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ALYI Sharing Economy EV Model Receives Validation With $2.4B Canoo SPAC Merger

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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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62119

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Receives Georgian VASP License, Strengthening Global Regulatory Presence

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Accredited Solutions, Inc. Announces Strategic Acquisition of GlobeTopper, a $37M Revenue Platform Acquisition to Anchor Fintech Strategy

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DIGZAX Enhances Collaborative Security System, Pioneering New Heights in Cryptocurrency Trading

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