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SRIVARU Holding Limited - SVMHW STOCK NEWS

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

SRIVARU Holding Ltd aims to revolutionize two-wheeled vehicles by developing products powered by renewable energy, ensuring safety, performance, and comfort for a safe riding experience. The company operates in vehicle manufacturing, with its first product line, the Prana, redefining the E2W vehicle category. Currently, SVH is working on the Prana-Elite model, utilizing the same platform as the Prana-Grand but upgrading its range.

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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 is SRIVARU Holding Ltd's main focus?

SRIVARU Holding Ltd focuses on revolutionizing two-wheeled vehicles by developing products powered by renewable energy.

In which segment does SRIVARU Holding Ltd operate?

SRIVARU Holding Ltd operates in vehicle manufacturing as its sole reportable segment.

What is the first product line of SRIVARU Holding Ltd?

The company's first product line is the Prana, an E2W vehicle that is redefining the category.

What upcoming model is SRIVARU Holding Ltd working on?

SRIVARU Holding Ltd is currently engineering and designing the Prana-Elite, which is expected to leverage the same platform as the Prana-Grand with upgraded range.

How can investors and media contact SRIVARU Holding Ltd?

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

What is the contact information for media inquiries related to SRIVARU Holding Ltd?

For media inquiries, please contact Crescendo Communications, LLC at +1-212-671-1020 or email ir@svmh.ai.

What are the key goals of SRIVARU Holding Ltd's product development?

The company aims to provide safe riding experiences to customers through products that prioritize safety, performance, and comfort.

What sets SRIVARU Holding Ltd's products apart in the market?

SRIVARU Holding Ltd's products are powered by renewable energy sources, distinguishing them in the market.

What market category is SRIVARU Holding Ltd's Prana product line associated with?

The Prana product line from SRIVARU Holding Ltd is associated with the E2W vehicle category.

What is the significance of the Prana-Elite model in SRIVARU Holding Ltd's product lineup?

The Prana-Elite model from SRIVARU Holding Ltd is expected to build on the Prana-Grand platform while offering an upgraded range.

SRIVARU Holding Limited

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