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ALYI Sharing Economy EV Model Receives Validation With $2.4B Canoo SPAC Merger
Dallas, Texas–(Newsfile Corp. – August 19, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted the latest electric vehicle industry news about subscription electric van startup, Canoo Holdings going public through a SPAC merger with Hennessy Capital Acquisition IV. The deal values Canoo at $2.4 billion.
Similar to ALYI’s sharing economy business model targeting its ReVolt Electric Motorcycle for deployment into a Ride Share solution in Africa, Canoo plans to make its electric van available through subscription.
The number of U.S. adults participating in the sharing economy is expected to grow from 44.8 million reported in 2016 to 86.5 million next year accounting for $335 billion in revenue by 2025. Subscription eCommerce has grown more than 100 percent per year since 2016.
ALYI currently has an initial $20 million electric motorcycle order and an additional letter of intent for a $30 million contract. Both agreements cover six-year durations resulting in an overall $300 million revenue opportunity for ALYI.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62119
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