OKA Holdings Pty Ltd is the legal entity behind the revitalisation and commercial scale-up of the OKA vehicle platform. Trading as OKA Australia, the company was
established in 2024 to acquire and commercialise the assets, intellectual property (IP), and brand of the iconic OKA all-terrain vehicle business.
OKA Holdings holds an exclusive option to acquire OzTerrain Pty Ltd, the current owner of the OKA brand, Gen-5 NT platform, engineering documentation, and associated R&D production infrastructure.
Its core purpose is to lead the commercialisation and scale-up of the Gen-5 OKA NT—a heavy-duty, Australian-designed all-terrain vehicle with a 39-year legacy—using a capital-light production model and international licensing strategy.
The company is focused on turning proven engineering into a scalable business built on recurring revenue, royalty streams, and long-term IP value.
What kind of business is OKA Australia?
OKA Australia is an IP-led iconic brand and revitalised Australian automotive
marque. It is focused on designing, commercialising, and licensing its proprietary all-terrain vehicle platform. OKA Australia combines decades of engineering know-how with a capital-efficient business model that generates revenue through:
- Leasing fleets of OKA vehicles in Australia
- Licensing its intellectual property to international partners
- Supplying proprietary sub-assemblies and platform components
The business is structured to scale globally without operating traditional in-house manufacturing, making it a modern, asset-light automotive brand positioned for recurring revenue and global reach.
Is OKA Australia a manufacturer?
No. OKA Australia does not operate a traditional in-house manufacturing
facility. Instead, it adopts a capital-light, modular sub-assembly model. Key proprietary components, such as the chassis and cab, are manufactured under OKA's direct oversight and supplied to regional sub-assembly and licensing partners who carry out final assembly in their local markets.
This model enables OKA Australia to scale production efficiently without the fixed overheads of a full-scale manufacturing plant, while retaining control over IP, quality, and core component supply.
In addition, OKA maintains a Fremantle-based R&D facility, which undertakes low- volume custom builds to support product evolution, prototyping, and technology
integration as part of its ongoing platform development.
How Does OKA Australia Generate Revenue?
OKA Australia operates a capital-light, IP-led business model that monetises the proprietary Gen-5 all-terrain vehicle platform and associated brand across multiple scalable revenue streams:
- Overseas IP Licensing: OKA licenses its platform and brand to international
partners who undertake final assembly and regional distribution. These partners pay upfront licence fees and ongoing royalties enabling high-margin, recurring income without the overhead of manufacturing in Australia.
- Fleet Leasing: In Australia, OKA builds and leases vehicles under multi-year contracts with clients in mining, defence, utilities, and emergency response. This supports predictable revenue while proving the platform in demanding environments.
- Limited Edition Custom Builds: A small number of bespoke vehicles are
offered each year to the expedition and enthusiast market. These premium builds contribute to revenue, R&D and brand visibility.
- Brand-Driven Income: OKA benefits from strong legacy appeal among
adventure enthusiasts, former OKA owners, and off-road communities. This loyal following supports demand for apparel, brand collaboration and media partnerships.
Together, these income streams reflect a commercial strategy designed to scale globally while preserving integrity and brand value.
Why raise money using a convertible note?
Raising capital via a convertible note provides a flexible and investor-aligned structure that suits early-stage investors in OKA’s commercial scale-up. Specifically:
- Early Participation: It gives early supporters the opportunity to join the OKA journey ahead of a broader equity raise, with the potential for enhanced
returns through discounted conversion terms.
- Pre-Strategic Access: It enables access to the Company before larger
institutional or strategic investors participate in a formal equity round.
- Efficient Structuring: A convertible note allows OKA to accelerate critical
commercialisation activities without setting a fixed valuation too early.
- Investor Protections: The note includes mechanisms such as conversion discounts and maturity triggers to balance risk and reward for early investors.
This approach is designed to reward participation at a pivotal point in the OKA Australia’s growth.
Will investors in the convertible note be able to participate in future equity rounds?
Yes. Investors in the convertible note will automatically convert into ordinary shares at a discount upon the occurrence of a qualifying equity raise, exit event, or at maturity. This mechanism provides early investors with preferential access to the
Company’s capital structure ahead of strategic or institutional capital.
In addition, the Company intends to provide convertible note investors the
opportunity to participate in future equity rounds on a pro-rata basis, subject to the terms of that round and at the discretion of the Board. This ensures that early supporters have the potential to maintain or increase their ownership as OKA Australia scales.
What is the timeline for the next capital raise, and how much will be sought?
Following this initial $500,000 convertible note raise, OKA anticipates launching a larger equity round to raise A$3 million. This capital will support the completion of the
OzTerrain acquisition, expansion of fleet operations, scaling of sub-assembly partnerships, and execution of international licensing agreements. Noteholders will receive early access and preferential terms in this future raise, providing a pathway to deepen their participation as the business scales.
What is OKA Australia’s competitive moat or advantage compared to OEMs or aftermarket players?
OKA’s competitive advantage lies in its proprietary IP, chassis design, modular engineering, and capital-light licensing model. Unlike global OEMs, which focus on mass production for broad markets, or aftermarket players who modify base vehicles post-production, OKA has purpose-built its Gen-5 NT platform for industrial and
extreme off-road use from the ground up. The platform is engineered for high payload, off-road performance, remanufacturing, and multi-role adaptability across mining, defence, emergency response, and adventure sectors.
Aftermarket players often struggle with fragmented supply chains, limited part interoperability, and redundant components they have already paid for without guarantees on quality or transparency around what has been installed. OKA, by contrast, controls its chassis and cab production, integrates globally supported Tier 1 parts, and maintains strict quality standards across all builds, whether performed in-
house or by licensed partners. This ensures consistency, performance, and serviceability at scale, forming a durable moat that is difficult for others to replicate.
What is the expected exit pathway and timeframe for investors?
OKA Australia is executing a five-year growth plan focused on scaling production, licensing its proprietary platform globally, and building long-term value. While there is no guaranteed exit event or IPO, the Company is committed to developing a clear pathway to investor liquidity. This may include a trade sale, public listing, or other structured mechanisms.
The management team and advisory board have deep experience operating both listed and unlisted companies. This experience will inform strategic decisions as OKA grows and evaluates the most suitable exit options for investors.
In the meantime, recognising the importance of early liquidity, OKA is actively building a secondary market for its shares while unlisted. The Company maintains a register of interested investors and will facilitate share transfers subject to board
approval and applicable agreements. This provides an optional path for investors
who may wish to realise value ahead of a formal exit event.
The event garnered extensive coverage across social media platforms and news outlets, amplifying OKA's brand visibility to a global audience and demonstrating its reliability in critical operational scenarios.
