SRIVARU (SVMH) Begins PRANA 2.0 Vehicle Deliveries and Revenue Generation
SRIVARU Holding (Nasdaq: SVMH) has announced the commencement of customer deliveries for its PRANA 2.0 models, marking the beginning of the company's revenue generation phase. This milestone follows SRIVARU's receipt of the CMVR certification from the Indian Road Transport Authority, confirming compliance with India's safety, performance, and environmental standards.
The PRANA 2.0 series, including the Grand and Elite models, offers a superior riding experience with advanced technology, impressive range, and high-performance capabilities. The Prana Elite boasts a driving range of 250 kilometers per charge and can accelerate from 0 to 60 km/h in under 4 seconds. These electric motorcycles feature iOT enabled smart clusters, LTE and Bluetooth connectivity, and advanced Controller Area Communications (CAN) between core components.
CEO Mohanraj Ramasamy expressed excitement about entering the revenue generation phase and the growth opportunities in the electric two-wheeler segment, particularly in India's rapidly growing EV market.
SRIVARU Holding (Nasdaq: SVMH) ha annunciato l'inizio delle consegne ai clienti per i suoi modelli PRANA 2.0, segnando l'inizio della fase di generazione di entrate dell'azienda. Questo traguardo segue il ricevimento da parte di SRIVARU della certificazione CMVR dall'Autorità del Trasporto Stradale Indiano, che conferma la conformità agli standard di sicurezza, prestazioni e ambientali dell'India.
La serie PRANA 2.0, che include i modelli Grand ed Elite, offre un'esperienza di guida superiore con tecnologia avanzata, un'autonomia impressionante e capacità ad alte prestazioni. Il Prana Elite vanta un'autonomia di guida di 250 chilometri per carica e può accelerare da 0 a 60 km/h in meno di 4 secondi. Queste motociclette elettriche sono dotate di cluster intelligenti abilitati iOT, connettività LTE e Bluetooth, e avanzate comunicazioni Controller Area Network (CAN) tra i componenti principali.
Il CEO Mohanraj Ramasamy ha espresso entusiasmo per l'ingresso nella fase di generazione di entrate e le opportunità di crescita nel segmento dei motocicli elettrici, in particolare nel rapidamente crescente mercato EV dell'India.
SRIVARU Holding (Nasdaq: SVMH) ha anunciado el inicio de las entregas a clientes para sus modelos PRANA 2.0, marcando el comienzo de la fase de generación de ingresos de la empresa. Este hito sigue a la recepción por parte de SRIVARU de la certificación CMVR de la Autoridad de Transporte por Carretera de India, confirmando el cumplimiento de los estándares de seguridad, rendimiento y medioambientales de India.
La serie PRANA 2.0, que incluye los modelos Grand y Elite, ofrece una experiencia de conducción superior con tecnología avanzada, un rango impresionante y capacidades de alto rendimiento. El Prana Elite cuenta con un rango de conducción de 250 kilómetros por carga y puede acelerar de 0 a 60 km/h en menos de 4 segundos. Estas motocicletas eléctricas tienen clusters inteligentes habilitados para iOT, conectividad LTE y Bluetooth, y comunicaciones avanzadas de Controller Area Network (CAN) entre componentes centrales.
El CEO Mohanraj Ramasamy expresó su entusiasmo por ingresar a la fase de generación de ingresos y las oportunidades de crecimiento en el segmento de dos ruedas eléctricas, particularmente en el rápidamente creciente mercado de vehículos eléctricos de India.
SRIVARU Holding (Nasdaq: SVMH)는 PRANA 2.0 모델에 대한 고객 배송의 시작을 알리며, 회사의 수익 창출 단계의 시작을 기념했습니다. 이 이정표는 SRIVARU가 인도 도로 교통 당국으로부터 CMVR 인증을 받은 후 이루어진 것으로, 인도의 안전, 성능 및 환경 기준 준수를 확인합니다.
PRANA 2.0 시리즈는 Grand 및 Elite 모델을 포함하여 첨단 기술, 인상적인 주행 거리 및 고성능 기능을 통해 탁월한 주행 경험을 제공합니다. Prana Elite는 한 번 충전으로 250킬로미터의 주행 거리를 자랑하며 0에서 60 km/h까지 4초도 안 되는 시간에 가속할 수 있습니다. 이 전기 오토바이는 iOT 지원 스마트 클러스터, LTE 및 블루투스 연결, 그리고 핵심 구성 요소 간의 고급 제어 영역 통신(CAN)을 특징으로 합니다.
CEO Mohanraj Ramasamy는 수익 창출 단계에 진입하게 되어 기쁘며, 특히 인도의 빠르게 성장하는 전기차 시장에서 전기 이륜차 부문에 대한 성장 기회를 기대하고 있다고 표현했습니다.
