Alternet Systems (OTCMKTS:ALYI) has emerged as a company to follow for those who are looking for relatively smaller operators in the electric vehicle industry. However, last week, the Alternet stock did not fare particularly well as investors sold off the shares and it tanked by as much as 10%.
The company is looking to make a market in the African market and also other developing economies across the world. Not too long ago, Alternet had announced that it was looking to generate a total of $2 million in the form of revenues from the sales of its electric motorcycles in Africa.
That is an important first step for the company as it tries to get into markets worth as much as $200 billion in the electric vehicle space. Although Alternet is looking to make an entry into the electric vehicle space in Africa, it is concurrently trying to become a player in the electric vehicle space in the United States as well.
While building a limited edition electric motorcycle, the company is also looking into the mass production of electric motorcycle that could be sold in the different developing economies of the world. Investors could do well to keep an eye on the Alternet stock this week.
