SRIVARU Holding Ltd
SVMH
Market cap $11.8M

0.0266 USD

+0.0033

14.16%

At close Nov 18, 4:00 PM EST

Pre-market

0.0257

-0.0009

3.38%

1 day

14.16%

5 days

8.57%

1 month

-65.00%

3 months

-74.12%

6 months

-82.58%

Year to date

-92.94%

1 year

-96.31%

5 years

-96.31%

10 years

-96.31%

About: SRIVARU Holding Ltd focuses to revolutionize two-wheeled vehicles (TWV) by developing products powered by renewable energy, which are assured for safety, performance, and comfort, thereby providing safe riding experience to its customers. It operates in one reportable segment which is vehicle manufacturing. SVH's first product line, the Prana, is a E2W vehicle that is redefining the category. SVH has commenced engineering and design work for the Prana-Elite that is expected to leverage the same platform as the Prana-Grand, while upgrading its range.

Employees: 45

0

Funds holding %

of 6,735 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

5.44% less ownership

Funds ownership: 5.86% [Q2] → 0.42% (-5.44%) [Q3]

25% less funds holding

Funds holding: 12 [Q2] → 9 (-3) [Q3]

33% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 3

63% less capital invested

Capital invested by funds: $390K [Q2] → $144K (-$245K) [Q3]

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for SVMH.

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Financial journalist opinion

Based on 4 articles about SVMH published over the past 30 days

SRIVARU Holding Completes the Interim Audit and Advances Plan to Comply with Nasdaq Listing Standards

GRAND CAYMAN, Cayman Islands, Nov. 18, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced progress in its efforts to gain compliance with Nasdaq listing standards. On September 18, 2024, the Company received a letter from the Office of the General Counsel of The Nasdaq Stock Market LLC (“Nasdaq”) confirming the Nasdaq Hearing Panel's (the “Panel”) decision to grant SRIVARU's request for continued listing on Nasdaq. This decision allowed the Company additional time to execute its compliance plan (the “Plan”), subject to the condition that SRIVARU demonstrate compliance with certain requirements for continued listing by November 14, 2024. The Panel would then evaluate the Company's progress and consider its request for additional time to complete the Plan.

SRIVARU Holding Completes the Interim Audit and Advances Plan to Comply with Nasdaq Listing Standards

SRIVARU (SVMH) Announces Closing of Upsized $6.8 Million Underwritten Public Offering

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.

SRIVARU (SVMH) Announces Closing of Upsized $6.8 Million Underwritten Public Offering

SRIVARU (SVMH) Announces Pricing of Upsized $6.8 Million Underwritten Public Offering

GRAND CAYMAN, Cayman Islands, Oct. 30, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced the pricing of its 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 common 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 can only be purchased together in this public offering, but will be issued separately and will be immediately separable upon issuance. Gross proceeds to the Company, before deducting underwriting commissions and other offering expenses, are expected to be $6.8 million. The offering is expected to close on October 31, 2024, subject to the satisfaction of customary closing conditions.

SRIVARU (SVMH) Announces Pricing of Upsized $6.8 Million Underwritten Public Offering

SRIVARU (SVMH) Expands to Kerala, a Leading State in EV Adoption in India, with Innovative Joint Dealership for PRANA 2.0 Electric Motorcycles in Thiruvananthapuram

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.

SRIVARU (SVMH) Expands to Kerala, a Leading State in EV Adoption in India, with Innovative Joint Dealership for PRANA 2.0 Electric Motorcycles in Thiruvananthapuram

SRIVARU (SVMH) Secures Approval from India's Road Transport Authority for PRANA 2.0, Achieving Final Federal Technical Compliance: Paving the Way for Customer Deliveries

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.

SRIVARU (SVMH) Secures Approval from India's Road Transport Authority for PRANA 2.0, Achieving Final Federal Technical Compliance: Paving the Way for Customer Deliveries

SRIVARU Holding Limited Secures Nasdaq Panel Approval for Continued Listing Amid Compliance Efforts

GRAND CAYMAN, Cayman Islands, Sept. 19, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) ("SRIVARU" or the "Company"), a leading innovator in the electric motorcycle market, today announced that it has received a favorable decision from the Nasdaq Hearings Panel (the “Panel”). The Panel's decision grants the Company's request for continued listing on Nasdaq, which we believe will provide SRIVARU the necessary time to implement its plan to regain compliance with Nasdaq's listing requirements.

SRIVARU Holding Limited Secures Nasdaq Panel Approval for Continued Listing Amid Compliance Efforts

SRIVARU Launches PRANA 2.0 Electric Motorcycle in Chennai, 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.

SRIVARU Launches PRANA 2.0 Electric Motorcycle in Chennai, India

SRIVARU Holding Limited Announces Receipt of Nasdaq Delisting Notification and Plans to Appeal

GRAND CAYMAN, Cayman Islands, July 26, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles today announced that on July 24, 2025, the Company received a staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the determination of the Nasdaq staff (the “Staff”) that because the Company had not regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Rule”), the Company's ordinary shares are now subject to delisting from the Nasdaq Global Market. In addition, the Staff advised that the Company's warrants are subject to delisting pursuant to Listing Rule 5455(a). Unless the Company requests an appeal of this determination, the Company's ordinary shares and warrants would be scheduled for delisting from The Nasdaq Global Market at the opening of business on August 2, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.

SRIVARU Holding Limited Announces Receipt of Nasdaq Delisting Notification and Plans to Appeal

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SRIVARU (SVMH) Deploys Advanced AI Platform to Manage Lead Generation Platform for PRANA 2.0 Electric Motorcycle

The AI platform manages over 2,000 daily inquiries related to the PRANA 2.0 online booking launch The AI platform manages over 2,000 daily inquiries related to the PRANA 2.0 online booking launch

SRIVARU (SVMH) Deploys Advanced AI Platform to Manage Lead Generation Platform for PRANA 2.0 Electric Motorcycle

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