric mobility conference and symposium. Yesterday, ALYI announced that it expects a new fleet order for its ReVolt Electric Motorcycle to double the company’s current production outlook. Earlier this month the company announced entering into discussions regarding additional fleet orders. Management now expects to sign an order resulting from those discussions by the end of September. ALYI noted just how hot the EV Market is when they commented on the latest electric vehicle industry news about subscription electric van startup Canoo Holdings going public through a SPAC merger with Hennessy Capital Acquisition IV (NASDAQ: HCAC). The deal values Canoo at $2.4 billion.  ALYI currently has massive momentum, is attracting legions of new shareholders and is emerging as a volume leader on track to top $10 million in dollar volume Friday. We will be updating on ALYI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ALYI.

Disclosure: we hold no position in ALYI either long or short and we have not been compensated for this article.

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