News of Advanced AI Platform Sends Shares Soaring on Monday

News of Advanced AI Platform Sends Shares Soaring on Monday

News of Advanced AI Platform Sends Shares Soaring on Monday By: Tomas Ronolski - News

Monday, July 8, 2024

AI is improving operational efficiencies across industries, and this electric motorcycle provider is using the technology to help it reach customers faster and reduce customer acquisition costs, sending shares on a tear.

Premium electric motorcycle provider RIVARU Holding Limited (Nasdaq: SVMHW) announced in a press release today the successful deployment of advanced AI tools to manage its lead generation platform. This deployment follows the firm’s mid-June launch of its booking platform for its flagship product, the PRANA 2.0, a cutting-edge performance electric motorcycle engineered with a focus on value. Over 2,000 daily inquiries have been received since the launch.  

As a standout in the premium motorcycle category, PRANA 2.0 has garnered extensive interest from customers wanting to learn more, request test drives, and proceed with bookings. To address the significant volume of inquiries, SRIVARU has deployed advanced AI tools to manage the customer lead generation platform. AI tools are now handling lead generation, ensuring that the right customers receive the correct information, followed by live conversations when necessary. 

Shares were trading up over 57 percent in morning trade.

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