Why EV-Maker Srivaru Stock Is Charging Higher
Portfolio Pulse from Erica Kollmann
Srivaru Holding Limited (NASDAQ:SVMH) shares surged 182% after the company announced it will begin accepting paid reservations for its PRANA 2.0 e-motorbike on June 16. The company has made significant progress in road testing and safety certification, with production expected to start shortly after testing completion by the end of June.
June 14, 2024 | 2:01 pm
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Srivaru Holding Limited (NASDAQ:SVMH) shares surged 182% after the company announced it will begin accepting paid reservations for its PRANA 2.0 e-motorbike on June 16. The company has made significant progress in road testing and safety certification, with production expected to start shortly after testing completion by the end of June.
The announcement of accepting reservations for the PRANA 2.0 and the progress in testing and certification are significant milestones for Srivaru. These developments indicate strong future demand and operational readiness, which are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100