Alternet forecasts $2M in EV motorcycles and three-wheeled vehicle sales

Dec. 21, 2021 12:02 PM ETAlternet Systems, Inc. (ALYI)By: SA News Team

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  • Alternet Systems, Inc. (OTCPK:ALYI -1.8%) anticipates that it will realize $2M in revenue in 2021 resulting from the sale of electric motorcycles and three wheeled electric vehicles going into service in the taxi and delivery markets in East Africa.
  • The company intends to concentrate 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.
  • Alternet previously announced a $10M 2022 revenue target with a $50M stretch revenue goal.

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