Alternet Systems Inc (ALYI)

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SEEKING ALPHA


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Tech
Alternet Systems +10% on confirmation to enter African EV market
Jul. 27, 2020 10:53 AMAlternet Systems, Inc. (ALYI)By: Shweta Agarwal, SA News Editor
Alternet Systems (OTCPK:ALYI +7.7%) confirms plan for producing and selling electric delivery trucks in Africa that are powered by sustainable hemp batteries.

Focused on rapidly expanding into the market in Sub-Saharan Africa, the company begins with the production of its proprietary ReVolt electric motorcycle to tap the multi passenger ride-share industry, already recognized by Uber and Lyft.

ALYI and RevoltTOKEN Ignite $300M African electric vehicle production and marketing campaign.

The entry in African EV industry arrives with shares of Alternet Systems up 83% YTD.