Welcome to our dedicated page for Alternet Sys news (Ticker: ALYI), a resource for investors and traders seeking the latest updates and insights on Alternet Sys stock.
The ALYI news page on Stock Titan provides an organized view of historical and transitional news related to Alternet Systems, Inc. (ALYI) and its evolution into MBAK Energy Solutions, Inc. (f/k/a Alternet Systems, Inc.). Company releases describe how the business moved from an electric vehicle and e-mobility focus under the ALYI symbol toward a broader role in non-fossil fuel energy products and battery technologies under the MBAK ticker.
Earlier news items under ALYI discuss the company’s electric motorcycle taxi strategy, an electric vehicle racing initiative, and merger and acquisition explorations intended to adapt its EV ecosystem vision. These updates highlight efforts to develop electric motorcycle assets and consider potential combinations with other businesses to strengthen its position in the electric vehicle market.
Later releases identify MBAK Energy Solutions, Inc. as formerly known as Alternet Systems, Inc. and describe activities such as designing and producing lithium, sodium, and solid-state batteries for industrial, medical, portable electronics, and EV applications. News also references Battery Energy Storage System (BESS) contracts for an Indian power grid, demand for batteries for electric two- and three-wheelers, and supply of battery cells for data center power facilities.
Another key news item notes that MIA Global, Inc. is acquiring the controlling interest in Alternet Systems, Inc., making ALYI a MIA Global affiliated company and indicating potential changes in branding and business focus. By reviewing these articles together, readers can trace how ALYI’s EV and e-mobility initiatives connect to the battery-focused operations described for MBAK Energy Solutions, Inc.
Alternet Systems (OTC Pink: ALYI) has collaborated with Revolt Token (RVLT) to enhance its Electric Vehicle (EV) Ecosystem, focusing on East Africa and global markets. A video discussion featuring CEOs Randell Torno and Henryk Dabrowski outlines the project’s vision and funding strategy, aiming for $100 million support from RVLT. The partnership promotes democratized participation through Revolt Tokens, illustrating ALYI's commitment to the EV sector and outlining future funding requirements and milestones.
Alternet Systems, Inc. (OTC Pink: ALYI) announced a strategic acquisition in Nairobi targeting the motorcycle taxi market, expected to generate immediate revenue from an estimated $3.3 billion annual market. This move will position ALYI to shift from combustion engine to electric motorcycles. Furthermore, CEO Randell Torno is preparing for a second acquisition aimed at introducing a branded annual EV race in Kenya, potentially enhancing revenue streams. ALYI projects $2 million in 2021 revenue from electric motorcycle sales within the African market, while building a comprehensive Electric Vehicle Ecosystem.
Alternet Systems (ALYI) announced key acquisitions aimed at expanding its presence in the electric vehicle market in East Africa. CEO Randell Torno will visit Nairobi and London to finalize these deals, which target the growing motorcycle taxi industry in Kenya worth $3.3 billion annually. ALYI expects to generate immediate revenue from this sector and plans to transition traditional taxis to electric models. Additionally, the acquisition in London is set to promote an annual brand EV race, enhancing revenue opportunities. The company is targeting $2 million in revenue from its electric motorcycle sales in 2021.
Alternet Systems, Inc. (OTC Pink: ALYI) is launching its first electric motorcycles on November 1st in Kenya's motorcycle taxi market. The company aims for $2 million in 2021 revenues from these sales. ALYI is building a comprehensive Electric Vehicle Ecosystem, supporting both consumer and commercial EV adoption. The ecosystem includes vehicle design and charging infrastructure, fostering democratized participation through the sale of Revolt Tokens. ALYI's focus is on East Africa, with future expansions planned. The company is positioned to benefit from the growing electric vehicle market.
Alternet Systems (ALYI) plans two strategic acquisitions in East Africa, set for November. The first acquisition targets Kenya's motorcycle taxi market, aiming to boost profits through higher margin revenues from taxi operations alongside electric motorcycle sales. The second acquisition will support ALYI's goal to establish an annual brand name EV race in Kenya, enhancing revenue potential. CEO Randell Torno will visit Nairobi and London next month regarding these acquisitions. ALYI also targets $2 million in 2021 revenue from electric motorcycle sales in Africa.
Alternet Systems, Inc. (USOTC: ALYI) has announced plans for two strategic acquisitions in East Africa, set to close in November 2021. The first acquisition aims to integrate ALYI into Kenya's motorcycle taxi market, enhancing profitability through higher margin revenue from taxi operations. The second acquisition will support ALYI's initiative to introduce an annual EV race in Kenya, further increasing revenue potential. The company is targeting $2 million in revenue from electric motorcycle sales in 2021 and is developing an Electric Vehicle Ecosystem with participation facilitated through Revolt Tokens.
Alternet Systems (OTC Pink: ALYI) announced plans for two strategic acquisitions targeting the East African market, scheduled for November. The first acquisition aims to integrate ALYI into Kenya's motorcycle taxi market, enhancing profitability by adding higher-margin revenues. The second acquisition will support ALYI's initiative to launch an annual brand-name EV race in Kenya, further boosting revenue potential. The company anticipates $2 million in revenue from electric motorcycle sales in Africa.
Alternet Systems, Inc. (ALYI) announced the shipment of 2,000 electric motorcycles to Kenya, set to serve as motorcycle taxis starting November 30, 2021. The company aims to achieve a revenue target of $2 million in 2021 from these sales. ALYI focuses on developing an Electric Vehicle (EV) Ecosystem to enhance EV adoption in East Africa, including partnerships for financing through Revolt Tokens. This initiative establishes a comprehensive support system for electric vehicles, from design to infrastructure.
Alternet Systems (OTC Pink: ALYI) has announced the shipment of 2,000 electric motorcycles to Kenya, set to begin on November 30, 2021, for use as motorcycle taxis, known as boda-bodas. This move aligns with ALYI's target to achieve $2 million in revenue for 2021 from electric motorcycle sales. The company aims to expand its Electric Vehicle Ecosystem in East Africa, facilitating broader access to electric vehicles through partnerships like Revolt Token, which finances ALYI's growth.
On October 13, 2021, Alternet Systems, Inc. (ALYI) showcased its Retro Revolt Electric Motorcycle prototype in final assembly. This second prototype features a rear hub motor, enhancing battery capacity. ALYI aims to establish a comprehensive electric vehicle ecosystem, partnering with iQSTEL to create a specialized battery solution. The company plans to generate $2 million in revenue by year-end through sales in Africa's motorcycle taxi market, signaling its ambition to innovate in developing regions. ALYI is also collaborating with Revolt Token to finance operations via token sales.
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