Profile
Sector:
Consumer CyclicalIndustry:
Auto ManufacturersCountry:
Cayman IslandsIPO:
27 September 2022Website:
http://svmh.aiNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
regular market | Wed, 20 Nov 2024 14:30:00 GMTDividend
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SVMH Latest News
GRAND CAYMAN, Cayman Islands, Oct. 31, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced the closing of its previously announced public offering of 106,250,000 units at a public offering price of $0.064 per unit. Each unit consists of one ordinary share and one warrant to purchase one ordinary share, which can be exercisable for two ordinary shares pursuant to an alternative cashless exercise provision. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 15,937,500 ordinary shares and 15,937,500 warrants to cover over-allotments at the public offering price, less the underwriting discount. The warrants will be exercisable on the date of shareholder approval at a price of $0.096 per share and will expire five years from the date of shareholder approval. The ordinary shares and accompanying warrants could only be purchased together in this public offering, but were issued separately and were immediately separable upon issuance. Gross proceeds to the Company, before deducting underwriting commissions and other offering expenses, were approximately $6.8 million.
GRAND CAYMAN, Cayman Islands, Oct. 23, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced its expansion into the Indian State of Kerala with the launch of its PRANA 2.0 electric motorcycle through a new joint dealership with Electrogreen Motors in Thiruvananthapuram, Kerala's capital.
GRAND CAYMAN, Caman Islands, Sept. 26, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, announced today that it has successfully obtained certification from India's Central Motor Vehicles Rules (CMVR) agency for PRANA 2.0 models, which include the PRANA Grand and PRANA Elite. This regulatory approval marks a significant achievement in SRIVARU's mission to deliver innovative, eco-friendly transportation solutions to the rapidly expanding electric two-wheel vehicle market in India.
Aims to increase production capacity to nearly 10,000 units per month by end of 2024 Plans to set up pan India sales network across key areas of India GRAND CAYMAN, Cayman Islands and COIMBATORE, India, Aug. 22, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India. Recently, there has been a remarkable surge in the interest of young individuals towards acquiring electric motorcycles in India.
What type of business is SRIVARU Holding Limited Ordinary Shares?
SRIVARU Holding Limited invents, manufactures, and sells electric vehicles in India. The company provides electric two-wheeled (E2W), related products and accessories, and value-added services. It offers E2W vehicles under the Prana brand name. SRIVARU Holding Limited is based in Grand Cayman, Cayman Islands.
What sector is SRIVARU Holding Limited Ordinary Shares in?
SRIVARU Holding Limited Ordinary Shares is in the Consumer Cyclical sector
What industry is SRIVARU Holding Limited Ordinary Shares in?
SRIVARU Holding Limited Ordinary Shares is in the Auto Manufacturers industry
What country is SRIVARU Holding Limited Ordinary Shares from?
SRIVARU Holding Limited Ordinary Shares is headquartered in Cayman Islands
When did SRIVARU Holding Limited Ordinary Shares go public?
SRIVARU Holding Limited Ordinary Shares initial public offering (IPO) was on 27 September 2022
What is SRIVARU Holding Limited Ordinary Shares website?
https://svmh.ai
Is SRIVARU Holding Limited Ordinary Shares in the S&P 500?
No, SRIVARU Holding Limited Ordinary Shares is not included in the S&P 500 index
Is SRIVARU Holding Limited Ordinary Shares in the NASDAQ 100?
No, SRIVARU Holding Limited Ordinary Shares is not included in the NASDAQ 100 index
Is SRIVARU Holding Limited Ordinary Shares in the Dow Jones?
No, SRIVARU Holding Limited Ordinary Shares is not included in the Dow Jones index
When was SRIVARU Holding Limited Ordinary Shares the previous earnings report?
No data
When does SRIVARU Holding Limited Ordinary Shares earnings report?
Next earnings report date is not announced yet