SRIVARU (SVMH) Announces Successful Completion of PRANA 2.0 Commercial Manufacturing and Testing Cycle
SRIVARU Holding (Nasdaq: SVMH) has announced the successful completion of commercial manufacturing and testing for its premium electric motorcycle, PRANA 2.0, now available in the Indian market. The company's first production line can produce over 2,000 units per month on a single shift, demonstrating SRIVARU's readiness to meet growing demand.
The PRANA 2.0 features state-of-the-art battery technology unparalleled in India, offering exceptional performance and sustainability. CEO Mohanraj Ramasamy expressed confidence that PRANA 2.0 will become the market leader in the two-wheeler EV segment within one to two years, highlighting SRIVARU's commitment to revolutionizing the electric vehicle industry in India.
SRIVARU Holding (Nasdaq: SVMH) ha annunciato il completamento con successo della produzione e dei test commerciali della sua moto elettrica premium, PRANA 2.0, ora disponibile nel mercato indiano. La prima linea di produzione dell'azienda può produrre oltre 2.000 unità al mese in un solo turno, dimostrando la prontezza di SRIVARU a soddisfare la crescente domanda.
La PRANA 2.0 è dotata di tecnologia delle batterie all'avanguardia senza pari in India, offrendo prestazioni eccezionali e sostenibilità. Il CEO Mohanraj Ramasamy ha espresso fiducia nel fatto che la PRANA 2.0 diventerà il leader di mercato nel segmento degli EV a due ruote entro uno o due anni, evidenziando l'impegno di SRIVARU a rivoluzionare l'industria dei veicoli elettrici in India.
SRIVARU Holding (Nasdaq: SVMH) ha anunciado la exitosa finalización de la fabricación y pruebas comerciales de su motocicleta eléctrica premium, PRANA 2.0, ahora disponible en el mercado indio. La primera línea de producción de la empresa puede producir más de 2,000 unidades al mes en un solo turno, demostrando la preparación de SRIVARU para satisfacer la creciente demanda.
La PRANA 2.0 cuenta con tecnología de baterías de última generación sin igual en India, ofreciendo un rendimiento excepcional y sostenibilidad. El CEO Mohanraj Ramasamy expresó confianza en que la PRANA 2.0 se convertirá en el líder del mercado en el segmento de vehículos eléctricos de dos ruedas dentro de uno o dos años, destacando el compromiso de SRIVARU de revolucionar la industria de vehículos eléctricos en India.
SRIVARU 홀딩 (Nasdaq: SVMH)은 프리미엄 전기 오토바이 PRANA 2.0의 상업적 제조 및 테스트가 성공적으로 완료되었음을 발표했으며, 현재 인도 시장에서 판매되고 있습니다. 회사의 첫 번째 생산 라인은 한 번의 근무조로 월 2,000대 이상을 생산할 수 있으며, 이는 증가하는 수요를 충족할 준비가 되어 있음을 보여줍니다.
PRANA 2.0은 인도 내에서 비할 데 없는 최첨단 배터리 기술을 특징으로 하며, 뛰어난 성능과 지속 가능성을 제공합니다. CEO 모한라지 라마사미는 PRANA 2.0이 1~2년 내에 2륜 전기차 시장의 선두주자가 될 것이라고 확신하며, SRIVARU의 인도 전기차 산업 혁신에 대한 의지를 강조했습니다.
SRIVARU Holding (Nasdaq: SVMH) a annoncé l'achèvement réussi de la fabrication et des tests commerciaux de sa moto électrique haut de gamme, la PRANA 2.0, désormais disponible sur le marché indien. La première ligne de production de l'entreprise peut produire plus de 2 000 unités par mois sur un seul poste, démontrant ainsi la capacité de SRIVARU à répondre à la demande croissante.
La PRANA 2.0 est dotée d'une technologie de batterie à la pointe sans précédent en Inde, offrant des performances exceptionnelles et durables. Le PDG Mohanraj Ramasamy a exprimé sa confiance dans le fait que la PRANA 2.0 deviendra le leader du marché dans le segment des véhicules électriques à deux roues dans un à deux ans, soulignant l'engagement de SRIVARU à révolutionner l'industrie des véhicules électriques en Inde.