SRIVARU Holding (Nasdaq: SVMH) a annoncé le début des livraisons aux clients de ses modèles PRANA 2.0, marquant le début de la phase de génération de revenus de l'entreprise. Cette étape suit la réception par SRIVARU de la certification CMVR de l'Autorité des Transports Routiers de l'Inde, confirmant la conformité aux normes de sécurité, de performance et environnementales de l'Inde.
La série PRANA 2.0, comprenant les modèles Grand et Elite, offre une expérience de conduite supérieure avec une technologie avancée, une autonomie impressionnante et des capacités de haute performance. Le Prana Elite offre une autonomie de 250 kilomètres par charge et peut accélérer de 0 à 60 km/h en moins de 4 secondes. Ces motos électriques sont équipées de clusters intelligents habilités iOT, de connectivité LTE et Bluetooth, et de communications avancées Controller Area Network (CAN) entre les composants principaux.
Le CEO Mohanraj Ramasamy a exprimé son enthousiasme à l'idée d'entrer dans la phase de génération de revenus et les opportunités de croissance dans le segment des deux roues électriques, en particulier sur le marché des véhicules électriques en pleine expansion en Inde.
SRIVARU Holding (Nasdaq: SVMH) hat den Beginn der Kundenlieferungen für seine PRANA 2.0 Modelle bekannt gegeben, was den Beginn der Umsatzgenerierungsphase des Unternehmens markiert. Dieser Meilenstein folgt auf den Erhalt der CMVR-Zertifizierung von der indischen Straßenverkehrsbehörde, die die Einhaltung der Sicherheits-, Leistungs- und Umweltstandards Indiens bestätigt.
Die PRANA 2.0 Serie, die die Modelle Grand und Elite umfasst, bietet ein überragendes Fahrerlebnis mit fortschrittlicher Technologie, beeindruckender Reichweite und leistungsstarken Fähigkeiten. Das Prana Elite verfügt über eine Reichweite von 250 Kilometern pro Ladung und kann in weniger als 4 Sekunden von 0 auf 60 km/h beschleunigen. Diese Elektro-Motorräder verfügen über iOT-fähige intelligente Cluster, LTE- und Bluetooth-Konnektivität und fortschrittliche Controller Area Communications (CAN) zwischen den Hauptkomponenten.
CEO Mohanraj Ramasamy äußerte seine Begeisterung über den Eintritt in die Umsatzgenerierungsphase und die Wachstumsmöglichkeiten im Bereich elektrische Zweiräder, insbesondere im schnell wachsenden EV-Markt Indiens.
- Commencement of customer deliveries for PRANA 2.0 models, marking the start of revenue generation
- Received CMVR certification, allowing full capitalization on India's large EV market
- Established effective costing model enabling gross profit on each sale
- PRANA Elite offers 250 km range per charge and 0-60 km/h acceleration in under 4 seconds
- Advanced features including iOT smart clusters, LTE/Bluetooth connectivity, and CAN implementation
- None.
Insights
SRIVARU's commencement of PRANA 2.0 deliveries marks a critical inflection point for the company, transitioning from pre-revenue to revenue-generating status. This milestone is particularly significant for a small-cap company with a market capitalization of
The CMVR certification is a key regulatory achievement, enabling SRIVARU to tap into India's vast two-wheeler market. With a streamlined supply chain and an automated test line, the company is positioned for efficient production and positive gross margins on each sale, which is important for sustainable growth.
The PRANA 2.0 series' competitive specs, including a 250 km range and 0-60 km/h acceleration in under 4 seconds, position it well in the premium electric motorcycle segment. The integration of IoT and AI technologies could provide a competitive edge and potentially lead to higher profit margins through value-added features.
Investors should monitor initial sales volumes, customer reception and the company's ability to scale production to meet demand. These factors will be critical in assessing SRIVARU's potential for market share growth and long-term profitability in India's evolving EV landscape.
SRIVARU's PRANA 2.0 series showcases impressive technological integration that sets it apart in the electric motorcycle market. The IoT-enabled smart clusters with LTE and Bluetooth connectivity offer advanced user interaction and data collection capabilities. This could lead to valuable user insights and potential for recurring revenue streams through premium connected services.
The implementation of Controller Area Communications (CAN) between core components is a significant advancement. This system architecture allows for more efficient communication and control, potentially improving overall vehicle performance and reliability. The integration of artificial intelligence for predictive analytics, especially in range estimation, addresses a common concern in EVs and could enhance user confidence.
From a tech perspective, these features position PRANA 2.0 as a smart, connected vehicle rather than just an electric motorcycle. This approach aligns with broader IoT and smart city trends, potentially opening doors for partnerships and integrations with other smart systems in the future. The tech stack also provides a solid foundation for over-the-air updates and continuous improvement of the product, which could extend the product lifecycle and customer satisfaction.
