Alternet Systems, Inc. (ALYI) announces its first 3-wheel electric vehicles will go into service as taxis and delivery vehicles in Ethiopia on Monday, December 6, 2021.
According to Yahoo Finance, ALYI is on track to reach $2 million revenue by year end from the rollout of its first electric vehicles in East Africa, and ALYI management has published details behind a $10 million base revenue target for 2022 and the potential to reach a stretch target of $50 million,
ALYI is also currently delivering electric motorcycles to Kenya.
ALYI is building an Electric Vehicle (EV) Ecosystem that addresses the entire EV adoption environment, not just the manufacturing of EVs.
ALYI’s EV Ecosystem strategy is concentrating efforts first on developing solutions for the East African market where per capita transportation is low and EV solutions have the potential to be a first to market transportation solution rather than a replacement of an existing solution.
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