SRIVARU Holding Limited announced the completion of its cutting-edge manufacturing facility in Coimbatore, India. This milestone marks a significant achievement in SRIVARU's mission to revolutionize the e-motorbike industry in India. The newly completed factory is equipped to begin immediate monthly production of an initial estimated 2,000 units of the PRANA 2.0, a cutting-edge performance electric vehicle (EV) designed with a focus on value.

The factory also has the capability to swiftly upscale to meet expected growing demand for the PRANA 2.0 and other motorcycles in development of over 4,000 units per month. The factory features a automated testing line for fully assembled electric motorcycles. This advanced system ensures the highest precision and quality for each motorcycle/PRANA 2.0 produced, which should give customers peace of mind.

Remarkably, the entire production cycle takes 12 minutes from start to final testing, establishing a new benchmark in India for fastest and most efficient precision motorcycle unit production. A notable feature of this new facility is the production and testing efficiency for each PRANA 2.0 model. Based on experience so far, each PRANA 2.0 electric motorcycle can be manufactured and fully tested within just 12 minutes--with 6 minutes for production and 6 minutes for testing--which expect will set a high standard for manufacturing in both India and internationally.

The facility's advanced testing equipment has been designed to ensure the highest range of precision, including calibration, breaking, alignment, battery systems, and more - which should contribute to the superior quality and reliability of SRIVARU's electric motorcycles. As a result, the new manufacturing facility will initially provide the Company with the capacity to produce over 2,000 bikes per month, operating just a single shift and single line. The facility incorporates advanced automation systems, expected to significantly enhance manufacturing efficiency and operating margins.

Furthermore, the new facility's production capacity has been designed for potential expansion with minimal capex requirements through additional lines and multiple shifts, potentially supporting a production output exceeding 50,000 units per year.