Alternet Systems introduced the RevoltTOKEN cryptocurrency dedicated to funding ALYI’s $300 million electric vehicle initiative in Africa.

ALYI has partnered with RevoltTOKEN to fund ALYI’s $300 million electric (EV) initiative in Sub-Saharan Africa.  RevoltTOKEN has already entered into a letter of intent (LOI) agreement to fund ALYI with a first $25 million tranche of the overall plan to fund an overall $100 million.  RevoltTOKEN has further agreed to pre-fund up to the first $2.5 million of the first $25 million tranche.

ALYI has developed a comprehensive, long-term electric mobility business strategy focused on rapidly expanding into the market in Sub-Saharan Africa. The strategy begins with the production of ALYI’s proprietary ReVolt Electric Motorcycle designed for a rugged environment and to support the multi passenger Ride-Share industry in Africa already recognized by Uber and Lyft.

The ReVolt Electric Motorcycle has been developed through multiple pilot phases.  An industrial engineering firm is currently designing the manufacturing capacity to mass produce the ReVolt Electric Motorcycle.

The ReVolt Electric Motorcycle is only ALYI’s first electric vehicle.  ALYI is currently designing electric delivery trucks specifically for the Sub Saharan Market.  Additional electric vehicles are in the works.

To market ALYI’s current and future eclectic vehicles, ALYI has developed an annual electric mobility conference and symposium with a brand name anchor event.  The annual electric mobility event is intended to establish ALYI as a global brand and at the same time contribute to the evolution of future products to be produced by ALYI.