SRIVARU Completes Production Model Of PRANA 2.0 Electric Motorcycle
Portfolio Pulse from Benzinga Newsdesk
SRIVARU Holding Limited (NASDAQ: SVMH, SVMHW) announced the completion of its PRANA 2.0 electric motorcycle's production model, following successful internal testing. The model, which boasts a 20% longer driving range of up to 250km on a single charge, has been submitted for final certification. The company has also established a complete supply network for the PRANA 2.0's production. CEO Mohanraj Ramasamy highlighted the milestone's significance and the company's focus on precision engineering, quality control, and strong strategic partnerships.
May 06, 2024 | 12:39 pm
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SRIVARU Holding Limited announced the completion of its PRANA 2.0 electric motorcycle's production model, indicating a significant step towards market entry. The model's enhanced driving range and the established supply network for production highlight the company's readiness for scaling operations.
The completion of the PRANA 2.0 production model and its submission for final certification are positive developments for SRIVARU, likely to boost investor confidence. The announcement of a 20% longer driving range than its predecessor and the establishment of a complete supply network for production are critical factors that could positively impact SVMH's stock price in the short term. These developments demonstrate the company's progress in product development and operational readiness, which are key drivers of investor sentiment in the electric vehicle sector.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100