SRIVARU Holding (Nasdaq: SVMH) hat den erfolgreichen Abschluss der kommerziellen Herstellung und Prüfung seines hochwertigen Elektro-Motorrads PRANA 2.0 bekannt gegeben, das nun auf dem indischen Markt erhältlich ist. Die erste Produktionslinie des Unternehmens kann in einem einzigen Schichtbetrieb über 2.000 Einheiten pro Monat produzieren, was die Bereitschaft von SRIVARU zeigt, der wachsenden Nachfrage gerecht zu werden.
Die PRANA 2.0 bietet modernste Batterietechnologie, die in Indien ihresgleichen sucht und außergewöhnliche Leistung sowie Nachhaltigkeit bietet. CEO Mohanraj Ramasamy äußerte das Vertrauen, dass die PRANA 2.0 innerhalb von ein bis zwei Jahren zum Marktführer im Bereich der Elektro-Zweiräder werden wird, und hob das Engagement von SRIVARU hervor, die Elektrofahrzeugindustrie in Indien zu revolutionieren.
- Successful completion of PRANA 2.0 commercial manufacturing and testing cycle
- Production capacity of over 2,000 units per month on a single shift
- State-of-the-art battery technology unparalleled in India
- Strong booking inquiries for PRANA 2.0
- None.
Insights
The successful completion of PRANA 2.0's commercial manufacturing and testing cycle marks a significant milestone for SRIVARU. With a production capacity of over 2,000 units per month on a single shift, the company demonstrates strong potential for scalability. However, it's important to note that actual sales figures and market demand are yet to be proven.
The Indian two-wheeler EV market is rapidly growing, with a projected CAGR of 76.8% from 2020 to 2025. SRIVARU's entry with a premium product could capture a significant market share if they can effectively differentiate themselves from established players like Ola Electric and Ather Energy.
Investors should closely monitor key performance indicators in the coming quarters, including:
- Actual sales numbers and revenue growth
- Production costs and profit margins
- Customer acquisition costs and retention rates
- Market share gains in the premium EV segment
While the CEO's optimism about becoming a market leader within 1-2 years is ambitious, it's important to approach such claims with caution and focus on tangible financial results in the near term.
The PRANA 2.0's successful manufacturing and testing cycle signifies SRIVARU's technological readiness in the competitive EV market. The implementation of an automated and fully integrated testing line is particularly noteworthy, as it can lead to improved quality control and potentially lower production costs in the long run.
However, the true technological edge of PRANA 2.0 remains to be seen. While the company claims to have "state-of-the-art battery technology that is unparalleled in India," specific details such as battery capacity, charging time and range are conspicuously absent from the announcement. These metrics are important for assessing the product's competitiveness.
Key technological aspects to watch for include:
- Battery energy density and thermal management
- Motor efficiency and power output
- Smart features and connectivity options
- Charging infrastructure compatibility
The success of PRANA 2.0 will largely depend on how its technological features translate into real-world performance and user experience. As the EV market matures, continuous innovation will be essential for SRIVARU to maintain any technological advantage it may currently possess.
SRIVARU's entry into the Indian electric motorcycle market with PRANA 2.0 comes at a pivotal time. The Indian two-wheeler EV sector is experiencing rapid growth, driven by government initiatives, rising fuel prices and increasing environmental awareness.
However, the market is already crowded with established players like Ola Electric, Ather Energy and TVS Motor Company. SRIVARU's success will hinge on its ability to differentiate PRANA 2.0 as a premium product with unique features that justify its positioning.
Key market factors to consider include:
- Price point relative to competitors and traditional motorcycles
- Distribution and after-sales service network
- Brand perception and marketing effectiveness
- Government policies and incentives for EV adoption
The CEO's statement about "promising" booking inquiries is encouraging but vague. Concrete data on pre-orders or initial sales figures would provide a clearer picture of market reception. Additionally, the ambitious goal of becoming a market leader within 1-2 years should be viewed cautiously, given the competitive landscape and the time typically required to establish brand loyalty in the automotive sector.
