Thu Sep 26 12:30:00 UTC 2024: ## SRIVARU Holding Secures CMVR Certification for its PRANA 2.0 Electric Motorcycles, Paving the Way for Market Launch in India

**GRAND CAYMAN, Cayman Islands – September 26, 2024** – SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW), a leading manufacturer of premium electric motorcycles, announced today that it has received certification from the Central Motor Vehicles Rules (CMVR) agency in India for its PRANA 2.0 models, including the PRANA Grand and PRANA Elite. This significant achievement marks a critical step towards SRIVARU’s entry into the rapidly growing Indian electric two-wheeler market.

The CMVR certification, obtained after rigorous testing and meeting stringent requirements for vehicle safety, battery efficiency, and durability, underlines SRIVARU’s commitment to delivering high-quality, innovative electric vehicles. The PRANA 2.0 series, known for its impressive range of 250 kilometers per charge and acceleration from 0 to 60 km/h in under 4 seconds, is poised to become a game-changer in the premium electric motorcycle segment in India.

The certification aligns SRIVARU with the country’s burgeoning EV market, which is experiencing a surge in demand, particularly for premium yet affordable electric vehicles. This presents a significant opportunity for SRIVARU, which has already begun commercial operations and delivery planning.

“Securing CMVR certification for the PRANA 2.0 models is a key milestone necessary to begin revenue generation,” stated Mohanraj Ramasamy, CEO of SRIVARU. “This achievement validates our commitment and execution capabilities, from product design to delivering a commercially viable product that combines sleek appeal, innovation, high performance, and quality to the market. We are preparing to start PRANA 2.0 delivery to our customers. We believe this is the perfect moment to build a valuable business given the significant market opportunity and the favorable timing.”

SRIVARU’s commitment to innovation, sustainability, and performance, coupled with the CMVR certification, positions the company as a key player in the future of mobility in India. The company is confident that its PRANA 2.0 series will appeal to both eco-conscious and value-driven consumers, driving growth in the Indian EV market.

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