SRIVARU Says The Prana 2.0 Intelligent Battery System Goes Longer And Further, Successfully Completes Road/Performance Testing
Portfolio Pulse from Benzinga Newsdesk
SRIVARU Holding Limited (NASDAQ: SVMH), a leading provider of premium electric motorcycles, announced the successful completion of road performance tests for its Prana 2.0 intelligent battery system. The system, installed in the Prana Grand and Prana Elite models, exceeded performance expectations, achieving ranges of over 150 km and 250 km on a single charge, respectively. The Prana 2.0 system includes enhancements like temperature sensors for safety and meets the AIS-156 Phase 3 certification. CEO Mohanraj Ramasamy highlighted the system's significant range improvement and its potential to position SRIVARU as a market leader globally.
March 27, 2024 | 12:42 pm
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SRIVARU Holding Limited announced its Prana 2.0 intelligent battery system surpassed performance expectations in road tests, achieving significant range improvements in its electric motorcycles.
The successful completion of road performance tests and the significant improvement in driving range for SRIVARU's electric motorcycles are likely to be viewed positively by investors. The advancements in battery technology and the achievement of a new industry benchmark could lead to increased investor confidence in SRIVARU's market position and growth potential, potentially driving up the stock price in the short term.
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