Tuesday, April 23, 2024
HomeBike NewsMore than 1,000 people express interest in Savic crowd funding

More than 1,000 people express interest in Savic crowd funding

Savic Motorcycles has drawn a huge vote of confidence in the future of Australian vehicle manufacturing, attracting more than 1,000 expressions of interest within 12 days of launching an equity crowdfunding campaign.

Offered in partnership with leading online investment platform, Equitise, there are already some 1,113 potential investors (as at 18th April). The response is seen as a significant vote of confidence in the potential for Australian innovation.

Companies like Savic Motorcycles are expected to make a mark in the fast-growing field of zero-carbon transportation. It’s also a strong signal that ordinary Australians want to get behind companies that are addressing the climate crisis.

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“We are thrilled with the response to this campaign, which is testament to the growing demand for electric mobility and a push to bring world-class automotive manufacturing back to Australia,” Savic Motorcycles founder and CEO Dennis Savic said.

“We believe that electric vehicles are the future of transportation, and we’re committed to building sophisticated high-performance bikes that will put Australia on the EV map.”

The Equitise campaign will fund the production of the first 100 units of Savic Motorcycles’ C-Series electric café racer, which has earned four major design awards in the run-up to securing regulatory compliance late last year.

The funding will also support the launch of international exports for the Melbourne manufacturer, which has ‘pre-order’ commitments from more than 250 motorcyclists who want to buy its first vehicle.

The campaign is still open to investors, with Savic Motorcycles offering shares at a minimum investment of AUD $500. Visit www.savicmotorcycles.com/crowdfunding to learn more about the investment opportunity and Savic Motorcycles’ vision for the future.

We remind readers that, like any investment, Crowd-Sourced Funding (CSF) is risky. Investors may lose their money and the business may not achieve its objectives.

You should consider the CSF offer document and the general CSF risk warning contained in the offer document in deciding whether to apply under the offer.

This article first published on Exhaust Notes Australia.

Savic Motorcycles’ C-Series electric café racer
Savic Motorcycles’ C-Series electric café racer
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News Desk
The News Desk is the hub of Two Wheel Addicts. It's from here that our team of writers, journalists and photographers bring you the latest happenings from the world of motorcycles.

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