Chennai,
India 16-December 2024: SRIVARU Holding Limited (Nasdaq:
SVMH, SVMHW) ("SRIVARU" or the "Company"), a leader in premium electric motorcycles,
proudly announced the inauguration of its newest authorized dealership, CBM
Motors, in Coimbatore, India. This milestone highlights SVM’s dedication to
expanding its footprint and making high-performance, eco-friendly electric
motorcycles accessible to Indian consumers. The showroom, strategically located
in the heart of Coimbatore, caters to the rising demand for sustainable
two-wheeler transportation. CBM Motors will showcase SVM’s flagship PRANA
2.0 series, including the Grand and Elite models.
These cutting-edge motorcycles offer state-of-the-art safety features,
innovative technology, and an impressive range of up to 250 kilometers per
charge.
At
the inauguration, Mohanraj Ramasamy, CEO of SVM, said
“The opening of our authorized dealership in Coimbatore marks a pivotal moment
in our journey to redefine urban mobility in India. CBM Motors will serve as a
gateway for the people to experience the future of transportation—a blend of
performance, affordability, and sustainability. Our PRANA 2.0 models are
designed not just to meet but to exceed the expectations of modern riders.”
He
added, “Our vision is to establish a nationwide
network of dealerships to make sustainable transportation a reality for all
Indians. The response to our PRANA 2.0 series has been phenomenal, and we are
committed to meeting this demand by rapidly scaling our distribution network.
We see significant potential for growth in both urban and semi-urban markets,
where the need for affordable, eco-friendly transportation is growing
exponentially. As a hub of innovation and forward-thinking consumers,
Coimbatore is the ideal location to introduce our premium electric motorcycles.
With CBM Motors as our trusted partner, we are confident in the adoption of our
advanced, eco-friendly technology. This partnership is a step forward in making
India a global leader in sustainable transportation.”
Adron
Leow, CFO of SVM said “Coimbatore is a home market for us.
The opening of CBM Motors aligns perfectly with our broader expansion plans.
Our goal is not just to sell motorcycles but to build a robust, localized
ecosystem supporting sustainable transportation. The overwhelming response to
the PRANA 2.0 series has motivated us to accelerate showroom openings across
key Indian cities. Hence we were planning to do more investments upcoming
months in our dealership network. Our partnerships are grounded in shared values
of innovation, sustainability, and performance. CBM Motors embodies these
principles, and we’re excited to work together to offer exceptional products
and services to our customers.”
The PRANA 2.0 series, available in
Grand and Elite models, is setting new benchmarks in the electric motorcycle
segment. Key features include:
·
Advanced Battery Technology:
Equipped with BYD batteries offering a range of up to 250 kilometers per
charge.
·
High-Performance Drivetrain:
Accelerates from 0 to 60 km/h in under 4 seconds.
·
Sustainability Focus:
Manufactured using renewable energy, aligning with SVM’s commitment to
eco-friendly mobility solutions.
·
Affordability:
Premium features at an accessible price point, reducing the total cost of
ownership.
The inauguration of CBM Motors marks
the beginning of SVM’s ambitious plans to expand its dealership network across
India. SVM is ramping up production to meet surging demand and aims to open
additional showrooms in strategic locations, including Tier 1 and Tier 2
cities. This expansion will bring SVM’s premium electric motorcycles closer to
consumers nationwide, ensuring accessibility and top-notch service.
Future dealerships will follow the CBM
Motors model, offering hands-on experiences, streamlined purchasing processes,
and superior after-sales support. SVM’s commitment to its customers extends
beyond sales, focusing on building a long-term relationship through innovation
and service excellence.
About SVM
SVM Holding Limited, a Cayman
Islands-based company, is the parent entity of SRIVARU Motor Private Ltd.,
dedicated to designing and manufacturing premium electric motorcycles in India.
The company focuses on innovation and sustainability, offering affordable,
high-performance electric two-wheelers. With features such as redundant
3-channel automated braking, a low center of gravity for enhanced stability,
and easy home-compatible charging, SVM’s motorcycles redefine the riding
experience.
SRIVARU’s proprietary intellectual
property includes a patent-pending chassis and drive acceleration system. The
company’s manufacturing subsidiary is integral to achieving its vision of
sustainable, innovative mobility.
Company
Details:
Head
office:
SRIVARU Holding
Limited, 3rd Floor, Genesis House, Unit 18, Genesis Close, George Town, P.O.
Box 10655 ,Grand Cayman, KY1-1006, Cayman Islands Phone: +1 (888) 227-8066
India
office:
SRIVARU Motors
Private Limited, 224/2, Trichy Rd, Naicken Thottam, Selvaraja Puram,
Kannampalayam, Sulur, Coimbatore, Tamil Nadu 641402. Phone: +91 80982 02030
Investor & Media Contact:
ir@srivarumotors.com
/ Phone: +1 (888) 227-8066