ALYI EV Ecosystem Designed To Produce Higher Gross Margins Than EV Manufacturers
01 September 2021 - 4:34PM
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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