Kevin85ify
JF-Expert Member
- Apr 6, 2019
- 2,684
- 3,429
TUESDAY, JUNE 25, 2019 19:01
US-based motorcycle maker ReVolt Electric has hired an industrial design firm to prepare architectural drawings for its planned Kenyan manufacturing facility.
Alternate Systems, the firm’s mother company said in a statement to shareholders this was informed by its feasibility findings that showed the African market presented it with a potential to create Sh5 billion in value to the firm’s business.
The industrial design firm has been tasked with developing plans for the mass production of ReVolt Electric Motorcycles. The purview includes addressing the design of the ReVolt Electric Motorcycle itself.
“Alternet Systems, Inc. (ALYI) has today published a presentation to provide details on the company’s plan to create over Sh5 billion ($50 million) in value from its African strategy,” it said.
ALYI said it had signed a letter of intent (LoI) with Kenyan and European-based partners for its new investment aiming at building partnerships with well-known existing brand name outfits that can contribute to building investment community interest and demand.
US-based motorcycle maker ReVolt Electric has hired an industrial design firm to prepare architectural drawings for its planned Kenyan manufacturing facility.
Alternate Systems, the firm’s mother company said in a statement to shareholders this was informed by its feasibility findings that showed the African market presented it with a potential to create Sh5 billion in value to the firm’s business.
The industrial design firm has been tasked with developing plans for the mass production of ReVolt Electric Motorcycles. The purview includes addressing the design of the ReVolt Electric Motorcycle itself.
“Alternet Systems, Inc. (ALYI) has today published a presentation to provide details on the company’s plan to create over Sh5 billion ($50 million) in value from its African strategy,” it said.
ALYI said it had signed a letter of intent (LoI) with Kenyan and European-based partners for its new investment aiming at building partnerships with well-known existing brand name outfits that can contribute to building investment community interest and demand.