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SRIVARU Holding Limited - SVMH STOCK NEWS

Welcome to our dedicated page for SRIVARU Holding news (Ticker: SVMH), a resource for investors and traders seeking the latest updates and insights on SRIVARU Holding stock.

SRIVARU Holding Limited, symbol: SVMH, is a pioneering company in the two-wheeled vehicle (TWV) industry, focusing on developing vehicles powered by renewable energy. With a commitment to safety, performance, and comfort, SRIVARU aims to provide a secure and enjoyable riding experience to its customers.

Operating in the vehicle manufacturing segment, SRIVARU's flagship product line, the Prana, is an E2W (Electric Two-Wheeler) vehicle that is setting new standards in the category. The Prana line includes the Prana-Grand and the upcoming Prana-Elite, which will utilize the same platform but offer enhanced features and range.

SRIVARU has recently made significant strides in innovation with the introduction of the Prana 2.0 Grand and Elite models. These models feature the company's version 2.0 intelligent battery system, which extends the on-road driving range to 150km and 250km per charge, significantly surpassing the average daily commute distance by 2-4 times.

The company is actively engaged in engineering and design work, aiming to continually upgrade and enhance its product offerings. Recent developments include the establishment of a robust supply chain and the submission of vehicles for road and safety certification.

For the latest updates and more information, SRIVARU Holding Limited encourages investors and media to contact Crescendo Communications, LLC at +1-212-671-1020 or via email at ir@svmh.ai. Images and further announcements can be found at their official news sections on platforms such as GlobeNewswire.

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SRIVARU (Nasdaq: SVMH) has successfully deployed advanced AI tools to manage lead generation for its PRANA 2.0 electric motorcycle. Launched on June 16, 2024, the booking platform for PRANA 2.0 has received over 2,000 daily inquiries. The AI tools streamline the lead generation process by efficiently analyzing and responding to customer inquiries, thus reducing customer acquisition costs and enhancing resource use. CEO Mohanraj Ramasamy believes this AI integration is pivotal for growth and innovation in the premium electric motorcycle sector.

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SRIVARU (SVMH) announced that beginning June 16th, it will accept reservations for its PRANA 2.0 electric motorbike. The first shipments are expected in early Q3 2024. This marks a significant step towards revenue generation and market adoption. The company is progressing in road testing and safety certification, expected to complete by June end. The new manufacturing facility can produce over 2,000 bikes per month and is designed for scalable expansion. SRIVARU aims to capture the growing electric vehicle market in India, projected to reach $36 billion by 2027, with a 45-50% EV segment by 2030.

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SRIVARU Holding (Nasdaq: SVMH; SVMHW), a provider of premium electric motorcycles, announced it will hold an Extraordinary General Meeting of Shareholders on June 27, 2024. The board set the record date for eligibility to vote at the meeting as June 3, 2024. Relevant materials, including a notice, proxy statement, and proxy card, are available on the company’s website.

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SRIVARU Holding (Nasdaq: SVMH; SVMHW), a provider of premium electric motorcycles, is set to present at the Spring MicroCap Rodeo Conference on June 6, 2024, in New York City.

The presentation will be led by CEO Mohanraj Ramasamy and CFO Adron Leow at 11:30 a.m. Eastern Time. It will be webcast live and accessible on SRIVARU’s investor relations website.

Management will also hold 1-on-1 meetings with approved investors during the conference. For more information and registration, visit the MicroCap Rodeo website.

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SRIVARU Holding announced the completion of a new manufacturing facility in Coimbatore, India, geared towards electric motorcycles. The state-of-the-art facility can initially produce 2,000 units of the PRANA 2.0 model monthly, with a potential to upscale to over 4,000 units. Featuring an automated testing line, the production cycle—from start to final testing—takes just 12 minutes. The facility is equipped for efficiency and potential expansion to support up to 50,000 units annually. SRIVARU aims to capitalize on India's burgeoning EV market, projected to hit $36 billion by 2027, with the EV segment expected to represent up to 50% by 2030.

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SRIVARU (SVMH), a premium electric motorcycle provider, announced that CEO Mohan Ramasamy discussed the company's latest developments in an interview with Proactiveinvestors.com. The focus was on the successful internal testing of the PRANA 2.0 electric motorcycle, which has now been submitted for final certification by road and safety authorities. Additionally, the company's supply network is fully prepared to commence production upon certification. The interview is available on ProactiveInvestors.com and their YouTube channel.

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SRIVARU Holding (Nasdaq: SVMH; SVMHW) announced the successful completion of EMC/EMI testing for its flagship electric motorcycle, PRANA 2.0.

This milestone is critical in meeting the Central Motor Vehicles Rules (CMVR) regulatory requirements, ensuring the vehicle's electromagnetic emissions and susceptibility comply with standards. CEO Mohanraj Ramasamy emphasized the company's dedication to high-quality, compliant electric vehicles.

PRANA 2.0 features smart riding capabilities, unlimited GPS connectivity, a proprietary braking system, and a 4-mode driving option. This step brings SRIVARU closer to launching the PRANA 2.0, strengthening its market position in the evolving EV sector.

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SRIVARU Holding (SVMH) has completed the production model of its PRANA 2.0 electric motorcycle, with internal testing finalized and the vehicle submitted for road and safety certification. The company has established its complete supply chain network for production post-certification. The PRANA 2.0 is expected to have a 20% longer driving range compared to its predecessor, offering users up to 250km on a single charge. SRIVARU is focused on precision engineering, quality control, and sustainability, with an emphasis on innovation in the premium electric vehicle market.

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SRIVARU (SVMH) successfully completes AIS 156 testing and certification for its lithium iron phosphate battery pack, ahead of schedule. The collaboration with BYD ensures access to premium-quality components, setting a new standard for durability and performance in the Indian electric vehicle market.
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SRIVARU Holding (Nasdaq: SVMH) announces successful on-road driving range tests for Prana 2.0 intelligent battery system, extending range to 150km and 250km per charge. CEO Mohanraj Ramasamy highlights innovation and quality in the electric motorcycle market.
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FAQ

What does SRIVARU Holding Limited do?

SRIVARU focuses on developing two-wheeled vehicles powered by renewable energy, emphasizing safety, performance, and comfort.

What is the Prana?

The Prana is SRIVARU's flagship E2W vehicle, designed to redefine the two-wheeled vehicle category with advanced features.

What is unique about Prana 2.0 Grand and Elite models?

These models feature SRIVARU's version 2.0 intelligent battery system, offering ranges of 150km and 250km per charge.

Where does SRIVARU operate?

SRIVARU operates in the vehicle manufacturing segment, focusing on electric two-wheeled vehicles.

What recent achievements has SRIVARU made?

The company has developed the Prana 2.0 models and submitted vehicles for road and safety certification, establishing a strong supply chain.

How can I contact SRIVARU for more information?

Investors and media can reach out to Crescendo Communications, LLC at +1-212-671-1020 or email ir@svmh.ai.

What is the focus of SRIVARU's engineering and design work?

SRIVARU is focused on enhancing their products, including the upcoming Prana-Elite, which will offer upgraded features and range.

What segment does SRIVARU report in?

SRIVARU reports in the vehicle manufacturing segment.

What are the benefits of the Prana's intelligent battery system?

The intelligent battery system considerably extends the driving range, making it 2-4 times longer than the average daily commute distance.

Where can I find the latest news and updates about SRIVARU?

Latest news and updates can be found through official announcements on platforms like GlobeNewswire and by contacting Crescendo Communications.

SRIVARU Holding Limited

Nasdaq:SVMH

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United States of America