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Posted On: 07/13/2020 9:17:29 AM
Post# of 108350
ALYI Compared to Tesla
ALYI recently announced a letter of intent for a $25 million investment that included a $2.5 million advance to fund a design and engineering phase of a development to construct facilities in Kenya covering approximately 100 acres that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium.
The annual event is one component of the company's overall $300 million initiative centered on initially launching electric motorcycles for the ride-share market in Africa. ALYI has produced a pilot vehicle and expects production to start in Africa by year end.
Next week, on Tuesday, July 14, management plans to publish more details on the 100-acre development.
ALYI recently announced a letter of intent for a $25 million investment that included a $2.5 million advance to fund a design and engineering phase of a development to construct facilities in Kenya covering approximately 100 acres that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium.
The annual event is one component of the company's overall $300 million initiative centered on initially launching electric motorcycles for the ride-share market in Africa. ALYI has produced a pilot vehicle and expects production to start in Africa by year end.
Next week, on Tuesday, July 14, management plans to publish more details on the 100-acre development.
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