ALYI – Alternet Systems Kicks Off $100 Million Electric Vehicle Production Facility Project
Separately, ALYI has already initiated and continues to develop $300 million in electric vehicle projects in Africa targeting the shared ride market.
- Separately, ALYI has already initiated and continues to develop $300 million in electric vehicle projects in Africa targeting the shared ride market.
- IW Global has proposed launching and managing an Initial Coin Offering (ICO) on ALYIs behalf specifically targeted at raising $100 million to fund infrastructure for electric vehicle production in Africa.
- This NewCo will be a separate company apart from ALYI but exclusively contracted by ALYI for producing ALYI designed vehicles.
- A successful ICO would permit ALYI to substantially accelerate and expand upon its initial $300 million in existing electric vehicle projects.