SRIVARU's success will ultimately depend on its ability to execute its go-to-market strategy effectively and deliver on the promised premium experience in a price-sensitive market like India.
GRAND CAYMAN, Cayman Islands and COIMBATORE, India, July 29, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW) (“SRIVARU” or the “Company”), a provider of premium electric motorcycles, announced today that its state-of-the-art electric motorcycle, the PRANA 2.0, has successfully completed its commercial manufacturing and testing cycle and is now available in the Indian market. The PRANA 2.0 is being manufactured and delivered to its product specifications, ensuring a premium experience for Srivaru’s customers. To learn more, please watch the video from SRIVARU’s CEO: www.svmh.ai/webcasts-presentations/.
Now that this significant milestone has been attained, SRIVARU is poised to commence commercial manufacturing with an automated and fully integrated testing line. This advancement not only showcases SRIVARU’S commitment to innovation but also marks a pivotal moment for the Indian two-wheeled electric vehicle (EV) market.
The Company’s first production line, operating on a single shift, boasts an impressive capacity of over 2,000 units per month. This remarkable production capability underscores SRIVARU’s readiness to meet the growing demand for electric motorbikes in India and reinforces its position as a key player in the EV industry.
The PRANA 2.0 stands out in the market with its cutting-edge specifications. Equipped with state-of-the-art battery technology that is unparalleled in India, the PRANA 2.0 promises exceptional performance, reliability, and sustainability. Its innovative design and advanced features make it a top choice for eco-conscious riders seeking a superior riding experience.
Mohanraj Ramasamy, Chief Executive Officer of SRIVARU, commented, "The response to our booking inquiries has been incredibly promising. We expect that PRANA 2.0 will quickly become the market leader in the two-wheeler EV segment within the next one to two years. Our goal is to revolutionize the electric vehicle industry in India and provide our customers with the best-in-class products. SRIVARU is dedicated to leading the transformation of the Indian two-wheeler market with PRANA 2.0. We invite all enthusiasts and potential customers to join us on this exciting journey towards a greener, more sustainable future.”
About SRIVARU Holding Ltd.
SRIVARU is the parent company of SRIVARU Motor Private Ltd., a provider of premium electric motorcycles in India. SRIVARU was founded on the realization that while the rider-motorcycle relationship is deep and complex, it is in desperate need of innovation for the next generation of riders. SRIVARU provides affordable premium electric two-wheeled vehicles (“E2W”) that provide an exceptional riding experience with redundant 3-channel automated braking, a low center of gravity to improve stability, enhanced safety features, and easy charging compatible with home charging outlets. The Company has a broad array of intellectual property, including a patent-pending chassis and drive acceleration system. In addition, SRIVARU offers customers a superior total cost of ownership, compared to traditional internal combustion engine motorcycles and E2W vehicle competitors. Additional information about the company is available at: http://www.srivarumotors.com/.
Forward Looking Statements
This communication may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning SRIVARU’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities and the effects of regulation, including whether the business will generate returns for shareholders. These forward-looking statements are based on SRIVARU’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside SRIVARU’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the outcome of any legal proceedings that may be instituted against SRIVARU or others; (b) SRIVARU’s ability to continue to meet the Nasdaq’s listing standards; (c) the ability of SRIVARU to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (d) changes in applicable laws or regulations; (e) consumers’ willingness to adopt electric vehicles and electric motorcycles in particular; (f) the possibility that SRIVARU may be adversely affected by other economic, business and/or competitive factors, geopolitical conflicts, the effects of inflation and potential recessionary conditions; (g) SRIVARU’s execution of anticipated operational efficiency initiatives, including low-cost manufacturing and distribution, and financing arrangements; and (h) other risks and uncertainties indicated from time to time under “Risk Factors” in documents filed or to be filed with the SEC by SRIVARU. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and SRIVARU assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. SRIVARU does not give any assurance that it will achieve its expectations.
Investor & Media Contact
Crescendo Communications, LLC
Tel: +1-212-671-1020
Email: ir@svmh.ai
FAQ
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