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / October 14, 2024 / SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) ("SRIVARU" or the "Company"), a manufacturer of premium electric motorcycles, today announced the commencement of customer deliveries for its PRANA 2.0 models, including the PRANA Grand and PRANA Elite. This milestone also signifies the beginning of the Company's revenue generation phase.
The deliveries follow SRIVARU's receipt of the critical CMVR certification from the Indian Road Transport Authority and subsequent approval from the State Transport Authority. This certification confirms that SRIVARU meets India's rigorous safety, performance, and environmental standards, positioning the company to fully capitalize on India's rapidly growing electric vehicle (EV) market-one of the largest two-wheeler markets in the world.
Vehicle delivery represents a significant milestone for the Company, marking the start of revenue generation from product sales. SRIVARU has developed a strong supply chain and advanced manufacturing facility, featuring an automated test line, which allows the Company to certify, sell, and deliver products efficiently to its customers. With a streamlined supply chain in place, SRIVARU has established an effective costing model that enables the Company to realize gross profit on each sale, driving positive revenue growth.
The PRANA 2.0 series, featuring the Grand and Elite models, is designed to offer a superior riding experience with state-of-the-art technology, impressive range, and high-performance capabilities. Built for urban commuters and eco-conscious riders, PRANA 2.0 motorcycles boast a sleek design, advanced safety features, and powerful electric drivetrains, setting a new benchmark in the premium electric motorcycle segment. Prana Elite with an impressive driving range of 250 kilometers per charge per the CMVR certification and the capability to accelerate from 0 to 60 km/h in under 4 seconds, the PRANA 2.0 series are the fastest and efficient electric motorcycles in their class available in India today. PRANA 2.0 vehicles are equipped with iOT enabled smart clusters having LTE and Bluetooth connectivity. PRANA 2.0 motorcycles also have advanced Controller Area Communications (CAN) between the core components of the motorcycle, such as the primary controller, charger, battery and cluster. The advanced CAN implementation enables the integration of artificial intelligence to monitor specific vehicle parameters and make predictions, ultimately enhancing the user experience. This includes providing more accurate information, such as the remaining driving range, by factoring in the vehicle's current consumption, remaining energy, and regenerative currents.
Mohanraj Ramasamy, CEO of SRIVARU, stated, "We are thrilled to begin product deliveries of the PRANA 2.0 models and officially enter into a phase of revenue generation. The PRANA 2.0 series reflects our commitment to innovation, sustainability, and superior riding experience. These models are built for riders who demand both performance and cutting-edge technology, while contributing to a greener planet. We are excited about the growth opportunities ahead as we continue to expand our footprint in the electric two-wheeler segment."
"India's economic transformation, fueled by rising per capita income and substantial policy initiatives, is paving the way for premium, user-focused products. With our cutting-edge electric motorcycles, SRIVARU is poised to play a key role in shaping a cleaner, greener future for India, while meeting the growing aspirations of our people," concluded Mr. Ramasamy.
For more information about the PRANA 2.0 and SRIVARU, please visit https://www.srivarumotors.com/prana-electric-bike or www.svmh.ai.
About SRIVARU
SRIVARU Holding Limited, a Cayman Islands exempted company, is the parent company of SRIVARU Motor Private Ltd., a commercial-stage provider dedicated to designing and manufacturing 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 E2W vehicles 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. SRIVARU additionally oversees a manufacturing subsidiary set to play a crucial role in achieving the company's vision for sustainable and innovative mobility. Additional information about the company is available at: http://www.srivarumotors.com/n. With a focus on innovation, sustainability, and performance, SRIVARU aims to redefine the future of mobility.
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, respectively. 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) the inability to obtain financing to complete the Company's planned expansion; (c) the inability to successfully appeal the Nasdaq's delisting determinations; (d) the ability of SRIVARU to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (e) costs related to ongoing operations; (f) the possibility that SRIVARU may be adversely affected by other economic, business, and/or competitive factors; (g) SRIVARU's ability to execute its business plans and strategies, (h) SRIVARU's estimates of expenses and profitability, and (i) other risks and uncertainties indicated from time to time in SRIVARU's public filings with the SEC, including those under "Risk Factors" therein.
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, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. SRIVARU gives no assurance that it will achieve its expectations.
Company Details:
SRIVARU Holding Limited
2nd Floor, Regatta Office Park, West Bay Road
P.O. Box 10655
Grand Cayman, KY1-1006
Cayman Islands
Investor & Media Contact:
Investor Relations
SRIVARU Holding Limited
Email: ir@srivarumotors.com
Phone: +1 (888) 227-8066
SOURCE: SRIVARU Holding Limited
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